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UK's super-rich 'getting richer' | UK's super-rich 'getting richer' |
(10 minutes later) | |
The UK's super-rich have never been richer, according to this year's Sunday Times Rich List. | The UK's super-rich have never been richer, according to this year's Sunday Times Rich List. |
The top 1,000 richest people in the country now have more than £400bn between them, it estimates - up almost £53bn in the last year. | The top 1,000 richest people in the country now have more than £400bn between them, it estimates - up almost £53bn in the last year. |
Forty of the top 75 are foreign. Indian steel tycoon Lakshmi Mittal is top again with £27.7bn, up £8bn on 2007. | Forty of the top 75 are foreign. Indian steel tycoon Lakshmi Mittal is top again with £27.7bn, up £8bn on 2007. |
Times are harder for UK figures such as Virgin boss Sir Richard Branson, whose fortune dropped by £400m to £2.7bn. | Times are harder for UK figures such as Virgin boss Sir Richard Branson, whose fortune dropped by £400m to £2.7bn. |
Sir Richard has dropped nine places in the list, down from 11th in 2007 to 20th. | Sir Richard has dropped nine places in the list, down from 11th in 2007 to 20th. |
New entries | New entries |
It is the fourth year running that Lakshmi Mittal has topped the list. | It is the fourth year running that Lakshmi Mittal has topped the list. |
Second is Chelsea owner Roman Abramovich, the Russian oil and industry tycoon who saw his fortune increase from £10.8bn to £11.7bn this year. | Second is Chelsea owner Roman Abramovich, the Russian oil and industry tycoon who saw his fortune increase from £10.8bn to £11.7bn this year. |
New entries in the top 10 include steel and mines magnate Alisher Usmanov - the largest shareholder in Arsenal football club - who comes in at five with £5.7bn. | New entries in the top 10 include steel and mines magnate Alisher Usmanov - the largest shareholder in Arsenal football club - who comes in at five with £5.7bn. |
RICH LIST TOP 10 Lakshmi Mittal, steel (£27.7bn) Roman Abramovich, oil and industry (£11.7bn)The Duke of Westminster, property (£7bn) Sri and Gopi Hinduja, Industry and finance (£6.2bn)Alisher Usmanov, Steel and mines (£5.7bn) Ernesto and Kirsty Bertarelli, pharmaceuticals (£5.6bn)Hans Rausing and family, packaging (£5.4bn) John Fredriksen, shipping (£4.6bn) Sir Philip and Lady Green, retailing (£4.3bn)David and Simon Reuben, property (£4.3bn) | RICH LIST TOP 10 Lakshmi Mittal, steel (£27.7bn) Roman Abramovich, oil and industry (£11.7bn)The Duke of Westminster, property (£7bn) Sri and Gopi Hinduja, Industry and finance (£6.2bn)Alisher Usmanov, Steel and mines (£5.7bn) Ernesto and Kirsty Bertarelli, pharmaceuticals (£5.6bn)Hans Rausing and family, packaging (£5.4bn) John Fredriksen, shipping (£4.6bn) Sir Philip and Lady Green, retailing (£4.3bn)David and Simon Reuben, property (£4.3bn) |
He is followed by Ernesto and Kirsty Bertarelli: the former Miss UK winner and her husband have a £5.6bn fortune based on pharmaceuticals. | |
Sunday Times Rich List editor Ian Coxon said it was the British-born billionaires, like Sir Richard Branson, who were being hardest hit by the credit crunch. | Sunday Times Rich List editor Ian Coxon said it was the British-born billionaires, like Sir Richard Branson, who were being hardest hit by the credit crunch. |
Monaco-based Sir Philip Green, 56, who with his wife Tina, 58, owns Bhs and Topshop, has seen the value of his retail fortune drop by more than 10% in a year to £4.3bn, according to the list. | Monaco-based Sir Philip Green, 56, who with his wife Tina, 58, owns Bhs and Topshop, has seen the value of his retail fortune drop by more than 10% in a year to £4.3bn, according to the list. |
Ineos chemicals billionaire Jim Ratcliffe, 55, owner of the strike-torn Grangemouth refinery, has seen an ever bigger downturn which is attributed to higher energy costs and more competition from the Middle East. | Ineos chemicals billionaire Jim Ratcliffe, 55, owner of the strike-torn Grangemouth refinery, has seen an ever bigger downturn which is attributed to higher energy costs and more competition from the Middle East. |
Ratcliffe, 10th in the list last year with an estimated fortune of £3.3bn, now sits at 25th, worth £2.3bn. | Ratcliffe, 10th in the list last year with an estimated fortune of £3.3bn, now sits at 25th, worth £2.3bn. |
A fortune of £80m is needed to be one of Britain's richest 1,000 people - up from £70m in 2007. | A fortune of £80m is needed to be one of Britain's richest 1,000 people - up from £70m in 2007. |
How the super-rich spend their money | |
The top 1,000 richest included 762 self-made millionaires. | The top 1,000 richest included 762 self-made millionaires. |
Philip Beresford, who has compiled the list since it was first published in 1989, said: "Until now, the 11 years of Labour government have proved a boon for the super-rich, rarely seen before in modern British history. | Philip Beresford, who has compiled the list since it was first published in 1989, said: "Until now, the 11 years of Labour government have proved a boon for the super-rich, rarely seen before in modern British history. |
"However, much of the rise in this year's wealth can be attributed to one factor: the number of foreign rich who have made London or its environs the main home and base of operation." | "However, much of the rise in this year's wealth can be attributed to one factor: the number of foreign rich who have made London or its environs the main home and base of operation." |
The Queen's wealth has stayed fairly static at £320m, Mr Coxon said - although she has been sliding slowly down the list in recent years and is this year at 264. | The Queen's wealth has stayed fairly static at £320m, Mr Coxon said - although she has been sliding slowly down the list in recent years and is this year at 264. |
Meanwhile the Independent on Sunday has published its antidote to the rich list, which it calls the Happy List of 100 people who make Britain a better and a happier place to live. | Meanwhile the Independent on Sunday has published its antidote to the rich list, which it calls the Happy List of 100 people who make Britain a better and a happier place to live. |
These include Tim Berners-Lee, the inventor of the worldwide web, cricketer and fundraiser Ian Botham, and author and philanthropist JK Rowling. | These include Tim Berners-Lee, the inventor of the worldwide web, cricketer and fundraiser Ian Botham, and author and philanthropist JK Rowling. |