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| UK super-rich 'hit in downturn' | UK super-rich 'hit in downturn' |
| (20 minutes later) | |
| The UK's super-rich have seen their wealth fall in the past year during the economic downturn, according to this year's Sunday Times Rich List. | The UK's super-rich have seen their wealth fall in the past year during the economic downturn, according to this year's Sunday Times Rich List. |
| The top 1,000 richest people in the country now have £258bn between them, it estimates - down from last year's record of £413bn. | The top 1,000 richest people in the country now have £258bn between them, it estimates - down from last year's record of £413bn. |
| Over the past 12 months the number of billionaires has fallen from 75 to 43. | Over the past 12 months the number of billionaires has fallen from 75 to 43. |
| Indian steel tycoon Lakshmi Mittal, and family, are top again with £10.8bn, down a huge 61% from 2008. | |
| "The super-rich may be better placed to weather the worst recession in 30 years, but if this list is accurate it shows that none are immune from it," says BBC business correspondent Joe Lynam. | "The super-rich may be better placed to weather the worst recession in 30 years, but if this list is accurate it shows that none are immune from it," says BBC business correspondent Joe Lynam. |
| RICH LIST TOP 10 1. Lakshmi Mittal and family, steel (£10.88bn)2. Roman Abramovich, oil and industry (£7bn)3. The Duke of Westminster, property (£6.5bn)4. Ernesto and Kirsty Bertarelli, pharmaceuticals (£5bn)5. Hans Rausing and family, packaging (£4bn)6. Sir Philip and Lady Green, retailing (£3.83bn)7. Charlene and Michel de Carvalho, inheritance, brewing and banking (£2.96bn) 8. Sammy and Eyal Ofer, shipping and property(£2.68bn)9 = John Fredriksen, shipping (£2.5bn)9 = David and Simon Reuben, property (£2.5bn)9 = Kirsten and Jorn Rausing, inheritance and investment(£2.5bn)9 = Joe Lewis, foreign exchange and investment(£2.5bn) | |
| Russian oligarch and Chelsea football club owner Roman Abramovich is at second place again, although his pot of cash has drained has fallen by 40%, to £7bn from £11.7bn. | Russian oligarch and Chelsea football club owner Roman Abramovich is at second place again, although his pot of cash has drained has fallen by 40%, to £7bn from £11.7bn. |
| Meanwhile across London, fellow Russian billionaire and Arsenal shareholder Alisher Usmanov has seen his fortune drop a massive 74% to £1.5bn. | Meanwhile across London, fellow Russian billionaire and Arsenal shareholder Alisher Usmanov has seen his fortune drop a massive 74% to £1.5bn. |
| Completing the bad news for football-related businessmen is Newcastle United owner Mike Ashley, who saw his wealth fall by a half from last year, down from £1.4bn to £700m. | Completing the bad news for football-related businessmen is Newcastle United owner Mike Ashley, who saw his wealth fall by a half from last year, down from £1.4bn to £700m. |
| The richest British-born billionaire is the land and property owning Duke of Westminster, who has seen his wealth shrink to £6.5bn from £7bn. | The richest British-born billionaire is the land and property owning Duke of Westminster, who has seen his wealth shrink to £6.5bn from £7bn. |
| In fourth spot are Ernesto and Kirsty Bertarelli: the former Miss UK winner and her husband have a £5.6bn fortune based on pharmaceuticals. | In fourth spot are Ernesto and Kirsty Bertarelli: the former Miss UK winner and her husband have a £5.6bn fortune based on pharmaceuticals. |
| Their fortune has shrunk by a relatively modest 12% over the year. | Their fortune has shrunk by a relatively modest 12% over the year. |
| But it is not all gloom - the former boss of supermarket chain Morrisons, Sir Ken Morrison, has seen his fortune increase by 11%, making him worth £1.6bn. | But it is not all gloom - the former boss of supermarket chain Morrisons, Sir Ken Morrison, has seen his fortune increase by 11%, making him worth £1.6bn. |