Sunday, April 26, 2015

Queen drops out of Sunday Times Rich List for the first time ever

The Queen has dropped out of the top 300 richest people in Britain for the first time as the number of billionaires in the country soars.
The monarch was ranked 302 on the Sunday Times Rich List with a fortune of £340m - while Ukranian oligarch Len Blavatnik topped the chart after his fortune grew £3billion to £13.7billion.   
Her Majesty topped the Rich List when it was first published in 1989 and her personal wealth was valued at £5.2billion. 
The fall in her ranking is attributed to change in criteria for the list, which now excludes the value of things such as the royal art collection - but she is still worth £10million more than last year, when her wealth was valued at £330m putting her in 285th place. 
Mr Blavatnik, whose vast music and media empire includes the Warner Music Group, took over top spot from brothers Sri and Gopi Hinduja, who were nudged into second place despite their fortune rising by £1.1billion to £13billion.
The list, which published, includes 117 billionaires, up from 104 last year. They account for a total wealth of £325.1billion and 80 of them are based in London.
It means the capital has more billionaires than any other city in the world.


DailyMail

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