The boy done good

BERKELEY Group’s founder and chief executive Tony Pidgley took home £23.3m last year after profits at the London-focused housebuilder surged by more than 42 per cent.

The payout marks an astonishing rags-to-riches tale for Pidgley, who was adopted by travellers as a child and quit school when he was 15.

The company’s latest annual report, published yesterday, shows Pidgley pocketed a basic salary of £825,000 as well as an annual bonus of £2.5m and an extra award of £19.8m relating long term incentive plans dating back at least five years.

That compares with the £3.8m he earned in 2014, when the payout from multi-year performance incentives was a smaller £1.8m.

Pidgley was one of five senior directors to be awarded payouts under the company’s long-term incentive scheme totalling £41.7m.