Britain's wealthiest get richer by £64 billion in a year

Low Profile Jim Ratcliffe Founder Of Chemical Giant Is UK's Richest Man

The 11 billionaires, with a combined fortune of more than £16.2 billion, feature in the new edition of the Sunday Times Rich List, published on Sunday.

Jamie Oliver and fashion tycoon Sir Philip Green saw their fortunes drop.

His increased wealth is down to the successes of Ineos, the London-headquartered chemicals company which is now locked in a legal battle with the Scottish government over its moratorium on fracking.

Mr Ratcliffe, 65, spent the first ten years of his life in Failsworth, before moving to East Yorkshire.

In 2015, he said the United Kingdom could thrive outside the European Union. Several of them arrived here as refugees, the list compilers said.

"I just don't believe in the concept of a United States of Europe".

The Hinduja brothers, Sri and Gopi, who are worth £20.64 billion came in second place. Their fortune jumped by £4.44 billion on 2017, with their India-based vehicle manufacturer Ashok Leyland and Mumbai-based IndusInd Bank having a particularly successful year.

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Sir Len Balvatnik was listed in third place at £15.26bn, after being knighted this year for services to philanthropy.

Meanwhile, disgraced ex-BHS boss Sir Philip Green's wealth tumbled £787m to £2bn following sales failures at Topshop and Miss Selfridge, as well as a commitment to paying £363m to settle the BHS pension scheme.

Charlene de Carvalho-Heineken of the brewing dynasty was the highest ranked woman at number six.

Jamie Oliver fell off the list entirely, after problems at his restaurant group.

But who is the richest hedge funder in the UK?

Robert Watts, the compiler of the "Rich List" said, "If you're good enough, you're old enough".

Shadow Cabinet Office Minister Jon Trickett attacked the Sunday Times Rich List and accused the Conservatives of deliberately gifting tax cuts "worth tens of billions of pounds" to their "billionaire friends".

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