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By Karen Peattie BUSINESS leaders Lord Willie Haughey and Sir Tom Hunter have said people should be encouraged to be successful and not be penalised for making money during the pandemic. Discussing the recently published Sunday Times Rich list 2021, Sir Tom – at number 221 in the list – said he fully supported entrepreneurship and the creation of businesses and wealth as “it is what makes the world go round”. The Rich List identifies 171 UK billionaires, an increase of 24 on last year. Asked by Donald Martin, host of the Go Radio Business Show with Hunter & Haughey if the country should be imposing a temporary wealth tax on those who have profited from the Covid pandemic, Sir Tom said people with an entrepreneurial spirit should not be held back “as long as they pay all their taxes”.
Carol Kane, the co-founder of Boohoo, has just been named the most influential woman in UK retail, according to the Retail 100 list. H&M Group chief executive Helena Helmersson came in at 28.
UK billionaire wealth explodes amid devastation of the working class
Sunday Times Rich List. This is the biggest jump since 1989, when the
Sunday Times began cataloguing the fortunes of the UK’s super-rich.
The Rich List comprises the 1,000 wealthiest people or families resident in the United Kingdom ranked by their net wealth. The list is not limited to British citizens and includes individuals and families born overseas but who predominantly work and/or reside in the UK.
Leonard Blavatnik, 2018 (credit Wikimedia Commons-Mark Neyman/Government Press Office-Israel)
Overall, the richest 250 people on the Rich List increased their wealth by 16.3 percent, up to £658.1 billion.. The 171 billionaires increased their combined wealth by £106.5 billion (21.7 percent) to £597.3 billion.