Thanks to Labour making the Britain's rich become super-rich, Britain has more billionaires than every country on Earth after the US and Russia....

Hey big spender ... Chelsea football club owner Roman Abramovich. He is worth over $11 billion. Only the US has more billionaires than Russia, and Britain is third.

Britain's super rich get richer

Published: Today
The Sun

BRITAIN'S super-rich have never had it so good, with the UK’s top 1,000 multimillionaires adding nearly £53billion to their collective wealth last year.

According to The Sunday Times Rich List 2008, the cash boost means they now sit on a fortune of £412.8 billion - an annual increase of nearly 15 per cent.

The UK is now home to some 75 billionaires - up from 68 in 2007 - 40 of whom arrived from overseas to settle in the country.

Steel tycoon Lakshmi Mittal again tops the list with a personal wealth of £27.7billion, up more than £8 billion on last year.

It is the fourth year running in which Mittal has topped the list.

He is followed by Chelsea owner Roman Abramovich. The Russian oil and industry tycoon saw his fortune increase from £10.8billion to £11.7billion this year.

A brace of new entrants figure in this year’s top 10. Steel and mines magnate Alisher Usmanov comes in at five with £5.726billion.

One place below are Ernesto and Kirsty Bertarelli. The former Miss UK winner and her husband sit on a fortune of £5.65billion built on pharmaceuticals.

Among the fallers in this year’s list is Virgin boss Sir Richard Branson. The value of his transport, Internet and mobile phone empire fell by £400million this year to £2.7billion.

It saw him slump from 11th in 2007 to 20th in the latest report.

The owner of the strike-hit Grangemouth refinery, Ineos chemicals billionaire Jim Ratcliffe, experienced an even greater dive down the list.

Higher energy costs and more competition from the Middle East resulted in Ratcliffe falling from 10th last year to 25th.

The top 1,000 wealth creators included 762 self-made millionaires.

Britain’s super rich needed a personal wealth of more than £80million to feature in this year’s list, up from £70million last year.

Philip Beresford, who has compiled The Sunday Times Rich List since it was first published in 1989, said: “Until now, the 11 years of Labour government have proved a boon for the super-rich, rarely seen before in modern British history.

“However, much of the rise in this year’s wealth can be attributed to one factor: the number of foreign rich who have made London or its environs the main home and base of operation.”


1) United States - 469
2) Russia - 110
3) Britain - 75
4) Germany - 59
5) India - 53