SUPER-RICH LIST
Brexit no brake for Britain’s billionaires
Report says over the past year the total wealth of Britain’s richest 1,000 individuals and families surged 14% to £658bn
London — Britain’s super-rich "kept calm and carried on making billions" despite worries about Brexit, according to The Sunday Times newspaper’s Rich List for 2017, with more billionaires living in the country than before. In the past 12 months, the total wealth of Britain’s richest 1,000 individuals and families surged 14% to £658bn, the newspaper said. There were now more UK-based billionaires than before, at 134. Industrialist brothers Sri and Gopi Hinduja topped the list with a combined wealth of £16.2bn, up £3.2bn from 2016. "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," said list compiler Robert Watts. "We expected to see a chilling effect in the run-up to the EU referendum, but that simply did not materialise." Britain voted in June 2016 to leave the EU after more than four decades of membership. Despite gloomy forecasts ahead of the vote, the UK economy proved resilient in the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.