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

    Pakistan To Give Visa To Kulbhushan Jadhav's Mother, Wife, Says Sushma Swaraj

    Pakistan To Give Visa To Kulbhushan Jadhav's Mother, Wife, Says Sushma Swaraj
    In Islamabad, a Pakistan foreign office spokesperson said it will allow convicted Indian death row prisoner Kulbhushan Jadhav to meet his wife and mother on December 25.

    Pakistan To Give Visa To Kulbhushan Jadhav's Mother, Wife, Says Sushma Swaraj

    Kashmir Snowshoe Racer Pleads Guilty To Sexual Abuse, Awaits Deportation From US

    Kashmir Snowshoe Racer Pleads Guilty To Sexual Abuse, Awaits Deportation From US
    A 25-year-old Indian sportsman, who was arrested here on charges of sexually abusing a minor girl, has avoided trial by pleading guilty and is awaiting deportation, authorities have said.

    Kashmir Snowshoe Racer Pleads Guilty To Sexual Abuse, Awaits Deportation From US

    Hindi Is Now The Fourth-Most Widely Spoken Language In New Zealand, Says Country's Envoy

    Hindi Is Now The Fourth-Most Widely Spoken Language In New Zealand, Says Country's Envoy
    "We both share common values, such as commonwealth heritage and democracy. And, also, the common language that is, English and now also Hindi," Joanna Kempkers said at the event in New Delhi.

    Hindi Is Now The Fourth-Most Widely Spoken Language In New Zealand, Says Country's Envoy

    Indian-American Firm Launches Novel Education Programme In India

    Indian-American Firm Launches Novel Education Programme In India
    An Indian-American firm is planning to introduce a new method of teaching science, technology, engineering and maths (STEM) to middle and secondary school students in India through experiential learning.

    Indian-American Firm Launches Novel Education Programme In India

    VIDEO: Pakistan Army’s First Sikh Officer Maj Hercharn Singh Ties The Knot

    VIDEO: Pakistan Army’s First Sikh Officer Maj Hercharn Singh Ties The Knot
    Born in 1986 in Nankana Sahib, where Sikhism’s first master Guru Nanak Dev was born, Maj Hercharn Singh was part of the Pakistan Military Academy’s 116th Long Course.

    VIDEO: Pakistan Army’s First Sikh Officer Maj Hercharn Singh Ties The Knot

    UK Says Jallianwala Bagh Massacre ‘Deeply Shameful’, Avoids Apology

    UK Says Jallianwala Bagh Massacre ‘Deeply Shameful’, Avoids Apology
    The UK has sidestepped London Mayor Sadiq Khan’s call for an official apology on the 1919 Jallianwala Bagh massacre, saying the government has “rightly condemned” the “deeply shameful act” in British history in the past.

    UK Says Jallianwala Bagh Massacre ‘Deeply Shameful’, Avoids Apology