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Fashion Fortunes from The Sunday Times Rich List

Sir Tom Hunter, owner of USC and Office, was the shock exit from The Sunday Times Rich List, which was published yesterday, while most of the other sector big hitters saw their wealth slashed as a result of the recession.

The Sunday Times said Hunter no longer qualified for the list after he pledged to give away his fortune to charity. It is worth noting that he has also left the list after a tough year for his retail investments including USC, which went into administration in December before being immediately rescued by Hunter’s private equity firm West Coast Capital.

In general, the branded fashion sector performed better for Britain’s wealthiest. Risers in the table included Stephen Rubin, the chairman of Pentland Group, which owns brands like Speedo and Boxfresh, while Supergroup founder Julien Dunkerton saw his wealth swell to £70m last year, thanks to the success of Superdry.

The biggest fallers in percentage terms were largely retailers including River Island founder Bernard Lewis and Monsoon founder Peter Simon, who both saw their wealth slashed by more than 50%.

House of Fraser chairman Don McCarthy was only “clipped by” £20m, despite of his links with collapsed investment firm Baugur.

See the table below for a detailed breakdown of the fashion fallers and risers in this year’s list.

NameCompanyWealthEstimated rise/fall on 2008% changeRankingLast year’s Ranking
Sir Philip and Lady Greenarcadia“>Arcadia Group£3.83bn-£500m-12%69
Sir David and Frederick BarclayShop Direct Group£1bn-£700m-59%=40=60
George Westonprimark“>Primark£900m£-100m-10%47=71
Bernard LewisRiver Island£770m-£850m-52%5143
Stephen RubinPentland Group£370m+£80m+22%=141287
Richard CaringInternational Clothing Designs£350m-£100m-22%=146=184
John Hargreavesmatalan“>Matalan£330m-£100m-23%=156=199
Lawrence StrollTommy Hilfiger, MichaelKors£319m+£132m+42%173=444
Tom SinghNew Look£315m-£149m-32%=174180
David, Ralph and Jacqueline GoldAnn Summers£300m-£150m-33%=178=184
Harold TillmanJaeger£295m-£70m-19%=201=244
Karl-Johan PerssonH&M£275m-£90m-25%=211=244
Peter SimonMonsoon Accessorize£250m-£350m-58%=222=138
Sir Paul and Lady SmithPaul Smith£230m-£30m-12%=243=312
Lord AllianceN Brown£208m-£172m-45%267=235
Theo PaphitisLa Senza£145m+£10m+7%=382=581
George Daviesformerly Per Una now Liverpool FC stores£105m-£15m-13%=510=644
David ReissReiss£105m-£20m-16%=510=616
Lennie and Ian McGeochM&Co£97m-£21m+18%=570=693
Richard KirkPeacocks£90m-£40m-31%=600=597
Don McCarthyHouse of Fraser£90m-£20m-18%=600=724
Jonnie BodenBoden£87m-£1m1%=648=912
Dame Margaret BarbourBarbour£85m-0%=657=924
Peter BromleyRussell & Bromley£80m-£24m-23%=694=777
Linda BennettLK Bennett£70m-£80m-53%=793=525
Julian DunkertonSupergroup (Cult Clothingand Superdry)£70m+£28m+40%=793=1,736
Christina OngClub 21£69m-£31m-31%=841=784
Nick Wheeler and Chrissie RuckerCharles Tyrwhitte and The White Company£63m-£31m-34%=906=854
Alison Goldberg and Sara PhillipsJane Norman£62m-£10m-14%=910=1,100
Ray KelvinTed Baker£58m-£29m-33%=966=915
John RobinsonJigsaw£55m-£10m-15%=986=1,197

Readers' comments (3)

  • A lot of these guys must be pig sick at how much money they lost last year. But let's face it they are still considerably richer than me! Good to see newer faces like Julian Dunkerton rising up the list. What a great job Superdry has done in young fashion. Was surprised to see he is worth more than Ray Kelvin though. Can that really be true?

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  • I can't believe Tom Hunter isn't on the list at all this year. It's fascinating to look at who is up and who is down the rankings. Most of them are up even though their wealth value is down. Peter Bromley lost more money than Don McCarthy last year. Something doesn't seem to add up there does it?

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  • This is such poor journalism, I'm amazed that anyone gives any credence to it. I've been personally involved with several personalities on the "Rich List" over the years, and in all cases, their "wealth" has been underestimated by at least 50%.

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