British millionaires

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British millionaires worth £1.28 trillion

Britain is home to more than 250,000 millionaires collectively worth £1.28 trillion. An estimated 284,317 people have assets worth more tham £1 million - excluding their main home - according to CoreData Research UK. The average level of wealth among British millionaires is £4.5 million. The majority of millionaires' assets are held in shares.

London Evening Standard, 30 September 2010.

British millionaires 2013

The Rich List of Sunday Times that was dominated by inherited wealth and aristocracy is now full of cash earned from commodities overseas, such as steel and oil. Russian-born businessmen make up three of the top five places.

  1. Alisher Usmanov (mining and investment) £13.3bn
  2. Len Blavatnik (investment, music and media) £11bn
  3. Sri and Gopi Hinduja (industry and finance) £10.6bn
  4. Lakshmi Mittal and family (steel) £10bn
  5. Roman Abramovich (oil and industry) £9.3bn
  6. John Fredriksen and family (shipping and oil services) £8.8bn
  7. David and Simon Reuben (property and internet) £8.2bn
  8. The Duke of Westminster (property) £7.8bn
  9. Ernesto and Kirsty Bertarelli (pharmaceuticals) £7.4bn
  10. Charlene and Michel de Carvalho (inheritance, brewing and banking) £7bn
British billionaires shoes.
British millionaires' £140,000 shoes.
Each pair is handcrafted from solid gold and then encrusted with 2,200 brilliant cut diamonds.

The Surrey-based Russian tycoon Alisher Usmanov, 59, who has a 30% stake in Arsenal football club, owns iron ore producer Metalloinvest, a stake in internet business mail.ru and a holding in mobile phone operator MegaFon, has topped the Sunday Times ranking of the wealthiest people in Britain and Ireland with a fortune of £13.3bn.

Warner Music's Len Blavatnik comes next with £11bn. The Russia-born media mogul, who now holds US citizenship, sold his stake in Russian oil and gas giant TNK-BP for £2bn last month.

Sir Richard Branson, founder of the Virgin brand, is in 19th place with £3.5bn.

The 1,000 richest people in Britain and Ireland share a wealth of £450bn.

There are a record 88 British billionaires in the list - compared to 77 last year and just nine when the rich list started in 1989, and the Queen was placed top.

Sources: Rich List, Sunday Times, 14 April 2013. Sunday Times Rich List, BBC, 20 April 2013.

British billionaires 2014

Brothers Sri and Gopi Hinduja.
Sri and Gopi Hinduja, who inherited their father's conglomerate moved to London in 1979, run the Hinduja Group with their brothers Ashok and Prakash.

Time has moved on and 12 month passed, we do not speak about millionaires any more. The number of billionaires living in the UK has risen to more than 100. There are now 104 billionaires based in the UK with a combined wealth of more than £301bn.

Top 25

  1. Sri and Gopi Hinduja, £11.9bn, up £1.3bn
  2. Alisher Usmanov, £10.65bn, down £2.65bn
  3. Lakshmi Mittal and family, £10.25bn, up £250m
  4. Len Blavatnik, £10bn, down £1bn
  5. Ernesto and Kirsty Bertarelli, £9.75bn, up £2.35bn
  6. John Fredriksen and family, £9.25bn, up £450m
  7. David and Simon Reuben, £9bn, up £719m
  8. Kirsten and Jorn Rausing, £8.8bn, up £3.69bn
  9. Roman Abramovich, £8.52bn, down £780m
  10. The Duke of Westminster, £8.5bn, up £700m
  11. Galen, Hilary and George Weston and family, £7.3bn, up £650m
  12. Charlene de Carvalho-Heineken and Michel de Carvalho, £6.36bn, down £635m
  13. Mohamed Bin Issa Al Jaber and family, £6.16bn, up £1.65bn
  14. Carrie and Francois Perrodo and family, £6.14bn, new
  15. German Khan, £6.08bn, new
  16. Sir David and Sir Frederick Barclay, £6bn, up £3.65bn
  17. Hans Rausing and family £5.9bn, up £1.18bn
  18. Nicky Oppenheimer and family, £4.57bn, up £785m
  19. Earl Cadogan and family, £4.2bn, up £525m
  20. Joseph Lau and family, £4.03bn, down £570m
  21. Sir Philip and Lady Green £3.88bn, no change
  22. Denis O'Brien, £3.85bn, up £486m
  23. Mike Ashley, £3.75bn, up £1.45bn
  24. Sir Richard Branson and family, £3.6bn, up £86m
  25. Idan Ofer, £3.43bn, new

London has more billionaires than any other city in the world with 72 - far ahead of nearest rival Moscow with 48.

There are more than 250,000 British millionaires, the mightiest millionaires in UK.