A number of Merseyside-based people and businesses have been named in the new Sunday Times Rich List.
The Sunday Times Rich List is the definitive guide to wealth in the United Kingdom and charts the richest 250 people in the country. It is based on identifiable wealth, including land, property, significant shares in companies and other assets. The list has been broken down to reveal the richest people in the north west of England.
Top of the north west pile this year is Preston-born hedge fund manager Michael Platt. The 53-year-old, who lives in Switzerland, has seen his fortune rise by £2 billion in the past year, he's now worth £10 billion. Cheshire-based Hugh Grosvenor, 31, The 7th Duke of Westminster, has lost the No 1 spot on the north west list after a fall in the asset value of his family’s vast property operation Grosvenor Group, which owns the Liverpool ONE shopping complex. The Westminster’s family's fortune is now £9.726 billion, down £328 million from last year.
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The highest ranked Liverpool name on the list is Tom Morris. The 68-year-old founder of city-based Home Bargains is £766 million richer this year with a family fortune that now stands at £5.127 billion.
Liverpool is also where fellow bargain shop B&M is headquartered. Simon, Bobby and Robin Arora, who grew up in Manchester inherited the chain from their father, have taken it from strength to strength. This year the family's wealth has risen by £19m to reach £2.543bn and plant them at 6th place on the north west rich list.
Peel Group boss John Whittaker has some important business interests in Merseyside. Namely the multi-billion pound Liverpool and Wirral Waters development schemes. His family are in eighth place on the north west list, with their wealth rising by £200m to reach £1.6bn.
Elsewhere, brothers Fred, 79, and Peter, 75, Done, who own the Warrington-based betting business Betfred and Manchester-based human resources outfit Peninsula, are now jointly worth £1.476 billion, an increase of £241 million on last year.
Two of the 10 wealthiest people in the Northwest in 2021 have lost their billionaire status. Matt Moulding, 50, founder of the Manchester-based online retailer THG, and his wife Jodie have seen their fortune plummet to £700 million from £2.1 billion a year ago. Manchester-based Mahmud Kamani, 57, who controls the internet fashion retailer Boohoo, has seen his family wealth cut by almost half to £720 million from £1.42 billion in 2021.
