Published: Wed, May 16, 2018
Culture&Arts | By Laurence Reese

RANKED: Britain's millionaire entrepreneurs under the age of 30

RANKED: Britain's millionaire entrepreneurs under the age of 30

Ratcliffe, who is sponsoring Sir Ben Ainslie's attempt to win the America's Cup for Britain, is also the 39th richest person in the world according to The Sunday Times.

Robert Watts, the compiler of the "Rich List" said, "If you're good enough, you're old enough".

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He said: "Britain is changing". Part of the new edition is the Sunday Times Young ... "She poured the concrete for the foundations of entrepreneurial wealth on which the modern Rich List is built", said Beresford.

But who is the richest hedge funder in the UK? "We're seeing more people from humble backgrounds, who struggled at school or who didn't even start their businesses until well into middle age".

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This year is the 30th anniversary of the Rich List, with the top 20 now worth a combined £218.6 billion, increasing their cumulative wealth by £33.5 billion in the past year.

The List says profits soared by more than 50 per cent in 2016 at Malcolm Healey's West Retail Group, based at Hotham in East Yorkshire, which includes Wren Kitchens and the electronics retailer Ebuyer. The number of billionaires has gone up by 11 in the past year to 145.

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On more foreign high net worth individuals making it to the list, they added, "The reason they appear in the list is because London is now a magnet for the world's super-rich. But perhaps the most striking force blowing through the rich list is technology".

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