Citywire printed articles sponsored by:

View the rest of this gallery online at

Billionaire boom: the UK's 10 richest people

Sponsored By:

by Josie Allchin on May 12, 2014 at 14:44

The Sunday Times super rich study shows the UK now holds more billionaires than at any point in history. We highlight the top 10, along with a highly prosperous wealth double act.  

The UK has now become a hotbed of billionairs, according The Sunday Times super rich list published over the weekend. The UK is home to more than 100 billionaires for the first time in history, while London has the highest number of super-rich compared to any other city in the world.

Read on as we guide you through the top 10.

Sri and Gopi Hinduja

Ranking 2014Value (£)Sector2013 value (£) (ranking)
111.9bnIndustry and finance10.6bn (3)

Neighbours to the queen, brothers Sri and Gopi Hinduja came from humble beginings in what is now southern Pakistan. Sri, the eldest brother, is chairman of the Hinduja group which was started by the brothers' late father in 1919, when it traded carpets, tea and spices with Iran. Nowadays the multinational conglomerate group has interests in oil, automotive, banking, property and media.

Alisher Usmanov

Ranking 2014Value (£)Sector2013 value (£) (ranking)
210.65bnMining and investment13.3bn (1)

This pro-Kremlin oligarch may have been toppled off the top spot as western attitudes sour towards Putin, but his portfolio is certainly impressive. As well as having a 30% stake in Arsenal football club, he controls the top three social networks in Russia, the second-largest telephone network, Megafon, and Metalloinvest, Russia's largest iron ore producer.

Lakshmi Mittal and family

Ranking 2014Value (£)Sector2013 value (£) (ranking)
310.25bnSteel10bn (4)

Arcelor Mittal saw a £700 million rise in just a year, making Mittal's stake worth £6.65 billion - a relief after a few hard years. He also holds 33% of Queens Park Rangers.

Len Blavatnik

Ranking 2014Value (£)Sector2013 value (£) (ranking)
410bnInvestment, music and media11bn (2)

USSR-born American citizen Len Blavatnik founded private equity investment firm Assess Industries. Last March he sold his stake in the TNK-BP oil business, netting £4 billion

Ernesto and Kirsty Bertarelli

Ranking 2014Value (£)Sector2013 value (£) (ranking)
59.75bnPharmaceuticals 7.4bn (9)

Husband and wife duo Ernesto and Kirsty Bertarelli got married in 2000 and have three children. Kirsty is a singer-songwriter and used to write for 90s girl band All Saints, and also runs the Bertarelli Foundation's UK projects.

Ernesto ran the family's Serono pharmaceuticals company until it was sold for $13.3 billion to Merch of Germany. He now invests heavily in UK property and is investing £500 million through Bertarelli-backed Crosstree Real Estate Partners.He has also won the America's Cup yachting race twice.

John Fredriksen and family

Ranking 2014Value (£)Sector2013 value (£) (ranking)
69.25bnShipping and oil services8.8bn (6)

Norway's richest man John Fredriksen made his fortune in the 1980s as his tankers risked the fighting during the Iraq war to pick up oil. He is now aiming to build the word's most fuel-efficient ships, of which he has aleady sold five to Knightsbridge Tankers for £180 million.

David and Simon Reuben

Ranking 2014Value (£)Sector2013 value (£) (ranking)
79bnProperty and internet8.281bn (7)

The Mumbai-born brothers' biggest asset is currently telecoms data centre operator Global Switch, worth £5 billion, but they made a fortune of £1.3 billion from Russia's aluminium industry in the 1990s. They also own Arena racing, which lays claim to 15 UK racecourses.

Kirsten and Jorn Rausing

Ranking 2014Value (£)Sector2013 value (£) (ranking)
88.8bnInheritance and investment5.109bn (12)

Brother and sister Jorn and Kirsten Rausing are on the board of Swedish packaging group Tetra Laval, which was inherited by their father Gad Rausing and brother Hans. It was later merged with Alfa-Laval. Jorn, who leads the company's mergers and acquisitons operation, also has a £361 million holding in online grocery retailer Ocado.

Roman Abramovich

Ranking 2014Value (£)Sector2013 value (£) (ranking)
98.52bnOil and industry9.3bn (5)

Chelsea Football Club owner Abramovich bought the Sibneft oil company with Boris Berezovsky for £120 million, with the latter selling his shares to Abromovich after going into hiding. The company was later sold for £7.5 billion. The ex-Soviet Army recuit also dabbles in art, property and yachts.

The Duke of Westminster

Ranking 2014Value (£)Sector2013 value (£) (ranking)
108.5bnProperty7.8bn (8)

Gerald Grosvenor's property empire is certainly impressive: he owns 300 acres of Belgravia and Mayfair and much of Oxford Street as well as parts of Liverpool city centre, Eaton Hall in Cheshire and 165,000 acres of rural land. The 62-year-old's property operation, Grosvenor Group, increased its assets to nearly £3.5 billion in 2012.

Further down in 40th place, we see Hargreaves Lansdown owner Peter Hargreaves make an appearance. He saw his wealth rise by £867 million in 2013, largely thanks to the doubling of HL's share price in 2013 from £6.81 to £13.54.

Not to be left out, Hargreaves Lansdown co-founder Stephen Lansdown (pictured, right) comes in as the UK's 64th richest person after seeing a £550 million rise in his wealth in 2013 to £1.45 billion. However his wealth has risen at a slower pace following the disposal of significant stakes in recent years, which was reinvested in a number of personal projects, including Bristol City football club.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

More about this:


Sorry, this link is not
quite ready yet