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Council estate chemical boss Jim Ratcliffe tops Sunday Times rich list

Council estate chemical boss Jim Ratcliffe tops Sunday Times rich list

Jim Ratcliffe, who founded chemical firm Ineos, topped the list with an estimated worth of £21.05bn - after coming 18th a year ago. Their fortune jumped by £4.44 billion from 2017.

Of the 1,000 people on the list, more are billionaires (145) than women (141) with Charlene de Carvalho-Heineken the highest ranked at six with £11.1bn alongside her husband, Michel de Carvalho, the vice chairman of Citigroup.

The list is largely unchanged from its last iteration in May 2017, with most of Britain's biggest figures in the world of finance maintaining and adding to their already sizeable wealth.

Sir Len Balvatnik was listed in third place at £15.26bn, after being knighted this year for services to philanthropy.

She and her financier husband Michel de Carvalho - vice chairman of Citigroup - increased their wealth by nearly 20% over the past year to £11.1 billion.

Retail magnate Sir Philip Green suffered the biggest decline in wealth to befall a British industrialist according to the newspaper, with his net worth falling by 28 per cent (£787 million) to £2 billion.

In January the chain announced 12 of its 37 branches were to close.

The aristocrat land-owner Hugh Grosvenor, the 7th Duke of Westminster, remains the UK's youngest billionaire.

His wealth grew by £444 million in the past year to £9.96 billion.

Robert Watts, the compiler of the "Rich List" said, "If you're good enough, you're old enough".

But who is the richest hedge funder in the UK?

The sports stars make up 17 of the richest people aged 30 or under in the new edition of The Sunday Times Young Rich List, worth a combined £615m (€697m).

"We're seeing more people from humble backgrounds, who struggled at school or who didn't even start their businesses until well into middle age".

The full annual Rich List, which will be published on Sunday May 13, analyses the "identifiable wealth" of the 1,000 richest people in Britain. Several of them arrived here as refugees, the list compilers said.

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