May 21, 2021
UK billionaires see jump in wealth during pandemic
The UK's billionaires saw a sharp increase in their wealth during the pandemic, according to the latest Sunday Times Rich List. Their wealth increased by 21.7% over the past year, rising by £106.5bn to £597.2bn, and there are now a record 171 billionaires in the UK. Ukranian-born oil and media magnate Sir Leonard Blavatnik is the richest person in the country, according to the list. The total of 171 billionaires in the latest Rich List is higher than the previous record of 151 set in 2019. The study found the richest 250 people in the UK this year are worth £658.1bn, up from £565.7bn last year, a rise of 16.3%. Soaring tech values. Alex Chesterman, founder of online car dealing service Cazoo makes his first appearance at 215th with an estimated worth of £750m. "The valuations of many rich listers' companies have soared over the past year - especially the pack of tech businesses known as unicorns," said Mr Watts.
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