Close X
Saturday, January 11, 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

    19 Hurt As Car Deliberately Hits Pedestrians In Melbourne

    19 Hurt As Car Deliberately Hits Pedestrians In Melbourne
    Two men were arrested on Thursday after a car drove into a crowd of pedestrians outside Melbourne's iconic Flinders Street station, the Australian police said.

    19 Hurt As Car Deliberately Hits Pedestrians In Melbourne

    One Canadian Dead, 3 Injured In Mexico Bus Crash That Killed 12 People

    One Canadian Dead, 3 Injured In Mexico Bus Crash That Killed 12 People
    Mexican officials said eight Americans, two Swedes, and one Mexican were the others killed in the crash.

    One Canadian Dead, 3 Injured In Mexico Bus Crash That Killed 12 People

    Canadian Man Among 20 Honoured For Bravery By Carnegie Hero Fund Commission

    Canadian Man Among 20 Honoured For Bravery By Carnegie Hero Fund Commission
    PITTSBURGH — A Canadian man who is among 20 people recognized for bravery by the Carnegie Hero Fund Commission said he is overwhelmed and honoured for an instinctive act he would do again "in a heartbeat."

    Canadian Man Among 20 Honoured For Bravery By Carnegie Hero Fund Commission

    India Tops List Of Migrants Living Abroad At 17 Million: UN

    India Tops List Of Migrants Living Abroad At 17 Million: UN
    India has topped the list of people living abroad at 17 million with about 5 million Indians residing in the Gulf region alone, according to a new UN report.

    India Tops List Of Migrants Living Abroad At 17 Million: UN

    Sikhs In Pakistan Allege Govt Official Trying To Convert Them To Islam

    Sikhs In Pakistan Allege Govt Official Trying To Convert Them To Islam
    Punjab CM seeks Sushma’s intervention on ‘conversion’ of Sikhs in Pak Sushma Swaraj to take up issue of ‘forced conversions’ of Sikhs in Pakistan

    Sikhs In Pakistan Allege Govt Official Trying To Convert Them To Islam

    Nearly 13% Dip In Number Of Indians Visiting USA

    Nearly 13% Dip In Number Of Indians Visiting USA
    The number of Indians travelling to the United States dropped “significantly” in the first six months of 2017, with experts attributing the dip to important policy changes—especially at home.

    Nearly 13% Dip In Number Of Indians Visiting USA