How long till you are number 1?

wasp

Legendary member
5,107 879
Search the Sunday Times Rich List 2008

Rank

Name Worth Source of wealth
1 (1)
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Lakshmi Mittal and family £27,700m Steel
2 (2)
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Roman Abramovich £11,700m Oil, Industry
3
(3)
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The Duke of Westminster £7,000m Property
4
(4)
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Sri and Gopi Hinduja £6,200m Industry, Finance
5
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Alisher Usmanov £5,726m Steel, Mining
6
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Ernesto and Kirsty Bertarelli £5,650m Pharmaceuticals
7
(6)
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Hans Rausing and family £5,400m Packaging
8
(8)
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John Fredriksen £4,650m Shipping
9 (7)
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Sir Philip and Lady Green £4,330m Retailing
10
(9)
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David and Simon Reuben £4,300m Property
11
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Leonard Blavatnik £3,974m Industry
12
(12=)
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Sean Quinn and family £3,730m Property, Insurance
13
(12=)
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Charlene and Michel de Carvalho £3,630m Brewing, Banking
14 (15)
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Kirsten and Jorn Rausing £3,500m Inheritance, Investments
15
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Sammy and Eyal Ofer £3,336m Shipping, Property
16 (19)
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Vladimir Kim £2,987m Mining
17
(17)
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Earl Cadogan and family £2,930m Property
18
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Nicky Oppenheimer £2,870m Diamonds, Mining
19 (16)
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Joe Lewis £2,800m Foreign exchange, Investments
20 (11)
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Sir Richard Branson £2,700m Transport, Internet, Mobiles
21=
(5)
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David Khalili £2,500m Art, Property
21=
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Lev Leviev £2,500m Property, Diamonds
23
(42)
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Anil Agarwal £2,450m Mining
24
(20)
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Bernie and Slavica Ecclestone £2,400m Motor racing
25
(10)
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Jim Ratcliffe £2,300m Chemicals

Only a couple of investors in there too... We must be a nation of really sh1t traders! :eek:
 

Paul71

Senior member
2,056 412
Did you not view the extension supplement that goes with it mate? Check out...

238,567 = Paul71. Net worth, vauxhall Astra, old x reg (with baked bean tin exhaust). Business (sh*te trader). Owes banks. Astra to be liquidated. Prison sentence looming.
 

trendie

Legendary member
6,841 1,400
7 in the top 25 are involved in property. thats a hint to something isnt it? (notwithstanding the current (deep?) retrace)
 

Hoggums

Senior member
2,176 878
7 in the top 25 are involved in property. thats a hint to something isnt it? (notwithstanding the current (deep?) retrace)

If they haven't unloaded their property portfolio already then they'll be decending that list pretty quickly.

Also if you have a £1m house with a £900k mortgage - does that count as £100k or £1m of wealth in this list?
 
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Tenapenny

Experienced member
1,005 46
If they haven't unloaded their property portfolio already then they'll be decending that list pretty quickly.

Also if you have a £1m house with a £900k mortgage - does that count as £100k or £1m of wealth in this list?

Good point. A friend of ours owns 92 properties and they are nearly all mortgaged up to the hilt. He's been scratching around the last few weeks for money to pay the mortgage on a £1 million house he bought recently. Think he'll be looking for a cardboard box soon.
 

Lee Shepherd

Senior member
2,164 573
If they haven't unloaded their property portfolio already then they'll be decending that list pretty quickly.

Also if you have a £1m house with a £900k mortgage - does that count as £100k or £1m of wealth in this list?


It's net worth.
 

JTrader

Guest
5,741 506
Search the Sunday Times Rich List 2008

Rank

Name Worth Source of wealth
1 (1)
table_rank_white_same.gif
Lakshmi Mittal and family £27,700m Steel
2 (2)
table_rank_grey_same.gif
Roman Abramovich £11,700m Oil, Industry
3
(3)
table_rank_white_same.gif
The Duke of Westminster £7,000m Property
4
(4)
table_rank_grey_same.gif
Sri and Gopi Hinduja £6,200m Industry, Finance
5
table_rank_white_new.gif
Alisher Usmanov £5,726m Steel, Mining
6
table_rank_grey_new.gif
Ernesto and Kirsty Bertarelli £5,650m Pharmaceuticals
7
(6)
table_rank_white_down.gif
Hans Rausing and family £5,400m Packaging
8
(8)
table_rank_grey_same.gif
John Fredriksen £4,650m Shipping
9 (7)
table_rank_white_down.gif
Sir Philip and Lady Green £4,330m Retailing
10
(9)
table_rank_grey_down.gif
David and Simon Reuben £4,300m Property
11
table_rank_white_new.gif
Leonard Blavatnik £3,974m Industry
12
(12=)
table_rank_grey_up.gif
Sean Quinn and family £3,730m Property, Insurance
13
(12=)
table_rank_white_down.gif
Charlene and Michel de Carvalho £3,630m Brewing, Banking
14 (15)
table_rank_grey_up.gif
Kirsten and Jorn Rausing £3,500m Inheritance, Investments
15
table_rank_white_new.gif
Sammy and Eyal Ofer £3,336m Shipping, Property
16 (19)
table_rank_grey_up.gif
Vladimir Kim £2,987m Mining
17
(17)
table_rank_white_same.gif
Earl Cadogan and family £2,930m Property
18
table_rank_grey_new.gif
Nicky Oppenheimer £2,870m Diamonds, Mining
19 (16)
table_rank_white_down.gif
Joe Lewis £2,800m Foreign exchange, Investments
20 (11)
table_rank_grey_down.gif
Sir Richard Branson £2,700m Transport, Internet, Mobiles
21=
(5)
table_rank_white_down.gif
David Khalili £2,500m Art, Property
21=
table_rank_grey_new.gif
Lev Leviev £2,500m Property, Diamonds
23
(42)
table_rank_white_up.gif
Anil Agarwal £2,450m Mining
24
(20)
table_rank_grey_down.gif
Bernie and Slavica Ecclestone £2,400m Motor racing
25
(10)
table_rank_white_down.gif
Jim Ratcliffe £2,300m Chemicals

