Rich List: Odey's wealth drops £125m but Peter Hargreaves gains £165m

'Brexit boom' creates record wealth

clock • 3 min read

Many British business leaders have benefitted from a "Brexit boom" over the past year, according to The Sunday Times Rich List 2017, which reveals record wealth and more billionaires than ever before.

According to The Sunday Times Rich List, the UK's 1,000 wealthiest individuals and families have seen their combined fortunes jump 14%, or £83bn, to £658bn over the past year. They have benefitted from buoyant stockmarkets and a weaker pound since the Brexit vote, which has boosted the sterling value of their overseas investments. Among the beneficiaries has been Peter Hargreaves, who gave £3.2m to the leave campaign in last year's EU referendum; the largest individual donation. However, despite market turbulence following the Brexit vote, his wealth jumped by £165m in total, putting ...

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

European demand for private markets on the rise

European demand for private markets on the rise

Private equity most popular asset class

Patrick Brusnahan
clock 25 June 2025 • 1 min read
'Sweet spot' for short dated bonds as volatility grows and sales triple

'Sweet spot' for short dated bonds as volatility grows and sales triple

Sales hit £120bn over past year

Patrick Brusnahan
clock 24 June 2025 • 2 min read
Vanguard slashes fees on fixed income ETF ranges

Vanguard slashes fees on fixed income ETF ranges

Seven funds

Patrick Brusnahan
clock 23 June 2025 • 1 min read
Trustpilot