The Weston family has strengthened its position as the richest name in fashion, as the Selfridges owners’ personal wealth increased £650m to £7.3bn, according to this year’s Sunday Times Rich List.
Galen and George Weston and family remained just outside the top 10, flat at number 11.
The Barclay brothers, who own Shop Direct, were close behind with a joint estimated net worth of £6bn – up £3.65bn thanks to a £1.2bn tax rebate from HMRC for interest on VAT repayments for Littlewoods, stretching back over 30 years. Sirs David and Frederick Barclay rose 14 places to number 16.
Arcadia boss Sir Philip Green and his wife Tina dropped five places to 21, with £3.8bn, with Sports Direct boss Mike Ashley’s net worth rising £1.45bn to £3.75bn, moving him up nine places to 22.
Kering chief executive Francois-Henri Pinault and his wife film star Salma Hayek were a new joint entry at number 40, with a joint worth of £2.385bn.
Former Harrods owner Mohamed al-Fayed and family dropped five places after his net worth declined £150m to £1.3bn. River Island founder Bernard Lewis also fell, by 16 places to 76, with a net worth of £1.25bn.
Meanwhile Pentland chairman Stephen Rubin fell 17 places to 92, with a net worth of £1.02bn.
Matalan owner John Hargreaves and family, which includes Nicole Farhi owner Maxine Hargreaves-Adams, also dropped 14 places to 98, valued at £1bn.