UK rich rolling in it despite Brexit
Print Edition
BRITAIN’S super-rich “kept calm and carried on making billions” despite worries about Brexit, according to The Sunday Times newspaper’s Rich List for 2017, with more billionaires living in the country than ever before.
In the past 12 months, the total wealth of Britain’s richest 1,000 individuals and families surged 14 percent to 658 billion pounds (US$854 billion). There are now more UK-based billionaires than ever before, at 134.
Industrialist brothers Sri and Gopi Hinduja topped the list with a combined wealth of 16.2 billion pounds, up 3.2 billion over the last year.
Despite gloomy forecasts ahead of the referendum, the UK economy proved resilient in the last six months of 2016 with a weaker pound and record low interest rates helping to boost exports and investor confidence.
London remains the city with the most billionaires at 86, up nine over the previous year. Overall, 19 people increased their wealth by 1 billion pounds or more.
Brothers David and Simon Reuben, who topped the poll last year, fell two places despite adding 900 million pounds to their 14 billion pounds fortune.
Among the 58 newcomers — a minimum of 110 million pounds is now required to make the list compared to just 15 million in 1997 — are famous names including chart topper Adele.
The singer is now worth 125 million pounds, making her the sixth richest person under 30. Football player Zlatan Ibrahimovic and “Fifty Shades of Grey” author EL James also made the cut for the first time.
Other well-known names include: Paul McCartney (780 million), Elton John (290 million), Lewis Hamilton (131 million), and David and Victoria Beckham who have a combined total of 300 million.
The Harry Potter creator, J.K. Rowling, has an estimated fortune of over 650 million.
Queen Elizabeth II become the 329th richest person in her kingdom, with a wealth of 360 million pounds.
The list does not include income and assets from the Crown Estate — the collection of lands and holdings belonging to the monarch but controlled by an independent board — whose property portfolio alone is now worth 12 billion pounds.
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