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Which financial services names have made the Rich List?

Rich List

Peter Hargreaves has jumped to 42nd position on the Sunday Times Rich List, a climb of nine places from last year, after seeing his wealth grow £849m to £3.2bn.

Hargreaves is no longer on the Hargreaves Lansdown board but has kept a 32.2 per cent stake in the company – the value of which has reportedly raised £809m in the past year to £2.9bn. This year’s list makes Hargreaves one of the richest people in finance after Bruno Schroder and Richard Branson.

Fellow HL founder Steve Lansdown, who is also no longer on the board, saw a £240m jump to £1.7bn and sits at number 76 on the list – up from 86.

Elsewhere on the list sees Schroder and family up two spots to 24. The family still has a near 48 per cent stake in the merchant bank and has a total worth £5.2bn.

A new entry in the top 100 is Ashmore founder Mark Coombs, who has seen his net wealth jump by £414m to £1.5bn and sits in 86th position.

Meanwhile, Jupiter and New Star founder John Duffield remains at 374 after seeing a £9m rise to £339m. Fundsmith founder Terry Smith saw his position remain at 480 despite a £30m increase in wealth to £250m.

Hedge fund managers Crispin Odey and Nichola Pease saw their position remain despite seeing a £25m fall to £750m. Ruffer Investments founder Jonathan Ruffer also saw an increase of £19m to £425, retaining his position at 301.

Topping the list is founder of chemical firm Ineos Jim Ratcliffe, who saw his wealth jump a staggering £15.3bn to £21bn.

One of the wealthiest women is Shirley Hill who, alongside husband Vernon, founded Metro Bank. The pair’s wealth is reported to be £446m.

The founders of Hargreaves Lansdown have seen their wealth increase over the last year as it emerges who gave what to the Leave and Remain campaigns ahead of the EU referendum.

Who made the Rich List in 2017?
By Natalie Holt

The Sunday Times Rich List 2017, published last May, revealed co-founder of Hargreaves Lansdown Peter Hargreaves was ranked 51 among the UK’s wealthiest 1,000 people. His wealth rose £165m over the previous year to reach a net worth of £2.3bn. Hargreaves, a prominent Brexiteer, donated £3.2m to the Leave campaign.

Fellow co-founder Steve Lansdown was ranked 86th on the list, with a worth of £1.5bn and an increase in wealth of £80m.

Other notable financial services names to make the 2017 Rich List, included Bruno Schroder and family, worth a total of £4.3bn and making it to number 26 of the UK’s richest people. Schroder, who maintained a role as a non-executive director of the £8bn fund group, gave £50,000 to the Remain campaign.

Fundsmith founder Terry Smith maintained his rank of 513 in the 2017 Rich List, and was said to be worth £220m. Smith invested £115m into Fundsmith in September 2016, taking his total investment in the funds he manages to £200m.

Andy Bell, who launched the AJ Bell platform in 1995, was worth £165m, earning him 678th place on the 2017 Rich List. In 2015 Neil Woodford invested £21m in the business.

This article was updated on 14 May 2018 to reflect the 2018 Sunday Times Rich List.

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. So not many then. Rather proves the point that we are not fat cats (or even fat Katz).

    • Fair point. Still, really intrigued as to how Peter Hargreaves achieved such growth in his wealth in just a year. In the meantime, I am interested in galvanising support for skin and cancer research from HNWIs so if you fancy a coffee and chat at some point that will be great.

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