Published On: Sun, May 7th, 2017

Len Blavatnik Is Britain’s Second Richest: The Sunday Times Rich List 2017

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Warner Music Group’s owner, Jewish-Ukrainian businessman Len Blavatnik is Britain’s second richest with £15.982 billion, according to The Sunday Times Rich List 2017.

The UK’s richest 1,000 people have “carried on making billions” amid the “Brexit boom”, with record wealth and more billionaires than ever before, according to the Sunday Times. Their fortune soared to £658 billion — a 14% rise on last year.

The combined wealth of the top 500 of the Rich List surged to £580.3 billion, more than the £575.6 billion total wealth of the 1,000 richest people in 2016.

List compiler Robert Watts told Sunday Times: “While many of us worried about the outcome of the EU referendum, many of Britain’s richest people just kept calm and carried on making billions.”

He said a revived stock market had been behind the surge in wealth for the super-rich. “We expected to see a chilling effect in the run-up to the EU referendum, but that simply did not materialize,” Watts said.

“A buoyant stock market usually drives the wealth of rich-listers higher, and since last June equities have soared.”

The top 20 in the list alone are worth a total of £191.77 billion, increasing their wealth by £35.18 billion within one year.

There are 134 billionaires based in Britain, led by Indian-born brothers Sri and Gopi Hinduja, with £16.2 billion — up £3.2 billion from last year.

Second comes Len Blavatnik who made his fortune by diversified investments in myriad business organizations via his company Access Industries. In 2015, he was named Britain’s richest man with an estimated net worth of £17.1 billion. Len Blavatnik received a masters in computer science from Columbia University and an MBA from Harvard Business School.

In 2015

Len Blavatnik Is Britain’s Richest Man With a £13.17 Billion Fortune

 

3rd come last year’s winners brothers David and Simon Reuben, have a fortune of £14 billion, a £900 million rise in the past 12 months.

13th Roman Abramovich (Industry, Oil)

19th Nicky Oppenheimer and family (Mining, Diamonds)

 

In 2016

Property Boom Pushes Reuben Brothers to Top of Britan Rich List

 

Here are the top 20 wealthiest in the 2017 Sunday Times Rich List:

1 Sri and Gopi Hinduja (Industry, Finance)
2 Len Blavatnik (Investment, Music, Media)
3 David and Simon Reuben (Property, Internet)
4 Lakshmi Mittal and family (Steel)
5 Alisher Usmanov (Mining, Investment)
6 Ernesto and Kirsty Bertarelli (Pharmaceuticals)
7 Guy, George and Galen Jr Weston and family (Retailing)
8 Kirsten and Jorn Rausing (Inheritance, Investment)
9 The Duke of Westminster and the Grosvenor family (Property)
10 Charlene de Carvalho-Heineken and Michel de Carvalho (Inheritance, Brewing, Banking)
11 Hans Rausing and family (Packaging)
12 John Fredriksen and family (Shipping, Oil services)
13 Roman Abramovich (Industry, Oil)
14 Sir James Dyson and family (Household goods, Technology)
15 Sir David and Sir Frederick Barclay (Property, Media, Internet retailing)
16 Mohamed Bin Issa Al Jaber and family (Hotels, Food, Industry)
17 Earl Cadogan and family (Property)
18 Jim Ratcliffe (Chemicals)
19 Nicky Oppenheimer and family (Mining, Diamonds)
20 Carrie and Francois Perrodo and family (Oil, Gas, Wine)

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