Jim Ratcliffe, the CEO of chemicals giant Ineos, has been crowned the UK's richest man.

The self-made chemicals tycoon from Failsworth, Greater Manchester, is now worth £21.05bn, up by £15.3bn from last year.

Every year the Sunday Times rich list looks into the wealth map of Britain. The project, which logs the wealth of the 1,000 richest people in the UK, is now in its 30th year.

This year, a record 145 billionaires have made it into the list, up from 134 last year. The top 1,000 shared an overall total wealth of £724bn, the highest figure that has ever been recorded for list entrants.

This year also marks a record for wealthy women: there are now 141 female entries, with Charlene de Carvalho-Heineken coming in at the UK's richest woman. Her shared fortune with her husband amounts ti £11.1bn.

Read more: Jim Ratcliffe on brink of choosing location for Land Rover Defender project

Robert Watts, the compiler of the Sunday Times Rich List, said: “Britain is changing. Gone are the days when old money and a small band of industries dominated the Sunday Times Rich List.

“Aristocrats and inherited wealth has been elbowed out of the list and replaced by an army of self-made entrepreneurs. Todays super rich include people who have set up businesses selling chocolate, sushi, pet food and eggs.

“Were seeing more people from humble backgrounds, who struggled at school or who didnt even start their businesses until well into middle age. Meanwhile, technology is also playing a bigger part in helping more young people make their fortunes and small companies to grow.

"Britains rich are getting richer, but the cast of Britains 1,000 richest people is an ever-changing and increasingly diverse cast of people."

Here City A.M. takes a look at the people who have made it into the coveted top ten:

2018 rank2017 rankNameSources of wealth2018 wealthUp/down
118Jim RatcliffeChemicals£21.05bnUp £15.3bn
21Sri and Gopi HindujaIndustry and finance£20.644bnUp £4.444bn
32Sir Len BlavatnikInvestment, music and media£15.259bnDown £723m
43David and Simon ReubenProperty and internet£15.096bnUp £1.096bn
54Lakshmi Mittal and familySteel£14.667bnUp £1.438bn
610Charlene de Carvalho-Heineken and Michel de CarvalhoInheritance, brewing and banking£11.1bnUp £1.8bn
78Kirsten and Jorn RausingInheritance and investment£10.848bnUp £1.188bn
85Alisher UsmanovMining and investment£10.556bnDown £1.235bn
97Guy, George and Galen Jr Weston and familyRetailing£10.05bnDown £450m
109The Duke of Westminster and the Grosvenor familyProperty£9.964bnUp £444m

Read more: The big names on this year's rich list

Original Article


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