Odey slips from billionaire to multi-millionaire in Rich List; Peter Hargreaves' wealth jumps by £256m

Challenges to the UK's wealthiest

katrina Baugh
clock • 4 min read

Hedge fund manager Crispin Odey and wife Nichola Pease have dropped out of the top 100 in this year's The Sunday Times Rich List, as a number of the UK's wealthiest individuals have been hit hard by issues including the steel crisis and plunging commodity prices.

Ten billionaires on last year's list are no longer billionaires, which is the biggest fall since the financial crisis. They include Odey (pictured); Matalan founder John Hargreaves; steel maker Lord Paul; and two executives at commodities giant Glencore, Telis Mistakidis and Alex Beard. View The Sunday Times Rich List in full here (subscription required) A difficult year for some of Britain's wealthiest individuals has contributed to the first levelling of wealth for this group in six years, according to The Sunday Times. Names among the hardest hit include steel billionaire Lak...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Terry Smith adds US semiconductor firm to Fundsmith Equity

Terry Smith adds US semiconductor firm to Fundsmith Equity

Second unnamed holding

Eve Maddock-Jones
clock 03 May 2024 • 2 min read
Church House Investments adds global equity strategy to fund line-up

Church House Investments adds global equity strategy to fund line-up

First fund launch in 17 years

Sorin-Andrei Dojan
clock 02 May 2024 • 2 min read
RSMR awards rating to £300m AXA Global Short Duration Bond fund

RSMR awards rating to £300m AXA Global Short Duration Bond fund

'Low-risk' income solution for cautious investors

Valeria Martinez
clock 01 May 2024 • 2 min read
Trustpilot