Richest People in the UK – List of Top 10 Britain’s Wealthiest Men
The article is about the richest people in the UK. It presents the top ten richest British people in 2016 who have more wealth than any other citizen of the United Kingdom. Along with the name of those ten persons, a brief info, and their net worth is provided.
Note: Source from this list of wealthiest people from the UK is Forbes Magazine. If you are looking for Sunday Times Rich List then you can get it on the web. Also, the people on this list are citizens of the United Kingdom. Hence, we have excluded those people who reside in the UK but are not citizens. You can find top 1000 richest people in Britain, according to the Sunday Times Rich List. For top 100, see the list of wealthiest people in the UK by Forbes.
#1) Srichand and Gopichand Hinduja – Richest Family in the UK
Net Worth: $14.5 Billion
Together, the brothers occupy the top spot on list of richest people in the UK. Srichand is the primary shareholder in the Hinduja Group. Hinduja Group has a diversified business with revenues in billions of US dollars. Permanand Hinduja was a businessman from India who had textile and an import-export business. Srichand moved to London to help his father and went on to make one of the world’s largest conglomerates. Automobile company Ashok Leyland is one of the companies owned by this family.
#2) David and Simon Reuben – Richest Brothers in UK
Net Worth: $14.4 Billions
Born into a Jewish family, Reuben brothers occupy the second spot in our top ten richest men in the UK. Both brothers are self-made billionaires. They were born in India to Jewish-Iraqi parents and later brought to London by their parents. While David started his business with scrap metals, Simon started with carpets and went on to purchase one of the oldest carpet companies in England. Later on, both diversified into different business and merged to become second richest men. (ref)
#3) Gerald Cavendish Grosvenor – Duke of West Minster
Net Worth: $13 Billion
Holding the title of Duke which is highest in British Honor system, Gerald Grosvenor is the third richest Briton. He was born in the county of Omagh in Northern Ireland to Robert Grosvenor (5th Duke of Westminster) and mother Viola née Lyttelton. His wealth is due to ownership large areas of lands across Britain and several properties in different cities. His source of wealth is, thus, real estate.
This 6th Duke of Westminster formed firm Grosvenor Group, which is one of the largest property developers in the United Kingdom. Because of owning huge properties, his family has been one of the richest family in the United Kingdom throughout the history.
#4) Philips and Tina Green – One of the richest people in the UK
Net Worth: $5.9 Billion
Philips Green is an English businessman and he is married to Tina. He was born into a Jewish family in Croydon which is located in South London. According to newspaper Daily Mail, Mr. Philips lives in Monaco for tax evasion and daily commutes to work by private jet from Monaco to UK. He dropped out of high school after the death of his father. Many of his critics also point to the fact that for tax evasion, he has many businesses under the name of his wife Tina Green. He is one of the richest persons in the United Kingdom.
#5) James Ratcliffe
Net Worth: $5.5 Billion
This self-made English billionaire (bold) is the Chairman and founder of a privately owned multinational chemicals company Ineos Group Limited. Consistently finding a name in Sunday Times Rich List, this billionaire is an alumnus of London Business School which is one of the most prestigious business schools of the world. He used high-yielding bonds to finance his business deals, and built Ineos into one of the largest multinational chemical companies in the world. And this made him find a place in the Forbes List.
Leading English dailies in the Uk also refer him as one of the the “Manchester’s most successful entrepreneur”. With uncertainty surrounding the conventional oil production in Middle East, he plans to leverage the shale oil boom in the UK. Known for his love of yachts, he got a 78m superyacht named Hampshire II (italics) built by Royal van lent.
He is so ‘media-shy’ that you can find hardly any news about him. (Ref)
#6) Joe Lewis
Net Worth: $5.3 Billion
Joe Lewis is a British billionaire who derives his wealth through investments in different firms. Though a citizen of UK, he resides in the Bahamas to avoid high taxation in Britain. In the 80s and 90s, he made a huge chunk of money in currency trading and later became an investor. This Jewish British billionaire is not a rags-to-riches story but he started small anjd expanded his family’s catering and restaurant business. And soon, he entered into currency trading and made billions along with other Hungarian billionaire George Soros.
The most important investor of Tavistock Group, Lewis is also owner of several small firms all around the world. He is know for his billion-dollar-worth art collection which includes art works of greatest artists like Pablo Picaso, Lucian Freud, etc. Recently, a man of same name as that of Lewis was caught over an alleged ‘ponzi’ scheme. (Ref)
#7) Ian & Richard Livingstone
Net Worth: $5.1 B
#8) David & Frederick Barclay
Net Worth: $4.9 B
#9) Richard Branson
Net Worth:$4.9 Billions
Mr. Branson is the founder of Virgin Group, which has around 400 companies under its umbrella. He was born in suburban area of Blackheath in Southeast London. His father was a barrister while grandfather was a judge in the High Court of Justice. He dropped out of the school and began trading with small things and later went on to form Virgin Group of companies. The group is involved in investments in various sectors like airlines, cell phone operators, entertainment and lifestyle. With his fortune, he qualifies as the ninth wealthiest person in the UK. Sir Richard Branson has also authored several books on self-improvement as well as launched hi autobiography.
#10) Laurence Graff
Net Worth:: $4.6 Billion
Born in Stepney, Mr. Graff is the eighth richest man in the UK with his fortune. He founded Graff Diamonds in the year 1960. His company is involved in every step of jewelry making process – from sourcing of rough stone, right from cutting to polishing and marketing of diamonds. He is also called as the richest diamond merchant in the UK.
#4) Charles Cadogan
With a net worth of 7.1 Billion US Dollars, Mr. Charles is continuously finds a spot in elite club of UK billionaires. He belongs to one of the most famous real estate dynasties. His family had been involved in this business for more than 300 years and own large number of properties. He controls his wealth through Cadogan Estates which is a firm doing business in properties. He is currently the 8th Earl Cadogan.
#5) Michael Ashley
Net Worth: $6.4 Billions
If you live in the UK then you may hear of Sports Direct. It is a retail company selling sports goods. And it was started by Michael Ashley. He made it public in the year 2007 and now hold majority stake in it. His stake is worth billions. Ashley also owns New Castle United Football Club. His divorce settlements were one of the most expensive divorce in history of the United Kingdom. It was settled for 50 million Pounds. Much opposed bonus scheme in which he is set to get millions of pounds as a bonus, was much opposed by shareholders. But 60 percent votes were cast in his favor during the stockholder meeting.
#6) Bruno Schroder
Net Worth: $5.6 Billions
Like the Rothschilds, the Schroders are well-know respected family in Britain. This family has been associated with banking and financial services since centuries. And Bruno is one their descendants. He holds stake in Schroder company which has assets worth around 300 billion pounds under them for management.
#11) James Dyson
An inventor and an engineer of par excellence, Mr. James Dyson made his fortune through his different types of inventions like Dual Cyclone bagless vacuum cleaner, blade-less fan and fan heater. He founded the company Dyson Limited which focuses on the development of new technological products. With his wealth, he is the richest engineer in the UK.
#13) Anthony Bamford
He is the Chairman and Managing Director of JCB which is one of the largest construction company. JCB was founded by Anthony’s father Joseph Cyril Bamford (JCB). The company manufactures construction equipment like mechanical diggers, tractor, diesel engines, rollers, etc. In the UK, the term ‘JCB’ is colloquially used to refer to excavators.
Source: Forbes Billionaires List