editor
hiraethified
They get richer while billions starve. Utter filth.
Sir Leonard Blavatnik has topped the latest Sunday Times Rich List, having seen his fortune swell to £23bn.
The Ukranian-born oil and media magnate, who also owns Warner Music, saw his wealth surge by £7.2bn during the year.
He took the title from Sir James Dyson, whose wealth rose by only £100m to £16.3bn, leaving him in fourth place.
There are now a record 171 billionaires in UK, with their wealth rising 21.7% during the pandemic to £597.2bn.
Mr Blavatnik made his fortune in Russia where he owned stakes worth billions of pounds in companies selling metal and oil. He is a notoriously-private man, and holds both US and UK citizenship.
His wealth was boosted by the proceeds of a £1.37bn stake in Warner, which he received when it listed on the stock market in the US last year.
"The fact many of the super-rich grew so much wealthier at a time when thousands of us have buried loved ones and millions of us worried for our livelihoods makes this a very unsettling boom," said Robert Watts, compiler of the annual index of the country's wealthiest residents.
"The global pandemic created lucrative opportunities for many online retailers, social networking apps and computer games tycoons."
Growing fortunes
Property investor brothers David and Simon Reuben were in second place after their fortune grew by £5.46bn to £21.46bn.
Sri and Gopi Hinduja, who run the Mumbai-based conglomerate Hinduja Group, took third spot after their wealth rose by £1bn.
Steel magnate Lakshmi Mittal, in fifth place, saw the biggest rise in wealth of any billionaire in the past 12 months, with gains of around £7.9bn, largely based on the rise in value of his ArcelorMittal steel-making business.
Chelsea owner Roman Abramovich was in eighth position after his fortune rose by £1.9bn to £12.1bn.
Leonard Blavatnik named UK's richest person with £23bn fortune
Sir Leonard Blavatnik topples Sir James Dyson as the UK's richest person, according to the Sunday Times Rich List.
www.bbc.co.uk