Close X
Friday, January 10, 2025
ADVT 
International

Britain Becomes Land Of Self-Made Millionaires

IANS, 15 May, 2018 12:57 PM
    Britain's self-made billionaires and millionaires make up more than 90 per cent of the country's 2018 rich list that was published on Sunday, with two Indian-origin brothers ranking second.
     
     
    The 94 per cent of the 1,000 people on the list is made up of self-made entrepreneurs, the highest level ever. It compares with just 43 per cent of self-made people who were included in the first list in 1989 when inherited wealth dominated the list, Xinhua reported.
     
     
    Businessman Jim Ratcliffe, brought up in a social housing scheme in Manchester, tops the list published in the Sunday Times, with a personal fortune of $28.5 billion. He has become the first industrialist to head the rich list.
     
     
    Second on the list are brothers Sri and Gopi Hinduja, based in London where they head a trading empire started by their father in Mumbai in 1914. 
     
     
    The brothers, aged 82 and 78 respectively, have a wealth of $28 billion, up more than $6 billion over 2017 when they topped the list.
     
     
    Actor Daniel Craig, famed as the movie character James Bond, Secret Agent 007, makes his debut on the list. He and his wife Rachel Welsz have amassed a fortune of $170 million, becoming the fourth and richest 007 to make the list.
     
     
    The highest ranked female on the list, Charlene de Carvalho-Heineken, who runs the famous Heineken brewery, has seen her wealth rocket by almost $2.5 billion in the last year to more than $15 billion.
     
     
    Potter magic continues to cast its lucky spell with J.K. Rowling, the writer of the famous Harry Potter series seeing her wealth increase in 2018 by $68 million to $948 million. 
     
     
    Potter's female sidekick, Hermione Granger, played by Emma Watson saw her wealth in the Young Rich list rise by almost $15 million to $68 million.
     
     
    Philip Beresford, who compiled the first 28 rich lists for the Sunday Times, credited former Conservative Prime Minister Margaret Thatcher as the person responsible for encouraging the era of the self-made man and woman.
     
     
    "Thatcher's children, the new generation of entrepreneurs, were getting going in 1989. She poured the concrete for the foundations of entrepreneurial wealth on which the modern Rich List is built," said Beresford.
     
     
    Queen Elizabeth II topped the first five Rich Lists, but a decision was taken to exclude the value of the Royal Art Collection. She is now 344th on the list, with a wealth of $501 million.
     
     
    The new list puts the combined wealth of the richest 1,000 people in Britain at more than $980 billion. The number of billionaires has gone up by 11 in the past year to 145.

    MORE International ARTICLES

    Investment Limits For US 'Golden Visa' Likely To Be Hiked

    Investment Limits For US 'Golden Visa' Likely To Be Hiked
      The US Congress last week extended the deadline for the EB5 visa to February 8 after the latest deadline expired on January 19.

    Investment Limits For US 'Golden Visa' Likely To Be Hiked

    Sikh Soldiers To Get New War Memorial In London

    Sikh Soldiers To Get New War Memorial In London
    The campaign for a new Sikh war memorial was led by Tanmanjeet Singh Dhesi, Britain's first turbaned Sikh MP, who now has the support of the UK's Ministry of Housing, Communities and Local Government to help set up a Working Group to find a suitable location.

    Sikh Soldiers To Get New War Memorial In London

    Gangster Rajat Malhotra AKA Karan Masti Flees From Police Custody In Punjab

    Gangster Rajat Malhotra AKA Karan Masti Flees From Police Custody In Punjab
    Just a couple of days after the Punjab Police got a pat for killing two notorious gangsters, the force had to face embarrassment on Monday when a gangster escaped from its custody from the court complex in Amritsar.

    Gangster Rajat Malhotra AKA Karan Masti Flees From Police Custody In Punjab

    Jaitu DSP Baljinder Singh Sandhu Dies Of Gunshot Wound As He Mediates Between Cops, Students

    Jaitu DSP Baljinder Singh Sandhu Dies Of Gunshot Wound As He Mediates Between Cops, Students
    A Punjab Police officer was killed on Monday when he went to an institutional campus in Jaitu town in Punjab's Faridkot district to resolve an issue between students and the local police.

    Jaitu DSP Baljinder Singh Sandhu Dies Of Gunshot Wound As He Mediates Between Cops, Students

    Two Indian-Americans Charged With Deceptive Trading Practices

    Two Indian-Americans Charged With Deceptive Trading Practices
    Jitesh Thakkar, 41, of Naperville, Illinois, has been charged in a criminal complaint with conspiracy and spoofing offences, along with six others.

    Two Indian-Americans Charged With Deceptive Trading Practices

    Indian-Americans Launch Campaign To Remove Green Card Backlog

    Eminent Indian Americans have launched a nationwide campaign in the US to create awareness about massive backlog for Green Card which they say is impacting some 300,000 high-skilled Indian applicants.

    Indian-Americans Launch Campaign To Remove Green Card Backlog