RETAIL ROYALS: The Sunday Times of London’s annual Rich List is out and Sir Philip Green, the Weston family and Nicky Oppenheimer are once again at the top of the heap among the fashion crowd. Galen and George Weston and their families, whose holdings range from Primark to Selfridges to Fortnum & Mason, are number 11 on the list, with a net worth of 6.65 billion pounds, or $10.11 billion. All figures have been calculated at current exchange.
The paper, which estimates individuals’ and families’ net worth based on information in the public domain, said that Galen saw his 5.1 billion pound, or $7.75 billion, personal fortune grow by 3 percent in the past year.
Green and his wife, Lady Green, came in at number 16, with a net worth of 3.88 billion pounds, or $5.90 billion, thanks to the expansion of Topshop’s parent Arcadia Group into foreign markets, including the U.S., Australia, Brazil and Canada.
The Westons and the Greens are the two richest families in British fashion, according to the paper. The Sunday Times also pointed out that Green has one of Britain’s fastest-growing fortunes, along with Sir Richard Branson, whose Virgin empire has given him a net worth of 3.51 billion pounds, or $5.34 billion.
Oppenheimer, whose family until recently owned De Beers, ranked at number 17, with a net worth of 3.79 billion pounds, or $5.76 billion.
The Sunday Times has also drawn up a list of the richest people in the world, and the top name is yet another retail family: the Waltons. The Wal-Mart tycoons have a net worth of 90 billion pounds, or $136.8 billion, followed by Inditex founder Amancio Ortega, who is worth 36 billion pounds, or $54.72 billion, and Stefan and Liselott Persson, the owners of Hennes & Mauritz, whose net worth is 21 billion pounds, or $31.92 billion.