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

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

  • 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

Bestinvest's bi-annual Spot the Dog finds over £45bn is still in underperforming portfolios

Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

clock 08 August 2022 • 4 min read
The £237m Baillie Gifford British Smaller Companies Fund was rated as not providing value.

Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

clock 08 August 2022 • 2 min read
Royal London group chief executive Barry O'Dwyer

RLAM AUM shrinks 9% in H1 but sustainable funds remain popular

9% decline in AUM

clock 05 August 2022 • 2 min read
Trustpilot