Britain's Richest 1,000 People Now Worth £519bn

Billionaire Britain: Rise Of The Super-Rich

Updated: 7:07am UK, Sunday 11 May 2014

More than 100 billionaires are now living in Britain - the first time the milestone has been reached.

According to this year's Sunday Times Rich List, 104 billionaires with a combined wealth of more than £300bn are now based in the UK - more than triple the number from a decade ago.

Britain has more billionaires per head of population than any other country, while London has more than any other city with 72.

Top of the list are the Indian-born brothers Sri and Gopi Hinduja, who have an £11.9bn fortune.

The pair run the global conglomerate Hinduja Group and saw their wealth increase by £1.3bn in the last year.

In second place is Russian business magnate and Arsenal shareholder Alisher Usmanov, who fell from the top spot after his fortune decreased to £10.65bn.

The richest Briton is the Duke of Westminster, who is 10th on the list with a fortune of £8.5bn.

Chris Dawson, who owns The Range discount store chain, saw his wealth rise by £695m in the last year to £1.28bn.

Jon Hunt, the founder of estate agents Foxtons, has a fortune of £1.07bn, a rise of £145m from 2013.

Mike Ashley, the founder of Sports Direct, and Virgin businessman Sir Richard Branson are also among the wealthiest 25 billionaires.

Ten years ago, a fortune of £700m was required to be among Britain's 50 wealthiest people.

Now it is £1.7bn - the first time since 2008 the minimum wealth of the top 50 has been more than £1.5bn.

The combined fortune of Britain's richest is now ahead of pre-recession levels of 2008.

Last year there were 88 billionaires, worth a total of more than £245bn.

A decade ago the number was 30, with a combined fortune of £65bn.

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