The North West entrepreneurs named in this year’s Rich List

The Sunday Times Rich List has been announced – revealing a long list of North West entrepreneurs who have grown their fortunes during the pandemic.

The list reveals that there are now a record 171 billionaires in the UK, with Ukranian-born Sir Leonard Blavatnik topping the pile as the richest person in the country.

With North West firms such as The Hut Group, EG Group, Boohoo and B&M having seen great success during lockdown, North West names feature throughout the 250-strong list.

Robert Watts, compiler of the rich list, said: “The global pandemic created lucrative opportunities for many online retailers, social networking apps and computer games tycoons.

“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.”

Here are the North West individuals and groups included in the annual list:

The 7th Duke of Westminster, Hugh Grosvenor

Net worth: £10.054bn

Rank: 12

The baby-faced seventh Duke of Westminster is the richest man in the North West.

He inherited the extraordinary fortune when his father Gerald Cavendish Grosvenor passed away in 2016.

The 7th Duke of Westminster, Hugh Grosvenor, arriving for a memorial service to celebrate the life of his father, the sixth Duke of Westminster at Chester Cathedral, Chester.
(Image: Peter Byrne/PA Wire)

Most of the Grosvenor family’s wealth comes from 300 acres of land and property in Belgravia and Mayfair.

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Michael Platt

Net worth: £8bn

Rank: 18

Born in Preston, Michael Platt is a billionaire hedge fund manager – and co-founder of BlueCrest Capital Management.

He spent a decade at JP Morgan before launching BlueCrest, which last year posted a 95% gain.

Sir Jim Ratcliffe

Net worth: £6.33bn

Rank: 25

Born in Failsworth, Lancashire, and the son of a joiner, Sir Jim Ratcliffe is the chairman and CEO of Ineos chemicals group.

Previously listed at number one in the list, he is now placed at 25.

Mohsin and Zuber Issa

Net worth: £4.68bn

Ranked: 37

Billionaire brother Mohsin and Zuber Issa – owner of EG Group and Asda – have had something of a whirlwind 12 months.

Mohsin and Zuber Issa built up their fortune from a single petrol filling station in Bury, Greater Manchester, that was bought for £150,000.

Brothers Mohsin and Zuber Issa
Brothers Mohsin and Zuber Issa
(Image: Lancashire Telegraph / SWNS.com)

The Blackburn brothers last month bought fast food chain Leon. They are reportedly close to agreeing a takeover deal for Caffe Nero too, and have just taken a stake in sportswear brand Castore.

Tom Morris and family

Net worth: £4.361bn

Ranked: 40

Liverpool businessman Tom Morris started the now-huge discount retail chain Home Bargains when he was in his early 20s – back in 1976.

It now has hundreds of stores UK-wide, employing tens of thousands of staff, with the single-biggest presence in his native Merseyside.

The firm is owned by Mr Morris’ company TJ Morris.

Simon, Bobby and Robin Arora

Net worth: £2.524bn

Rank: 64

Simon, Bobby and Robin Arora are the brothers behind B&M – the Merseyside-based discount retail giant that is now a familiar site in town centres and retail parks the length and breadth of the UK.

Having bought the struggling 21-store firm in 2005, it now boasts over 700 sites, with annual sales having topped £4bn this year.

Peter Hargreaves

Net worth: £2.41bn

Rank: 69

Peter Hargreaves co-founded financial services firm Hargreaves Lansdown back in 1981.

Born in Clitheroe, Lancashire, he is also a partner at Blue Whale Capital.

Matt and Jodie Moulding

Net worth: £2.1bn

Ranked: 78

Matt Moulding is founder and CEO of successful Manchester-based The Hut Group.

Last month, the Manchester-headquartered e-commerce giant confirmed that its revenue surged to more than £1.6bn during its latest financial year in what has been called a “milestone” period for the firm, which also saw it rack up losses of more than £500m.

Matthew Moulding
(Image: Publicity Picture)

Farhad Moshiri

Net worth: £2bn

Ranked: 82

Iranian billionaire Farhad Moshiri is most powerful man at Everton after buying a 49.9% stake in the Blues. The 60-year-old became the largest shareholder in the Goodison outfit, after months of speculation about a potential takeover.

Farhad Moshiri looks on during the Premier League match between Everton and Liverpool at Goodison Park on March 3, 2019
(Image: Simon Stacpoole/Offside/Getty Images)

Mahmud Kamani, Boohoo

Net worth: £1.422bn

Ranked: 118

Mahmud Kamani, 56, and his family’s stake in online fashion giant Boohoo is worth around £1bn.

From booming sales to allegations of modern slavery to buying up household brands Debenhams, Dorothy Perkins and Burton, the Manchester-based firm has not been far from the headlines for the past 12 months.

Mike Danson

Net worth: £1.408bn

Ranked: 119

Born in Wigan, Mike Danson is the owner of the New Statesman magazine, and last year took a stake in the Wigan Warriors Rugby League team.

John Whittaker

Net worth: £1.4bn

Ranked: 120

Born in Bury, John Whittaker is chairman of the Peel Group, the property company with most of its interests in the North West.

Fred and Peter Done

Net worth: £1.235bn

Ranked: 137

Born and raised in Manchester, Fred Done is CEO of bookmaker Betfred.

While he stepped down from the firm in 2021, he remains chairman. The firm has over 1,600 sites across the UK.

Lord Grantchester

Net worth: £1.2bn

Ranked: 138

Christopher John Suenson-Taylor, 3rd Baron of Grantchester, is a dairy farmer, politician and former director of Everton.

The grandson of John Moores, his family also founded the Liverpool-based Littlewoods football pools.

A Labour peer, he was also director of Everton until 2000.

Henry Moser

Net worth: £1.102bn

Ranked: 156

Henry Moser is founder and owner of Cheadle-based Together Financial Services.

He grew up in Bury and at 16, became a car salesman, before founding Together in 1974.

Steve Morgan

Net worth: £881m

Ranked: 185

Liverpool-based Steve Morgan is founder of the housebuilder Redrow plc and former chairman of Wolverhampton Wanderers.

Sir Paul McCartney and Nancy Shevell

Net worth: £820m

Ranked: 196

Beatles icon Sir Paul McCartney remains in the list’s top 250, with the Liverpool legend set to release a book later this year “tracing his life through his songs”.

Peter Green

Net worth: £805m

Ranked: 201

Peter Green, who is from Manchester, married mining tycoon Harold Mitchell’s daughter, and took over when she died in 1985.

Chris Oglesby

Net worth: £696m

Ranked: 228

Chris Oglesby is CEO of property firm Bruntwood, which earlier this year reported a “strong and resilient” 2020.

Bill, Will and Richard Ainscough and family

Net worth: £688m

Ranked: 229

Bill Ainscough and his sons Will and Richard own property businesses Wainhomes and Network Space.

Business Live – North West