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

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

Who is the wealthiest person in Britain?

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

Ratcliffe was sacked after just three days from his first job and did not start a business until he was aged nearly 40.

He then worked for several big companies before launching his first business in 1992, at the age of 45.

He said: "Britain is changing".

How the list has evolved?

It said that of the richest 1,000 people in the United Kingdom, 145 were billionaires, compared to 134 a year ago. Ratcliffe the archetypal rags-to-riches story. "But perhaps the most striking force blowing through the rich list is technology". The brothers, aged 82 and 78 respectively, have a wealth of 28 billion USA dollars, up more than 6 billion U.S.dollars over 2017 when they topped the list. That figure has dropped to just 2.9%.


The ST said the tycoon behind the chemical giant, Ineos, epitomises the march of the new wave of self-made entrepreneurs, made of them from humble backgrounds.

Shadow Cabinet Office Minister Jon Trickett attacked the Sunday Times Rich List and accused the Conservatives of deliberately gifting tax cuts "worth tens of billions of pounds" to their "billionaire friends".

Ratcliffe is among a record 145 billionaires in the list - 11 more than recorded in the 2017 edition. Together, they make up 14% of the 1,000 entries.

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 US dollars in the a year ago to more than 15 billion USA dollars. Her wealth has increased by 20% over the past year, due to the popularity of a new 0% alcohol beer.

She and her financier husband Michel de Carvalho - vice chairman of Citigroup - increased their wealth by nearly 20% over the past year to £11.1 billion.

In 1989, the rich list had only five rich individuals from the ethnic minorities; now the number has risen to 86, including 83 from the Asian community. With a combined wealth £20.64 billion (€23.4 billion), they tailed Jim Ratcliffe to claim the second spot.

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