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

    US Judge Orders Release Of Indian-American Immigration Activist Ravi Ragbir

    US Judge Orders Release Of Indian-American Immigration Activist Ravi Ragbir
    A US judge has ordered immediate release of prominent Indian-descent immigration activist Ravi Ragbir and granted him a temporary reprieve from deportation to his native Trinidad and Tobago, saying his detention was unnecessarily cruel.

    US Judge Orders Release Of Indian-American Immigration Activist Ravi Ragbir

    Indian Techie Venkannagari Krishna Chaitanya, 30, Found Dead In Apartment In Dallas

    Indian Techie Venkannagari Krishna Chaitanya, 30, Found Dead In Apartment In Dallas
    An Indian software engineer was found dead at his apartment where he was living as a paying guest in the US state of Texas, according to officials.

    Indian Techie Venkannagari Krishna Chaitanya, 30, Found Dead In Apartment In Dallas

    We Stand With You And Will Defend Your Culture, Your Way Of Thinking: Rahul Gandhi In Shillong

    Congress President Rahul Gandhi on Tuesday asked the Indian youth to be proud of their heritage, languages, and religions, and vowed to defend the culture and way of thinking of the people in Meghalaya.

    We Stand With You And Will Defend Your Culture, Your Way Of Thinking: Rahul Gandhi In Shillong

    Risking Jail, Iranian Women Protest Obligatory Hijab As Defiant Headscarf Demonstrations Spread

    Risking Jail, Iranian Women Protest Obligatory Hijab As Defiant Headscarf Demonstrations Spread
    Many Islamists believe hijab should not be imposed by the law, though they consider it a religious task for every Muslim woman. Both Rouhani and Supreme Leader Ayatollah Ali Khamenei support softer attitude toward women with improper hijab, but hard-liners oppose to easing such rules.

    Risking Jail, Iranian Women Protest Obligatory Hijab As Defiant Headscarf Demonstrations Spread

    Indian-Origin UK Principal Neena Lall Attacked As 'Hitler' Over Hijab Ban

    Indian-Origin UK Principal Neena Lall Attacked As 'Hitler' Over Hijab Ban
    An Indian-origin principal at one of the UK's leading state-funded schools has been branded as "Hitler" on social media over her efforts to ban the 'hijab' for very young students.

    Indian-Origin UK Principal Neena Lall Attacked As 'Hitler' Over Hijab Ban

    Malaysia Top Court Favours Hindu Woman, Annuls Conversion Of Minors

    Malaysia Top Court Favours Hindu Woman, Annuls Conversion Of Minors
    Malaysia’s top court said in a landmark decision on Monday that both parents must consent to the religious conversion of a minor, ruling unanimously in favour of a Hindu woman whose ex-husband converted their three children to Islam without telling her.

    Malaysia Top Court Favours Hindu Woman, Annuls Conversion Of Minors