Fortunes of UK online billionaires soar by a FIFTH during lockdown: Sunday Times Rich List reveals record 171 billionaires in Britain despite lockdown as Sir Leonard Blavatnik comes out top with £23bn wealth

  • Warner Music’s Sir Leonard Blavatnik topped the Rich List with a £23bn fortune
  • UK billionaires saw their fortunes soar from £106.5billion to £597.2billion in 2021
  • Losses noted for Philip Green, Duke of Westminster and Andrew Lloyd Webber

A record 171 billionaires in the UK saw their fortunes soar by more than a fifth as they shook off the financial toll of the pandemic, the Sunday Times Rich List reveals. 

Ukrainian-born Sir Leonard Blavatnik, 63, has topped the Rich List for the second time with his £23billion fortune following a £7.219billion leap in his wealth.

Overall, the number of UK-based billionaires has jumped by 24 per cent compared to 2020 in a stark contrast with the economic turmoil of a global crisis which saw millions enter furlough.  

But this had little impact on the very wealthiest, with the fortunes of billionaires increasing by 21.7 per cent over the year – from £106.5 billion to £597.2 billion.   

Blavatnik, 63, saw his personal wealth leap by £7.219billion, placing him at the top of the Rich List for the second time since 2015 – when he was worth £13.17billion.

The Ukrainian-born businessman made his fortune in the music industry, having cashed in a £1.377billion stake in Warner Music when it listed in the US last year.  

Despite his wealth, Blavatnik is understood to have furloughed a member of staff at the global sports subscription service DAZN during the pandemic. 

He took the title of UK’s richest man from Sir James Dyson, who slipped back to fourth in the table after his wealth only increased by £100million to £16.3billion.

The electricals entrepreneur was also beaten by property investors David and Simon Reuben, who reached the second spot after their wealth increased by £5.46billion to £21.46billion.

Meanwhile, Sri and Gopi Hinduja, who run the Mumbai-based conglomerate Hinduja Group, saw their fortune rise by £1billion to clinch the third spot.

Other notable billionaires to feature in the top 10 include Alisher Usmanov, who saw his wealth rise by £1.7billion after selling his 30 per cent stake in Arsenal football club.

Chelsea owner and fellow Russian Roman Abramovich also saw his fortune climb, rising by £1.9 billion to £12.1 billion for the year.

Further down the list, fashion magnate Sir Philip Green saw his fortune drop by £20million to £910million after his Arcadia fashion empire collapsed into administration in November.

(c) Mail Online.

2 comments

  • This is part of an article on todays Mail Online. The part I’m interested in is this Blavatnik guy. His Wiki entry is very revealing, and typical of how Russia are using the greed of the West.

    “Blavatnik was born in Odessa, Soviet Ukraine, to a Jewish family. He attended Moscow State University of Railway Engineering, but did not complete his coursework due to the family’s request for emigration visas. His family emigrated from the Soviet Union to the United States of America in 1978, and he received a master’s degree in computer science from Columbia University and an MBA from Harvard Business School in 1989.”

    This got my attention immediately. Nobody but nobody got a visa out of the USSR to go to the US. The migration policies of the former Soviet Union (or USSR) included a virtual abolition of emigration and immigration, an effective ban on private travel abroad, and pervasive bureaucratic controls on internal migration.

    “In 2011, Blavatnik donated to both President Barack Obama and his GOP rival, former Massachusetts governor Mitt Romney.

    Blavatnik, who is closely associated with Vladimir Putin, is one of the largest donors to the US Republican Party, and in 2015–2016 donated a total of $7.35 million to six Republican political candidates, including South Carolina Senator Lindsey Graham, Florida Senator Marco Rubio and Arizona Senator John McCain. In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. He also donated $1 million to the committee for the inauguration of Donald Trump. In August 2017, political scientist Bo Rothstein resigned from the Blavatnik School of Government out of opposition to Blavatnik’s politics.

    Blavatnik and his American wife, Emily, also donated to Democratic Party candidates Kamala Harris, Chuck Schumer, and Hillary Clinton.

    In 2017, after two senior Trump administration officials went on record as being lobbyists for Blavatnik’s Access Industries, Blavatnik was mentioned in investigations led by Special Counsel Robert Mueller into Russian donations to the administration. Since April 2016 Blavatnik contributed $383,000 to the Republican National Committee and $1 million to Trump’s inauguration fund. However, he did not give directly to the Trump campaign. Between 2015 and 2017, Blavatnik contributed $3.5 million to Republican Senate Leader Mitch McConnell’s super PAC.

    Blavatnik donated $5,200 to the Pete Buttigieg 2020 presidential campaign and $5,600 to the Joe Biden 2020 presidential campaign.”

    To top it all off Blavatnik is a friend of Israeli Prime Minister Benjamin Netanyahu.

    Blavatnik is also a longtime friend and business partner of Ukrainian-born Russian oligarch Viktor Vekselberg, one of Russia’s richest men, who is close to Russian President Vladimir Putin.

    Anyone think this guy is not working for Putler? He might have been born in Ukraine, but that’s the only good thing about him.

    Liked by 2 people

    • I must admit I had never heard of this guy before. He sounds like an arsehole though. A putinoid who buys influence all over the place to cover all the angles.

      Liked by 2 people

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