Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times reported in its Rich List 2020.
British inventor James Dyson, founder of the Dyson company, topped the Sunday Times rich list for the first time. AFP/File/Christophe ARCHAMBAULT
More than half of the billionaires in Britain had seen drops in their worth by as much as £6bn, a decrease in their collective wealth unprecedented since 2009 and the financial crisis. The Hinduja brothers, who topped last year’s list with a £22bn fortune, saw among the biggest falls in worth — £6bn — and are now ranked jointly second with entrepreneurs David and Simon Reuben.
In total, the 2020 list calculated the combined wealth of Britain’s super-rich to be £743bn — £29bn less than last year.Its number of billionaires dropped by four to 147 but London remains the billionaire capital of the world, with 89 born, living or with a significant chunk of their assets based in the city.
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