You are here: Home - Investing - Experienced Investor - News -

Britain’s wealthiest are 10% richer

0
Written by:
14/05/2018
The 1,000 richest individuals in the UK have a combined wealth of £724bn, 10% higher than last year, according to this year’s Sunday Times Rich List.

The list also saw the number of billionaires rise to 145, 11 more than last year.

It’s getting more difficult to break into the Rich List. Today, you need wealth of £115m to make the list, compared to £30m in the first edition in 1989.

This year’s list also saw a record number of women, but they still only made up 14% of the list. In 1989 there were only nine women, equivalent to 4.5%. In the original list, only 2.5% were from ethnic minorities, compared to 8.6% today.

There was also a shift in the way the rich have made their wealth. In 1989, 28.5% of the total were landowners, 16.4% of the current list owe their wealth to property. There are now 169 (out of 1,000) who made their money in the finance sector.

Only 5.7% have inherited wealth. Two fifths (43%) made their money themselves and this year’s Rich List included the founders of Hotel Chocolat, BrewDog and Fever Tree.

The wealthiest financier was Bruno Schroder, founder of fund management group Schroders, with an estimated wealth of £979m. Peter Hargreaves, former head of Hargreaves Lansdown also makes the list with wealth of £849m.

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week