Britain becomes land of self-made millionaires

The 94% of the 1,000 people on the list is made up of self-made entrepreneurs, the highest level ever.

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Britain’s self-made billionaires and millionaires make up more than 90% of the country’s 2018 rich list that was published yesterday.

It compares with just 43% of self-made people who were included in the first list in 1989 when inherited wealth dominated the list, Xinhua reported.

Businessman Jim Ratcliffe, brought up in a social housing scheme in Manchester, tops the list published in the Sunday Times, with a personal fortune of £21.5bn, up from £15.3bn last year.

Second on the list are brothers Sri and Gopi Hinduja, based in London where they head a trading empire worth £20.64 billion started by their father. Their fortune jumped by £4.44 billion on 2017, with their India-based car manufacturer Ashok Leyland and Mumbai-based IndusInd Bank having a particularly successful year.

A record number are women

A record number of women have made it onto the list of the 1,000 richest people in Britain this year, with 141 female millionaires making the cut.

The country’s richest woman is Charlene de Carvalho-Heineken, 63, who runs the family Heineken beer business. She inherited her position and stake in the company from her father Freddy Heineken when he died in 2002.

Source Telegraph

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