The collective wealth of the UK's top 1,000 multimillionaires grew by nearly £53 billion last year.According to The Sunday Times Rich List 2008, the cash boost means they now sit on a fortune of £412.8 billion - an annual increase of nearly 15 per cent.The UK is now home to some 75 billionaires - up from 68 in 2007 - 40 of whom arrived from overseas to settle in the country.Topping the list for the fourth year running is steel tycoon Lakshmi Mittal with a personal wealth of £27.7 billion, up more than £8 billion.He is followed by Chelsea owner Roman Abramovich. The Russian oil and industry tycoon saw his fortune increase from £10.8 billion to £11.7 billion this year.Among the fallers is Virgin boss Sir Richard Branson. The value of his transport, Internet and mobile phone empire fell by £400 million to £2.7 billion.It saw him slump from 11th in 2007 to 20th in the latest report.The owner of the strike-hit Grangemouth refinery, Ineos chemicals billionaire Jim Ratcliffe, experienced an even greater dive down the list.Higher energy costs and more competition from the Middle East resulted in Mr Ratcliffe falling from 10th last year to 25th.New entrants in this year's top ten include steel and mines magnate Alisher Usmanov comes in at five with £5.726 billion.One place below are Ernesto and Kirsty Bertarelli. The former Miss UK winner and her husband sit on a fortune of £5.65 billion built on pharmaceuticals.The top 1,000 wealth creators included 762 self-made millionaires.Britain's super rich needed a personal wealth of more than £80 million to feature in this year's list, up £10 million on last year.
ITN | April 27, 2008
