Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

UK's wealthiest see fortunes rise at record rate

1 Comment
UK's wealthiest see fortunes rise at record rate

The UK’s 1,000 richest people have seen their wealth soar 15.4% over the last year from, the biggest 12 month gain in the history of the Sunday Times’ Rich List, from £449 billion to £519 billion.

The combined wealth of the list has now more than doubled since the crash, aided by last year’s accelerating equity markets.  

‘I’ve never seen such a phenomenal rise in personal wealth as the growth in the fortunes of Britain’s 1,000 richest people over the past year,’ said Philip Beresford, who has compiled the list for 25 years.

‘The richest have had an astonishing year, and while some may criticise them, many of these people are at the heart of the economy and their success brings more jobs and more wealth for the country.’

The minimum fortune required to get onto the list now stands at £85 million versus £80 million at the very peak of the pre-crash boom.  Entry to the top 500 now requires £190 million versus £80 million in 2004.

Figures released last week showed two of finance’s most-famous self-made millionaires, Peter Hargreaves and Steve Lansdown, rapidly climbing in the top 100.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter