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| Wealth of UK richest 'climbs 20%' | Wealth of UK richest 'climbs 20%' |
| (about 2 hours later) | |
| The fortunes of Britain's wealthiest 1,000 people grew 20% in a year, the Sunday Times Rich List has revealed. | The fortunes of Britain's wealthiest 1,000 people grew 20% in a year, the Sunday Times Rich List has revealed. |
| It shows the combined wealth of the top 1,000 now stands at £360bn and there are 68 billionaires in the country - three times as many as in 2003. | It shows the combined wealth of the top 1,000 now stands at £360bn and there are 68 billionaires in the country - three times as many as in 2003. |
| Indian steel magnate Lakshmi Mittal is Britain's richest person with £19bn. | |
| Chelsea owner Roman Abramovich was ranked second. The Duke of Westminster, ranked third, was the only one in the list's top five born in the UK. | Chelsea owner Roman Abramovich was ranked second. The Duke of Westminster, ranked third, was the only one in the list's top five born in the UK. |
| Mr Mittal's fortune grew more than £4bn from £14.8bn in 2006, while Mr Abramovich's wealth remained at a hefty £10.8bn, the list suggested. | Mr Mittal's fortune grew more than £4bn from £14.8bn in 2006, while Mr Abramovich's wealth remained at a hefty £10.8bn, the list suggested. |
| The Sunday Times said Britain's richest had seen their fortunes grow faster than their equivalents in Europe and worldwide. | The Sunday Times said Britain's richest had seen their fortunes grow faster than their equivalents in Europe and worldwide. |
| The list compilers said the 20% rise in the UK's most wealthy compared to 14.8% rise in wealth of Europe's top 50 and an 8.3% increase in wealth of the world's richest people over the past 12 months. | The list compilers said the 20% rise in the UK's most wealthy compared to 14.8% rise in wealth of Europe's top 50 and an 8.3% increase in wealth of the world's richest people over the past 12 months. |
| Property boom | Property boom |
| The boom was underpinned by the "continued buoyancy of the property market", with 221 of the richest having made their money from property, the Sunday Times analysts said. | The boom was underpinned by the "continued buoyancy of the property market", with 221 of the richest having made their money from property, the Sunday Times analysts said. |
| This was up from 211 who made their money from property in 2006, they said. | This was up from 211 who made their money from property in 2006, they said. |
| They are led by the Duke of Westminster whose fortune grew from £6.6bn to £7bn, based on his property in London's Mayfair, Belgravia and estates in Cheshire, Lancashire and Scotland. | They are led by the Duke of Westminster whose fortune grew from £6.6bn to £7bn, based on his property in London's Mayfair, Belgravia and estates in Cheshire, Lancashire and Scotland. |
| Sunday Times Rich List 1. Lakshmi Mittal...£19.2bn2. Roman Abramovich..£10.8bn3. Duke of Westminster...£7bn4. Sri & Gopi Hinduja...£6.2bn5. David Khalili...£5.8bn6. Hans Rausing....£5.4bn7. Sir Philip and Lady Green..£4.9bn8. John Fredriksen...£3.5bn9. David and Simon Reuben..£3.4bn10. Jim Ratcliffe...£3.3bn | Sunday Times Rich List 1. Lakshmi Mittal...£19.2bn2. Roman Abramovich..£10.8bn3. Duke of Westminster...£7bn4. Sri & Gopi Hinduja...£6.2bn5. David Khalili...£5.8bn6. Hans Rausing....£5.4bn7. Sir Philip and Lady Green..£4.9bn8. John Fredriksen...£3.5bn9. David and Simon Reuben..£3.4bn10. Jim Ratcliffe...£3.3bn |
| The list suggested there were now 68 billionaires, born, living or making their money in the UK, 14 more than in 2006 and treble the number four years ago. | The list suggested there were now 68 billionaires, born, living or making their money in the UK, 14 more than in 2006 and treble the number four years ago. |
| Scotland also has its first homegrown billionaire in Sir Tom Hunter, whose £1bn fortune has been made from property and sports goods. | Scotland also has its first homegrown billionaire in Sir Tom Hunter, whose £1bn fortune has been made from property and sports goods. |
| Meanwhile, analysts said a growing number of super-rich foreigners were attracted to the UK by a generous tax regime. | Meanwhile, analysts said a growing number of super-rich foreigners were attracted to the UK by a generous tax regime. |
| As well as Russia and India, the wealthy from Scandinavia and France are also looking to base themselves in the UK. | As well as Russia and India, the wealthy from Scandinavia and France are also looking to base themselves in the UK. |
| The Sunday Times said Russian billionaire Mr Abramovich, 40, had endured a tough year that included his divorce from wife Irina. | The Sunday Times said Russian billionaire Mr Abramovich, 40, had endured a tough year that included his divorce from wife Irina. |
| However, the divorce settlement was "small change" for the Chelsea football club owner, who now spends most of his time in the UK, it said. | However, the divorce settlement was "small change" for the Chelsea football club owner, who now spends most of his time in the UK, it said. |
| Irina joined the 2007 Rich List on her own at 452, with a fortune of £155m. | Irina joined the 2007 Rich List on her own at 452, with a fortune of £155m. |
| Model and clothes designer Kate Moss joined the list's 100 richest women in Britain with her fortune of £45m. | Model and clothes designer Kate Moss joined the list's 100 richest women in Britain with her fortune of £45m. |
| Other climbers include Easyjet's Stelios Haji-Ioannu in 49th place with a personal worth of £1.29bn, singer Robbie Williams, ranked 755th with £95m, and David Beckham, placed 619th with £112m. | Other climbers include Easyjet's Stelios Haji-Ioannu in 49th place with a personal worth of £1.29bn, singer Robbie Williams, ranked 755th with £95m, and David Beckham, placed 619th with £112m. |
| X Factor and American Idol judge Simon Cowell saw his wealth balloon by £40m to about £100m. | X Factor and American Idol judge Simon Cowell saw his wealth balloon by £40m to about £100m. |
| Sir Richard Branson slipped two places to number 11, with his £3.1bn fortune. | Sir Richard Branson slipped two places to number 11, with his £3.1bn fortune. |