May 17, 2020

Rich List: Inventor Sir James Dyson is UK's richest person

Inventor Sir James Dyson has topped the Sunday Times Rich List for the first time after increasing his net worth by £3.6bn in a year. The list is based on estimates of the minimum wealth of the 1,000 richest people or families in the UK. The valuations for this year's list were carried out up to the end of April to take into account the early impact of the coronavirus pandemic, with valuations adjusted where there have been significant movements in the value of listed companies. The Hinduja brothers, who are co-chairmen of the India-based conglomerate the Hinduja Group, saw their wealth drop by £6bn in a year while Sir Jim Ratcliffe, who topped the Rich List in 2018, saw his net worth drop the same amount. Sir Paul McCartney is the highest-placed musician with £800m, while singer Rihanna is a new entry with an estimated £468m. Sir Elton John, Sir Mick Jagger and Keith Richards make up the rest of the musical top five, with Sir Ringo Starr missing out by £10m. The Duke of Westminster, whose fortune derives from his family's property empire, continues to top the list of the 50 richest people under 30. Sir Jim Ratcliffe, who owns cycling's Team Ineos as well as French football club OGC Nice, topped the sports club-owners list.

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