Britain's wealthiest get richer by £64 billion in a year

The Beatles on stage at the London Palladium during a performance in front of 2 000 screaming fans 1963

Jim Ratcliffe, 65, chief executive of Ineos, topped the Sunday Times Rich List with a fortune of £21.05 billion, rising from 18th place previous year.

The 94 per cent of the 1,000 people on the list is made up of self-made entrepreneurs, the highest level ever.

At number one on the rich list, moving up 17 places, is Ineos chemicals magnate Jim Ratcliffe, who has an estimated fortune of £21.1 billion. He has become the first industrialist to head the rich list.

In second place were the Hinduja brothers, Sri and Gopi, worth £20.64 billion. Several of them arrived here as refugees, the list compilers said.

The highest ranked female on the list, Charlene de Carvalho-Heineken, who runs the famous Heineken brewery, has seen her wealth rocket by nearly $2.5 billion in the past year to more than $15 billion. Gone are the days when old money and a small band of industries dominated the Sunday Times Rich List.

The List, considered to be the definitive guide to wealth in the United Kingdom and to be published on Sunday, says the University of York graduate has a 12.5 per cent stake in Homeserve worth £333 million, up £99 million in the past year.

"Thatcher's children, the new generation of entrepreneurs, were getting going in 1989".

The 30th edition of the list finds the 1,000 richest individuals and families have a combined wealth of £724 billion - a 10% rise on last year's figure of £658 billion.

Related:

Comments


Other news