The Sun
Summary:
The top 1,000 of the super-rich in the UK added almost £53 billion to their collective wealth last year. Together they now own a fortune of £412.85 billion. That is a 15% increase in the last year. Of all the 1,000 wealth creators in the Sunday Times Rich List there are 762 self-made millionaires. The UK now has about 75 billionaires, 40 of those billionaires arrived from overseas to build their empire in the UK. Those 40 billionaires are one of the biggest reasons why the super-rich became even richer.
Just to be mentioned in the Sunday Times Rich List 2008 you have to have a fortune of at least £80 million instead of the £70 million you needed in the list of 2007. Steel tycoon Lakshimi Mittal leads the list with £27.7 billion and that is £8 billion more than he had the year before. He has been number one on the list for 4 years now.
Opinion:
When I read this article it makes me all warm and fussy inside. It’s just great to know these people, who need the money the most, get what they wanted. I am joking of course, these millionaires just don’t need more money. They have more money then they can ever spent while on the other side of the world their are people dying of hunger and thirst. This still amazes me. I just hope that these so-called billionaires give a lot of money to charity because what is a couple of million more or less to the richest people of the UK.
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1 comment:
An important reason why the rich are getting richer and the poor are getting poorer is because of interest. The rich people can leave a large part of their money on the bank and will get interest. Also they can give loans to people and receive interest. Poor people have to lend money and have difficulty paying for the interest. There had been an experiment in which villages (I believe in Germany) had to pay for the money they kept in the bank. This way people were stimulated to spend their money. Of course people always need to have some savings, but a few million or billion is too much. The experiment was found successful but of course the rich would never allow such a change of our system.
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