THE WEALTH DIARIES: The 2017 Sunday Times of London Rich List is out, ranking British — and international — billionaires and millionaires whose wealth reflects the shape-shifting world economy over the past 12 months.
The 29th annual edition of the list includes Britain’s 1,000 richest people, and the compilers argue that many of the 134 billionaires were able to amass even more wealth from the “post-Brexit boom” last year, which fueled the stock market and pushed down the value of the pound. New money, they said, came mainly from the city of London, property and manufacturing.
“While many of us worried about the outcome of the EU referendum, many of Britain’s richest people just kept calm and carried on making billions,” said Robert Watts, who compiled the list.
A sidebar to the main story is the International Rich List, which is even more interesting than the British one. At number one is the Walton family, owners of Wal-Mart Stores Inc., whose net worth is estimated to be 100.6 billion pounds, or $ 136.82 billion; at number four is Inditex owner Amancio Ortega, with a fortune of 63.5 billion pounds, or $ 86.36 billion; while at number 12, there’s Bernard Arnault, whose net worth is calculated to be 35.2
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