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Birmingham Post
Birmingham Post
Business
Owen Hughes

These are the richest people in Wales in 2022

The richest people in Wales have been named - with five billionaires on the list.

Sir Michael Moritz is once again the most wealthy person in Wales, according to the new edition of The Sunday Times Rich List.

The 68-page special edition of The Sunday Times Magazine will reveal the wealth of the 250 richest people in Britain in its 34th annual edition.

There are a record 177 billionaires in the UK this year, up six from 2021.

The combined wealth of the UK billionaires is £653.122 billion, up £55.853 billion - 9.4 per cent, on the total wealth of the billionaires in last year’s Rich List.

Wales List

1. Sir Michael Moritz

Sir Michael Moritz (Getty Images for TechCrunch)

Source of wealth: Internet | 2022 wealth: £4bn | Yearly difference: Up £500m

Cardiff-born former journalist Sir Michael Moritiz, 67, and his American novelist wife Harriet Heyman have seen their fortune grow by £500 million in 12 months to £4 billion, thanks largely to savvy investment in successful internet businesses over 25 years by San Francisco-based Moritz.

2: Simon Nixon

Source of wealth: Internet and property | 2022 wealth: £1.925bn | Yearly difference: Up £125m

He made his fortune by co-founding the price comparison website, moneysupermarket.com in 1999 and has since made investments in technology firms and property.

3. Douglas Perkins and family

Source of wealth: Opticians | 2022 wealth: £1.33bn | Yearly difference: Up £130m

Llanelli-born Douglas, 79, and his wife Dame Mary Perkins, 78, and their family, who control the high-street operation Specsavers, have added £130m to their fortune in the past year and are now worth £1.330 billion. Douglas and Bristol-born Dame Mary. who are based in Guernsey, met while they were students at Cardiff University.

4: Sir Terry Matthews

Sir Terry Matthews (Western Mail)

Source of wealth: Telecoms | 2021 wealth: £1.23bn | Yearly difference: Down £10m

The 76-year-old entrepreneur, who owns the Celtic Manor resort in Newport, was Wales’ first billionaire, and has founded more than 100 companies.

5: David Sullivan and family

Source of wealth: Property, football and media | 2022 wealth: £1.118bn | Yearly difference: Up £78m

David Sullivan, born in Penarth, co-owned an adult magazine with his brother, which was sold in 2006. He also owned the Daily Sport and Sunday Sport newspapers, which he sold for £40m in 2007.

He is the joint-chairman and largest single shareholder of Premier League football team West Ham United.

6: Henry Engelhardt and Diane Briere de L'Isle

Source of wealth: Insurance | 2022 wealth: £956bn | Yearly difference: Down £170m

Henry Engelhardt, 64, the American co-founder of the Cardiff-based insurance company Admiral Group, and his French-born wife Diane Briere de L'Isle have lost their billionaire status. A fall in the value of Admiral shares has seen the philanthropist couple’s joint fortune drop by £170 million in the past year to £956 million.

7: Steve Morgan

Steve Morgan, former chairman of Redrow (Daily Post Wales)

Source of wealth: Construction | 2022 wealth: £789m | Yearly difference: Down £92m

The founder of Redrow has seen a fall in wealth of £92m in the past year but this includes major donations to causes like Covid recovery and to help Ukrainian refugees.

He founded the property firm in 1974 and it grew into one of the UK's most successful house builders before he retired in 2019.

He founded the Steve Morgan Foundation in 2001, to support charities that help children and families, people with physical or learning disabilities, the elderly, or those that are socially disadvantaged in Merseyside, Cheshire and North Wales. A lifelong Liverpool FC fan he unsuccessfully tried to buy the club on several occasions before eventually buying Wolverhampton Wanderers in 2007, where he stayed until 2016.

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