The yearly Sunday Times Rich List was released this week with Sir James Dyson being placed at the top of the table out of a list of 1,000 of the richest people in the UK with an estimated wealth of £16.2bn.
Norfolk-born Dyson, who is well-known around the world for his vacuum cleaner made it to the top of the list which is compromised of assets and accounts made up to the end of April, largely due to the coronavirus pandemic with his company invited by British Prime Minister, Boris Johnson, to help produce ventilators. This was later dropped as the NHS had an excess of 11,000 ventilators even after Dyson has spent $20m on the emergency project.
In a message to staff, Sir James said that Dyson had “welcomed the government’s challenge and mercifully they are not required, but we don’t regret our contribution to the national effort for one moment.”
It is estimated that Sir Jim Ratcliffe who heads Ineos, a chemical company, headed the list in 2018 saw his net worth drop by £6b in a year, placing him in 5th place with an estimated wealth of £12.15bn. Such a mammoth loss probably will not make Sir Jim flinch too much with business life at times compared to gambling as one might do on mobile Blackjack.
The Sunday Times Rich List compiler, Robert Watts said: “Ever since the financial crisis of 2008-9, Britain’s wealthiest people have become richer and richer.
“Covid-19 has called time on their golden period. This year’s rich list paints a picture of Britain on the brink of calamity – two months after lockdown and already billions of pounds have been wiped out.
“You may not like the super-rich, but it is hard to deny that our economy will need the jobs they create and the taxes they and their companies pay if we are to escape a prolonged recession that causes further misery to millions.”
In case you were wondering the Queen is 372nd on the list with an estimated worth of £350m, so she isn’t going to be short of money, despite the current pandemic which is inflicting major economic repercussions across the world.