It seems it is the time for billionaires as there are a number of rich families currently residing in the UK. Previously, people whose fortunes soared were involved in the manufacturing sector, held huge property portfolios and made most of their money out of the City. However, trends have changed and now some individuals have seen huge gains in their fortune. Following are some of the richest and powerful people in Britain this year:
Initially, Lewis saw his fortunes turn around via the hospitality business, but it was his investment in Tavistock that made his incredibly rich. This particular operation has invested in almost 200 companies. Mr. Lewis has an extensive art collection and this includes works of Henri Matisse and Pablo Picasso. He also owns four yachts and the newest one is one of the largest and most impressive ones. The 80-year-old is also the owner of Tottenham Hotspur Football club.
Everyone has heard of Richard Branson. After all, he is Britain’s poster child for business and entrepreneurship. He was only 16 when he started building his Virgin Empire and now it comprises of 400 companies. His group has its fingers in almost all the pies, whether it is aviation, banking or mobile and they are also venturing into space travel. He is well-known for his sense of humor too and it got him arrested once.
Born in Lisbon, Portugal, António Horta is the chief executive of Lloyds Banking Group, one of the oldest banks in the UK and also one of the largest mortgage lenders. The Portuguese banker went to the Catholic University of Portugal and graduated in Management and Business Administration and got his MBA from INSEAD. He also went to Harvard Business School for completing an Advanced Management Program. Over the years, he has gained experience working in Citibank, Goldman Sachs and the Santander Group. As CEO of Lloyds, he takes home $10.3 million annually.
In 2011, Oppenheimer sold the 40% stake he had in the De Beers diamond operation for a price of £3.2 billion, which contributed to the bulk of his health. He is now the owner of an organic farm and estate near Maidenhead, but still has considerable investments in mining group Anglo American and in South Africa.
One of the most popular rag-to-riches story is that of Jim Ratcliffe. Growing up on the outskirts of Manchester, he used to spend his time counting chimneys from the council house of his parents, which gave him the inspiration to set up a career in that industry. He went on to establish and then run one of the biggest chemical companies of the world called Ineos. His stake in the group is approximately £5.75 billion. His property portfolio is another thing that’s quite impressive about him and in December, he made an acquisition of a huge state in Iceland. Other than that, he is also the proud owner of a number of yachts.