Only a couple of investors in there too... We must be a nation of really sh1t traders! :eek:

If not just Heirs and Heiresses, these are probably mostly people born into wealth, initially, with family resources to play/speculate with.
I doubt many have made it out of the flats and into the rich list. These people are likely to be playing with daddys money, and daddy was likely to be playing with grandfathers money etc.

At the end of the day knowone should need more than £2-3 million to see themselves comfortably through 50+ years.
But, good luck to those true entrepreneurs in the list, who managed to identify a market condition, and exploit it for all its worth, through honest, legal and morally acceptable endeavours, whether or not they came from the council estates or from a country manor.
But at the end of the day, they are all only human, just like the next person.
 

Lee Shepherd

Senior member
2,164 573
If not just Heirs and Heiresses, these are probably mostly people born into wealth, initially, with family resources to play/speculate with.
I doubt many have made it out of the flats and into the rich list. These people are likely to be playing with daddys money, and daddy was likely to be playing with grandfathers money etc.

At the end of the day knowone should need more than £2-3 million to see themselves comfortably through 50+ years.
But, good luck to those true entrepreneurs in the list, who managed to identify a market condition, and exploit it for all its worth, through honest, legal and morally acceptable endeavours, whether or not they came from the council estates or from a country manor.
But at the end of the day, they are all only human, just like the next person.


Hi Jtrader,

Good moral points you bring up but of course it is only in your opinion. Heres mine:

One problem we have with the £2-3 miliion to live on comfortably is that lest us not forget that half the worlds population (3 billion) live on less than $2 dollars per day. This beggers the question, do we actually need £2-3 million to live on comfortably? How many lives would this money save? But of course, we spend more on a pint of beer than is needed to feed a family and keep them alive for a day. Do we need that extra pint poisoning our bodies and shortening our lives when we could be saving a life.

Dont get me wrong here, this is my moral side kicking in, I smoke and drink excessively and waste good food at restaurants, but it does bring home when I spout this from my concious how very little I give to those who need it most.
 
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JTrader

Guest
5,741 506
I think its a minimum of 10m to cover inflation etc.....

If hyperinflation hits, then £2-3 million might not seem like a lotto. But, overall, i wouldn't be worrying too much about inflation.
If hyperinflation did occur, with my £2-3 million I'd own outright at least one property, that will always keep a roof over my head, and money in the bank gaining hyper-inflated interest rates.
Without hyperinflation, and under normal market conditions, I could stick £2 mill in the bank gaining an average of 5% interest perhaps over the long haul, thats £100k per year.
All i need to pay for now is food, clothing, other material objects, taxes, fuel, and entertainment.
And i always have the option of getting a normal job just like the rest of the population.
 

wasp

Legendary member
5,107 879
If hyperinflation hits, then £2-3 million might not seem like a lotto. But, overall, i wouldn't be worrying too much about inflation.
If hyperinflation did occur, with my £2-3 million I'd own outright at least one property, that will always keep a roof over my head, and money in the bank gaining hyper-inflated interest rates.
Without hyperinflation, and under normal market conditions, I could stick £2 mill in the bank gaining an average of 5% interest perhaps over the long haul, thats £100k per year.
All i need to pay for now is food, clothing, other material objects, taxes, fuel, and entertainment.

What about a yacht, fancy holidays, South Pacific Islands (cheaper than a 3 bed london semi btw!), first class fancy living, crystal champagne jacuzzis with the ladies, Aston Martins and casino nights.... What about the best for the kids futures, what about the wifes shopping trips... :eek:

We ae in the business where the limits are endless and I for one am taking advantage of this. If all I wanted was a decent salary and to get by, for the hours I work, I may as well get a normal job... **** that... I am in this for the money as much as anything else, and even after all the above shopping, I still want 5000 a week minimum till the day I die!

Certainly not gonna retire now with just a couple and have this thought in my head...................

And i always have the option of getting a normal job just like the rest of the population.

:eek::eek::eek:
 
 
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