Sir Jim Ratcliffe named UK's second richest person after wealth surges by £23bn

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Sir Jim Ratcliffe named UK's second richest person after wealth surges by £23bn
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Sunday Times Rich List 2023: Sir Jim Ratcliffe becomes UK's second richest person after his wealth surges by £23bn

Sir Jim Ratcliffe - who is vying to take over Manchester United - has been named as the UK's second richest person after his wealth surged by over £23bn.

Sir Jim grew up in a council house and earned pocket money as a teenager selling Golden Goal lottery tickets outside Hull City's ground. The Duke of Westminster and the Grosvenor family, who own the likes of Liverpool ONE, increased their wealth by £152m to £9.878bn, according to the 2023 list. Tom Morris, the founder of Liverpool-headquartered Home Bargains, increased his and his family's wealth by £1.006bn to £6.133bn in the year.

His chain of 575 stores now employs nearly 30,000 people. Home Bargains paid out a £30m dividend to him and his family last year, making Mr Morris the wealthiest Liverpudlian in history. The Sunday Times Rich List charts the wealth of the 350 richest people in the UK and is complied by Robert Watts. The 35th edition of the list includes 171 billionaires, down six from 2022, the first fall for 14 years.

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