Fashion’s high net-worth individuals have seen their fortunes rise in 2011 according to The Sunday Times Rich List, with Selfridges and Primark owners the Weston family and Sir Philip Green claiming the top fashion spots.
The Weston family, the Canadian billionaires behind department stores Selfridges, Brown Thomas and Holt Renfrew and Primark owner Associated British Foods, have topped the list of fashion billionaires in the Sunday Times Rich List for 2011, after their value rose £1.5bn to £6bn, placing them 9th in the overall list of the richest people in the country.
Arcadia owner Green has seen his fortunes increase by £95m this year to be placed joint 13th in the list, worth £4.2bn. The Sunday Times valued his retail empire at about £3bn and Green’s stake at £2.8bn. Meanwhile, other additional assets were worth £1.4bn.
Entrepreneur Mohamed al-Fayed benefitted from the £1.5bn sale of iconic department store Harrods to the Qatari royal family last year to claim the 46th overall spot in the rankings at a net-worth of £1.3bn
Matalan founder John Hargreaves found himself in the same spot as al-Fayed, £280m richer this year at an overall value of £1.3bn. In April last year, he refinanced the Skelmersdale-based value chain in a £525m deal that led to him taking a £250m dividend from Matalan.
SuperGroup’s three top executives Julian Dunkerton, James Holder and Theo Karpathios continued to dominate the upper echelons of the list, with chierf executive Dunkerton ranked 196th and worth £410m, and Karpathios and Holder at joint 376th worth £181m each.
Meanwhile, fortunes have been mixed for New Look founder Tom Singh who has been parachuted in to the value chain as interim chief executive following poor Christmas trading figures and a failed IPO. At joint 200th on the list, his worth fell £115m to £400m.
British Fashion Council chairman and owner of Aquascutum and Jaeger Harold Tilman was worth £330m in 2011, a £20m drop on last year, and a placing of joint 237th.
Per Una and Next founder George Davies, who has ended his womenswear venture GIVe, also saw his worth drop, by £20m to £100m and a joint 703rd placing on the list.
See below for the full fashion Sunday Times Rich List 2011.
|Rank 2011 (Rank 2010)||Name||Worth||Rise/Fall|
|1 (1)||Lakshmi Mittal and family, interest in Escada||£17,514m||Down £4.9bn|
|9= (7)||Galen and George Weston and family, owner Selfridges, Brown Thomas and Primark||£6,000m||Up £1.5bn|
|13= (9)||Sir Philip and Lady Green, Arcadia Group||£4,200m||Up £95m|
|46= (94=)||Mohamed al-Fayed and family, former owner of Harrods||£1,300m||Up £650m|
|46= (51)||John Hargreaves and family, Matalan owner||£1,300m||Up £280m|
|53= (45=)||Nick Wheeler and Chrissie Rucker founder Charles Tyrwhitt and White Company||£130m||Same|
|56= (61=)||Bernard Lewis and family, River Island||£1,150m||Up £230m|
|101= (103=)||Richard Caring||£700m||Up £100m|
|101= (214=)||Karl-Johan and Thomas Persson, investors in H&M||£700m||Up £380m|
|114= (596=)||Christina Ong and family, fashion designer||£650m||Up £540m|
|128= (103=)||Peter Simon and family, founder Monsoon||£600m||Same|
|134= (186=)||Stephen Rubin and family, Pentland Group||£570m||Up £210m|
|185 (164)||Mark Fenwick and family, Fenwick department store||£438m||Up £18m|
|196= (354=)||Julian Dunkerton, owner SuperGroup||£410m||Up £230m|
|200= (130)||Tom Singh and family, founder New Look||£400m||Down £115m|
|232= (186=)||David and Jacqueline Gold, founder Ann Summers||£340m||Down £20m|
|237= (189)||Harold Tillman, owner Jaeger and Aquascutum, chairman BFC||£330m||Down £22m|
|251 (751=)||Johnnie Boden and family, founder Boden||£310m||Up £221m|
|257= (229=)||Philip Day, Edinburgh Woollen Mill||£300m||Same|
|269= (251=)||Lord Alliance and family, N Brown||£290m||Up £25m|
|282= (281=)||Sir Paul and Lady Smith, menswear designer||£260m||Up £30m|
|376= (798=)||James Holder, SuperGroup brand and design director||£181m||Up £99m|
|376= (798=)||Theo Karpathios, Supergroup wholesale and international head||£181m||Up £99m|
|389= (1156=)||Nick Robertson, founder Asos||£177m||Up £123m|
|410= (405=)||Theo Paphitis, entrepreneur, former owner La Senza and founder of Boux Avenue||£170m||Up £10m|
|420= (398=)||Lance Clark and family, founder Clarks||£165m||Same|
|420= (459=)||David and Victoria Beckham, sports personality and designer||£165m||Up £20m|
|430= (714=)||Don McCarthy, chairman House of Fraser||£160m||Up £70m|
|457= (648=)||Tamara Mellon, founder Jimmy Choo||£150m||Up £48m|
|537= (1470=)||Raj Sehgal and Sanjeev Mehan, founders of supplier Visage||£130m||Up £88m|
|562= (523=)||David Reiss and family, founder Reiss||£125m||Same|
|582 (629=)||Lennie and Iain McGeoch, founders M&Co||£122m||Up £15m|
|583= (653=)||Richard Kirk, chief executive Peacocks Group||£120m||Up £20m|
|583= (688=)||Roger Bromley and family, founder Russell & Bromley||£120m||Up £25m|
|583= (540=)||Brian DeZille and family||£120m||Same|
|583= (596=)||Michael and Anthony Smith and family, founder ShoeZone||£82m||Up £10m|
|623= (794=)||Ray Kelvin, founder Ted Baker||£119m||Up £36m|
|703= (540=)||George Daviesfounder Per Una, Next, George at Asda and GIVe||£100m||Down £20m|
|809= (911=)||Frank Van Wezel, founder Hi-Tec||£88m||Up £16m|
|927= (1316=)||Keith Black and family, owner Regatta and Craghoppers||£75m||Up £27|
|927= (1093=)||Ian Grabiner, chief operating officer Arcadia||£75m||Up £17m|
|927= (new)||Lawrence Stroll, fashion investor, including Tommy Hilfiger||£320m||New|
|954= (1234=)||Peter Williams, founder Jack Wills||£73m||Up £23m|
|959= (964=)||Galen and George Weston and family, owners Selfridges, Primark Owner ABF||£6,000m||Up £6m|
|968= (923=)||Linda Bennett, founder LK Bennett||£70m||Same|