Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and 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.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter