Rise in number of billionaires


%VIRTUAL-SkimlinksPromo%The number of billionaires living in Britain has risen to more than 100 for the first time, a study has found.

Some 104 billionaires are now based in the UK - more than triple the number from a decade ago - with a combined wealth of more than £301 billion, according to the Sunday Times Rich List.
It means Britain has more billionaires per head of population than any other country, while London's total of 72 sterling billionaires is more than any other city in the world, the study found.

Indian-born brothers Sri and Gopi Hinduja top the list of the UK's wealthiest billionaires with a fortune of £11.9 billion.

The London-based pair, who run the global conglomerate Hinduja Group, saw their wealth rise by £1.3 billion in the last year, the study found.

They replaced Russian business magnate Alisher Usmanov at the top after the Arsenal shareholder saw his fortune fall to £10.65 billion, the Sunday Times Rich List said.

The richest Briton, the Duke of Westminster, is ranked 10th on the list after his fortune rose to £8.5 billion.

Last year, 88 billionaires were living in the UK, worth a total of more than £245 billion, according to the Sunday Times Rich List. In 2004, the number of billionaires in Britain was 30, with a combined wealth of £65 billion, it said.

Among the new members of the billionaire club is West End producer Sir Cameron Mackintosh, who saw his fortune rise by £175 million in the last year and is now worth £1 billion, the survey found.

Plymouth-born Chris Dawson, who owns and runs The Range discount store chain, saw his fortune rise by £695 million in the past 12 months to net £1.28 billion.

Meanwhile, Jon Hunt, founder of estate agents Foxtons, has a £1.07 billion fortune, up £145 million in 2013, the Sunday Times Rich List said.

Sports Direct founder Mike Ashley and Sir Richard Branson are among the UK's top 25 wealthiest billionaires.

In Scotland, Sir Brian Souter and Ann Gloag, the siblings who founded the Stagecoach transport empire, share a fortune of £1 billion - an increase of £270 million on last year.

The wealthiest new entry is Carrie and Francois Perrodo and their family, who own the London-based Perenco oil and gas operation and are said to be worth £6.14 billion.

It is the first time since 2008 that the minimum wealth of the 50 richest people in the country has exceeded £1.5 billion, according to the Sunday Times Rich List.

A decade ago, a personal fortune of £700 million was needed to be among Britain's 50 wealthiest people.
The entry point to the UK top 50 today is £1.7 billion, the Sunday Times Rich List found.

The combined wealth of the Britain's super rich is now ahead of the pre-recession levels of 2008, when the total wealth of the UK's 75 billionaires was £201 billion.

Seventy two billionaires are now based in London, compared with 48 sterling-equivalent billionaires in Moscow, 43 in New York, 42 in San Francisco, 38 in Los Angeles and 34 in Hong Kong.

The 2014 Sunday Times Rich List will be published on May 18.

The richest self-made Brits
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Rise in number of billionaires

The Monaco-based billionaire is said to be worth more than £4.2bn, with Topshop and Topman among the country's most successful brands. His first job, aged 12, was working for a shoe importer. He set up his first business at 15 with a £20,000 loan, on-selling imported jeans from the Far East to London-based retailers.

Branson's first successful business venture came in 1976 when he set up Student magazine aged just 16. In 1970, he founded a mail-order record retailer and within a year had opened his first shop on London's Oxford Street – Virgin Records. His fortune is estimated at £3.085 billion, according to the Sunday Times rich list.

The inventor gave his name to the household vacuum cleaner that would make him a fortune of £1.45 billion. James Dyson first reinvented the vacuum cleaner with the launch of his dual cyclone bagless 'G-Force' cleaner in 1983, followed more recently by the hand dryer and the fan. In 1997, Dyson was awarded the Prince Phillip Designers Prize, and elected a Fellow of The Royal Academy of Engineering in 2005.

Founder of Specsavers, Bristol-born Dame Mary Perkins is Britain's first female self-made billionaire, reportedly worth £1.15 billion. The 67-year-old and her husband Douglas, 68, founded the eye-care company in 1984 and they can now boast more than 900 stores across Britain. Perkins was made a Dame Commander of the Order of the British Empire in 2007 as recognition for her work.

Recently retired Beckham is the highest earner in British sport, according to the Sunday Times Sport Rich List. 'Brand Beckham' that has seen the 38-year-old amass a fortune of £165 million from endorsement deals and salary payments from his company, Footwork Productions, over the last decade. But Beckham is still some way off the richest sportsman in the world - golfer Tiger Woods, who is worth a staggering £570m.

Yorkshire Tory peer Lord Kirkham entered the billionaire league in 2010 when he sold his furniture company, DFS, for a reported £500m. In 41 years, Kirkham grew the brand, which started on the outskirts of Doncaster, to 79 stores, three factories and more than 2,600 staff. He received a Knighthood in 1995, a Peerage in 1999 and a CVO in 2005. He now owns a large share in Iceland supermarkets and is worth a reported £1.1billion.

The former Beatle takes the top spot in the Sunday Times Rich List of musical millionaires, sharing a £680 million fortune with his wife Nancy Shevell. McCartney has topped the list of wealthy musicians every year since it was formed 1989 when his fortune was estimated at £80 million.

The chairman of Carphone Warehouse and Talk Talk, Essex-born Dunstone, 46, started his retail empire selling mobile phones from his west London flat in 1989. His fortune rose by £396 million to £1 billion in a year, after the demerger of Carphone Warehouse and Talk Talk. Carphone Warehouse is Europe's largest independent mobile phone retailer and Dunstone was awarded a Knighthood in 2012 for services to the mobile communications industry.

Author of the hugely successful Harry Potter series, Joanne Kathleen Rowling, has a net worth of £560 million – making her the world's richest author. Rowling wrote the first Potter books on a manual typewriter while a single mother living on benefits. The manuscript for the first Harry Potter novel was rejected by 12 publishers and when finally accepted, Rowling received an advance of just £1,500. Harry Potter is the highest-grossing film series of all-time and the brand has been estimated to be worth as much as £10 billion.

East-ender Lord Sugar, best known for his no-nonsense judging on BBC1s The Apprentice, started his career at 16, selling car aerials and electrical goods out of a van he had bought with savings of £50. In 1968 at the age of 21, Sugar started home electronics company, Amstrad (short for Alan Michael Sugar Trading). By the age of 40 he was worth about £600m. Sir Alan sold Amstrad in 2007, and is now worth a reported £770m, with much of his wealth coming from his extensive property empire.


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