UK Rich List 2011 sees the rich increase their wealth

UK Rich List 2011 sees the rich increase their wealth 2Welcome to the luxurious report on the UK Rich List 2011

Its that time of the year again when we see who’s gone up and who’s gone down in the much awaited Sunday Times uk rich list 2011. I along with millions of others will be scanning the lists with great envy and thinking what it must be like to have so much money that you can keep spending and never run out! This years UK Rich list shows a real resurgence from the female rich both young and established. The top four richest women on the UK Rich List 2011 can be seen in more detail here.

The UK Rich List 2011

The UK Rich List is produced by the Sunday Times, it is a list that mainly concentrates on the Top One Thousand Rich / Wealthy people in the UK. To make the Sunday Times UK Rich List list 2011 you need to have a fortune of at least £70 Million Pounds. In 2010 the amount was Million and in 2008 the amount was £55 Million.

How is the wealth calculated?
The 2011 list is based on identifiable wealth, such as land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies, and excludes bank.

The uk rich list 2011 in detail

The UK’s super-rich have leap-frogged the recession and economic fears and problems and become even richer. Average worth for the UK’s Rich increased by 18% over the past year according to the much awaited Sunday Times UK Rich List 2011.
There are now 73 Billionaires in the UK, up from last years figure of 53, including the first female member of the Billionaire Club – Dame Mary Perkins of Specsavers fame. Dame Mary and family’s worth increased to £1.15 Billion, an increase of 42% over the previous year.

Dame Mary Perkins, seems to have led a charge, as there are now 108 Women in the list of the UK’s top 1000 Rich People, and interestingly this is the first time that the female proportion of the list has exceeded the O% mark.

Who is currently the UKs Richest Person in 2011.
The Richest person on the uk rich list 2011 for the seventh consecutive year is Lakshmi Narayan Mittal (born 15 June 1950), Chairman and CEO of ArcelorMittal, the worlds largest steel making company. Although his fortune has fallen by a massive £5 Billion, he still has a wealth of £17.5 Billion. The reason for the large  drop in his wealth was down to a fall in share prices, this share price drop also gave Mr Mittall the distinction of being the person on the rich list with the largest fall in overall wealth, along with having the fastest growing fortune of all the entries in this years list.

The person on the UK Rich List 2011 that saw the biggest increase in their wealth was Uzbek born, Russian based Alisher Burkhanovich Usmanov (born 9 September 1953). Mr Burkhanovich is, like Mr Mittal a steel magnate, and has further interests in Media and Communications. Mr Usmanov added a huge £7.7 Billion to his personal fortune which saw him jump to number two on the UK Rich List 2011, up six places from 2010. Roman Abramovich, owner of Chelsea football club is in third place on the rich list with a fortune estimated at £10 million.
The wealthiest British born person on the UK Rich List 2011 is Gerald Grosvenor, 6th Duke of Westminster, his wealth increased by £250 Million, but this did not prevent him leaving the vaunted top three position on the UK Rich List 2011 for the first time since 1999.

The richest female on the UK Rich List 2011 is Kirsty Bertarelli who has an estimated wealth of £6.9 billion, in a joint entry with her husband, Ernesto. Mrs Bertarelli is a former Beauty Queen and wrote the song ‘Black Coffee’ which was a hit for British Girl Band – ’All Saints’.

Other notable entries on the UK Rich List 2011
Of the 40 British born Billionaires on the list, notable people that made the UK Billionaire Rich List club are Lord Kirkham, a Tory Peer and former owner of the huge furniture group DFS, and the co-founder of Carphone Warehouse, Charles Dunstone.

David and Victoria Beckham are on the 2011 UK Rich list with a personal fortune of £165 million, Simon Cowell with £200 Million, Former Police front man Sting has £180 Million, Sir Mick Jagger £190 Million and Sir Paul McCartney with £? Million. Clive Calder is the richest person in the music industry on the UK Rich List with a personal fortune of £1.3 Billion from the sale of his record label Zomba Records back in 200.

Outside of the main top 1000 rich list and under the subcategory of Young Music Millionaires, a number of young female music personalities dominated this 2011 list including Welsh Singer Katherine Jenkins in at number one with a fortune of £13 million, Cheryl Cole of the band Girls Aloud, Katie Melua and Leona Lewis who also come in on the Young Music Millionaires list with £12 million each.

Asian Entries on the UK Rich List
Amongst the female super rich, the highest female entry in the uk rich listis Xiuli Hawken, s self-made Billionaire. Xiuli is the biggest shareholder in Renhe Commercial Holdings, which listed in Hong Kong in 2008 and runs shopping centers that occupy what were underground military shelters.

The Sunday Times Rich List 2011 is compiled by Philip Beresford.

Editorial Team

The independent luxury magazine showcasing the finest and most luxurious things in life. Luxurious Magazine travels the world visiting the best resorts, hotel and restaurants to see whether they warrant the 'Luxurious Magazine' seal of approval. We also feature the latest news, finest products and services, luxury events and talk to leading personalities and celebrities.