The UK’s 350 wealthiest individuals and families now have a combined wealth of £784bn, Sunday Times reports
A new name has appeared on the Rich List Top Ten this year – Christopher Harborne.
According to The Sunday Times Rich List, the Thailand-based investor’s estimated wealth of over £18bn makes him the wealthiest British-born entrepreneur.
Harborne, 63, has lived in Thailand for nearly 30 years. Many of his companies are based in countries where obligations to report profits, revenues and other financial information are less onerous than in the UK. This has long posed significant challenges for anyone trying to assess his personal fortune.
His easiest to identify asset in the UK is his holding in QinetiQ, a Hampshire-based defence contractor listed on the London stock market and a member of the FTSE 250 index. Harborne is the biggest shareholder in the company, owning a 14.2 per cent stake that was worth £357 million when the Rich List was compiled.
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The UK’s 350 wealthiest individuals and families now have a combined wealth of £784bn, Sunday Times reportsA new name has appeared on the Rich List Top Ten this year – Christopher Harborne.According to The Sunday Time...
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