INTERESTING BUILDING – TONY RYAN ACADEMY [CITYWEST BUSINESS CAMPUS IN DUBLIN]
The DCU Ryan Academy is a not-for-profit partnership between Dublin City University and the Ryan Family (Ryanair) with the objective to be the leading supporter of entrepreneurs and innovation in Ireland.
Operating from its own campus, the DCU Ryan Academy bridges the gap between academia and entrepreneurial practice through a unique partnership between Ireland’s youngest university, DCU, and the family of one of Ireland’s greatest entrepreneurs, Tony Ryan.
For more information visit ryanacademy.ie
Thomas Anthony “Tony” Ryan (2 February 1936 – 3 October 2007) was an Irish billionaire, philanthropist and businessman.
He was a founder of Guinness Peat Aviation (GPA) as well as co-founder of Ryanair with Christy Ryan and Liam Lonergan. Ryanair was believed to be the main source of his wealth in later life: the company is now one of the biggest airlines in Europe.
Born in Thurles, County Tipperary, Ryan worked for Aer Lingus, before going on to found their aircraft leasing arm, wet-leasing out their aircraft in the quieter winter months.
In 1975, with Aer Lingus and the Guinness Peat Group, he founded Guinness Peat Aviation (later GPA Group), an aircraft leasing company, with a $50,000 investment. GPA grew to be the world’s biggest aircraft lessor, worth $4 billion at its peak. But its value dramatically collapsed in 1992 after the cancellation of its planned IPO. Ryan made €55m from the sale of AerFi (the successor to GPA) in 2000. Ryan was a tax exile who lived in Monte Carlo, but also owned a stud farm near his home in Dolla County Tipperary. He was the 7th wealthiest individual from Ireland in the Sunday Times Rich List 2007.
Ryan over the years helped nurture two successful business protégés – Denis O’Brien and Michael O’Leary – both of whom became billionaires.
Ryan was an active and innovative funder of university education in Ireland. He donated a marine science institute to NUI Galway in 1993 which was named the Martin Ryan Marine Science Institute in honour of his father. He showed interest in marine science and aquaculture development in the west of Ireland. He also funded The Ryan Academy for Entrepreneurship at the Citywest park, that is run by Dublin City University.
In 2001, Ryan acquired Castleton Farm near Lexington, Kentucky from the Van Lennep Family Trust. Ryan renamed it Castleton Lyons and undertook renovations to the property while returning to its original roots as a thoroughbred operation.
At the time of his death he owned 16% of Tiger Airways, a discount carrier based in Singapore which was founded in December 2003.