Hargreaves founder sees personal wealth jump to £1.5bn

Peter Hargreaves, the co-founder of Bristol-based Hargreaves Lansdown, has seen his wealth rocket to £1.5bn in the last year after shares in the business rose to an all-time high.

Hargreaves, who started the business over three decades ago and saw it float in 2007, has seen his personal wealth climb by £693m in the last year to £1.52bn, according to the latest Sunday Times Rich List. The gains for the 66-year old (pictured), who stepped down as chief executive in 2010 but remains on the board, come following a stellar year for the business he started from a bedroom back in 1981. Hargreaves Lansdown enjoyed a record quarter in terms of revenue at the tail end of last year, and despite fears about the impact of the Retail Distribution Review (RDR) on the business...