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Ray Kelvin and Mike Ashley scale the Sunday Times Rich List

Ted Baker chief executive Ray Kelvin was the highest climbing fashion name on the Sunday Times Rich List this year, as his wealth rose £135m to £231m.

Kelvin, who last year rose to take 13th place within Drapers’ Top 100, has rocketed up the list from number 553 to 347 as a result.

Sports Direct owner Mike Ashley also climbed the list thanks to a £550m increase in his personal coffers, taking his net worth to £2.3bn over the last year. Ashley came in at number 31 on the list, up from 36 last year.

But the Weston family, who own Selfridges and Primark, remained the highest ranking fashion retailers.

Galen and George Weston and their families, who also own luxury grocer Fortnum & Mason, came in at number 11. This represented a shift down one place from last year despite their wealth growing by £750m to £6.65bn.

Arcadia owner Sir Philip Green and his wife Tina Green were ranked number 16, with a combined wealth of £3.88bn. The couple has risen from number 17 and £3.3bn the previous year. The increase comes as Green sold a 25% stake in Topshop and Topman late last year, in a deal that valued the businesses at £2bn.

Just behind Green on the list was Nicky Oppenheimer, the owner of De Beers, who ranked number 17, down from number 14 last year, with an estimated wealth of £3.79bn.

River Island owner Bernard Lewis dropped two places in the list from 58 to 60 as his estimated wealth remained at £1.25bn.

Matalan owner John Hargreaves, whose family also owns menswear brand Wolsey and womenswear brand Fenn Wright Manson, was ranked at number 84 while former Harrods owner Mohamed al Fayed was placed at number 67.

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