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

    Indian-Origin Canadian Man Gets Prison For Seeking Sex With Underage Girl In Arizona

    Indian-Origin Canadian Man Gets Prison For Seeking Sex With Underage Girl In Arizona
    A 57-year-old Indian-origin man from Canada was sentenced by a federal court in Arizona to 46 months of imprisonment on charges of travelling to the US to have sex with a minor girl.

    Indian-Origin Canadian Man Gets Prison For Seeking Sex With Underage Girl In Arizona

    US 'Golden Visa' Scheme May Be Extended: Experts

    US 'Golden Visa' Scheme May Be Extended: Experts
    Though the three-month extension of the US' EB5 visa scheme ends on December 8, experts are of the view that the scheme, popularly known as the "Golden Visa", is likely to be extended.

    US 'Golden Visa' Scheme May Be Extended: Experts

    Indian-Origin Young Sikh Association Students From Singapore To Rebuild School In Punjab

    Indian-Origin Young Sikh Association Students From Singapore To Rebuild School In Punjab
    Aged between 18 and 21 years, they hail from different ethnic and socio-economic backgrounds and will live with the locals in Ratokke village in Punjab's Sangrur district as they paint and renovate a run-down school from December 9.

    Indian-Origin Young Sikh Association Students From Singapore To Rebuild School In Punjab

    US Teacher Calls Police After Six-Year-Old Muslim Boy Says 'Allah' In Class

    US Teacher Calls Police After Six-Year-Old Muslim Boy Says 'Allah' In Class
    Mohammad Suleiman Was Born With Down Syndrome And He Has Intellectual Difficulties, According To His Father.

    US Teacher Calls Police After Six-Year-Old Muslim Boy Says 'Allah' In Class

    Five Homes Evacuated As Massive Boulder Rolls Into Fraser Valley Community

    Five Homes Evacuated As Massive Boulder Rolls Into Fraser Valley Community
    AGASSIZ, B.C. — Five homes have been evacuated in British Columbia's Fraser Valley over concerns about the stability of a giant boulder that slid down into a residential community last month.

    Five Homes Evacuated As Massive Boulder Rolls Into Fraser Valley Community

    Indian Techie Srinivas Kuchibhotla Murder: Ex-US Navy Veteran Adam Purinton Pleads Not Guilty

    A former US Navy veteran charged with killing an Indian engineer and injuring two others in a racially motivated hate crime at a bar in Kansas city earlier this year has pleaded not guilty.

    Indian Techie Srinivas Kuchibhotla Murder: Ex-US Navy Veteran Adam Purinton Pleads Not Guilty