Philip Green crashes out of billionaire section of Rich List - and is now worth merely £950m

Roman Abramovich moves upwards with a £11.2 billion a fortune, up £1.9 billion from last year


Sir Philip Green is no longer a billionaire, this year's Sunday Times Rich List has revealed.

The Topshop tycoon’s fortune has halved over the past year, leaving him and his wife, Tina, at 156th on the list, down from 66th last year.

His fortune has been estimated at £950m which means it is the first time in 17 years that Sir Philip has not been listed as a billionaire.

Sir Philip's company, The Arcadia Group, has been struggling with a pensions deficit and was described in the Rich List as "worthless".

Ukranian-born Sir Len Blavatnik, once Britain’s richest man, was ranked at number four in this year’s list with a fortune of £14.4bn.

The Warner Music Group owner slipped to fourth place after ranking third last year with a £15.3bn fortune.

Other appearances include Chelsea FC owner Roman Abramovich, worth £11.2bn this year, which is up £1.9bn from last year.

Also climbing the list with a £3.6bn increase in wealth are commodity businessmen David and Simon Reuben, born in Mumbai and descended from an Iraqi Jewish family. The brothers ranked second overall after their combined fortune rose to £18.7 billion.

Mikhail Fridman, Russian business magnate, investor and philanthropist was a new entry in the list at number 10.

He was listed as having a fortune of £10.9bn. Mr Fridman co-founded the £1 million Genesis Prize in 2012 alongside other prominent Russian-Jewish businessmen to recognise Jews who achieve notable success in their fields of endeavour.

Mr Fridman is a co-founder and trustee of the Genesis Philanthropy Group, which launched its grant making programme to support Jewish community life in the UK in 2017. 

The group has helped to fund well known communal organisations such as JLGB, PAJES, World Jewish Relief, and JW3. It also helps to support organisations which engage under-affiliated Jews with community life.

He holds strong views on Israel and staunchly supports Shoah education, as shown by his backing of a UK project to preserve survivors’ testimony.

In 2017 he supplied the funding required to complete the Forever Project of survivor testimony at the National Holocaust Centre in Nottinghamshire.

He is based in London, where his children go to school while he restores Athlone House in Highgate, north London, which was designed to resemble the Palace of Versailles.

The Ukrainian-born Mr Fridman is redesigning the home to  include an underground swimming pool, observatory room with views over London and lily ponds.

Media tycon Richard Desmond slipped from 52 to 58th in the list with an unchanged fortune of £2.6 bn.

International philanthropist, businessman and prominent public figure Moshe Kantor was a new entry in the list at number 53 with a recorded fortune of £2.992 bn.

Mr Kantor has served as President of the European Jewish Congress (EJC) since 2007 and has committed himself to fighting against antisemitism.

Mr Kantor is also committed to Holocaust Education founding the World Holocaust Forum (WHF) and the European Jewish Fund.

Lord Rothschild featured on the Sunday Times Giving List, which records the most generous individuals.

He featured at number 29, giving away 3.55 per cent of is £824 million fortune to Jewish education, arts and humanities charitys.

Other philanthropic entries included Heinrich Feldman and family at number 39, giving £4.9m of a £209m fortune to Jewish causes.

Sir Lloyd Dorfman, who featured at 147 in the Giving List, urged those who give large sums to charity to talk about their giving to encourage a national debate and bring awareness about the benefits of charitable donation.

Speaking to the Sunday Times, Sir Lloyd said: “We should make more effort in incentivising and celebrating those who give,” adding that people should be “applauding and encouraging others to come forward”.

Jewish actress Rachel Weisz, alongside her husband Daniel Craig, gave £0.4m of their £128mto educational causes.

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