These are the 25 richest people in Britain

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These are the 25 richest people in Britain

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Peter Byrne/PA Wire/PA Images

It is a boom time for billionaires, according to this year’s Sunday Times Rich List.

The 29th Sunday Times Rich List, which lists the 1,000 wealthiest individuals and families in the UK, revealed that "this year’s 500 richest individuals and families are now wealthier than the entire top 1,000 were in 2016."

Those who saw their fortunes soar were mainly those making money out of the City, those holding huge property portfolios, or people who were involved in manufacturing. This year though, it the top of the list saw some huge gains in individual fortunes. For example, the Lakshmi family, which owns the largest steel maker in the world ArcelorMittal, saw their wealth grow by £6.1 billion in just one year.

Take a look at who else made the top 25 spots this year below:

25. Joe Lewis

Reuters

Net worth: £4.601 billion

Age: 80

Lewis initially made his his fortune in the hospitality business but now is incredibly rich due to his investment in Tavistock — an operation which has interests in more than 200 companies. He own four yachts and the latest 320 feet one is "more than an office – it's also my home for much of the year," he said to The Sunday Times.

He also has a huge art collection, which includes works by Pablo Picasso and Henri Matisse, and owns Tottenham Hotspur football club.

24. Christo Wiese

CNBC Africa

Net worth: £4.62 billion

Age: 75

South African retail mogul Christo Wiese was a newcomer to The Sunday Times Rich List last year, thanks to his range of investments in retail and property.

His active-property portfolio is alone worth £80 million and he has large stakes in seven publicly traded companies. He is also the largest single shareholder in Africa’s biggest retailer, Shoprite, and in 2015 he bought the New Look fashion chain in Britain.

23. Sir Richard Branson

Kelly Sullivan / Stringer

Net worth: £4.865 billion

Age: 66

Branson is Britain's poster child for entrepreneurship. He built his Virgin empire, which comprises 400 companies, from the age of 16. His group now does everything from mobiles to banking to aviation and even, potentially, space travel. He's known for his sense of humour and once pulled an extreme April Fools' Day prank on a coworker — and got arrested.

See the rest of the story at Business Insider

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May 6, 2017 at 08:27PM