What You Need To Know About The UK's Ultra Wealthy

LONDON, Oct. 21, 2015 /PRNewswire/ -- Nearly 80% of the ultra wealthy population in the United Kingdom amassed their fortunes through astute entrepreneurship, while just 13% inherited their wealth, a Wealth-X and UBS study reveals.

The report shows that the UK has 11,510 ultra high net worth (UHNW) individuals (defined as those with US$30 million and above in net assets) with a combined net worth of US$1.4 trillion. This makes it the European country with the second-largest UHNW population, behind Germany.

The UK is home to some high-profile and eccentric self-made billionaires. We feature some of them below:

The Retail Tycoon
Philip Green, owner, Arcadia Group
Net Worth: US$5.1 billion
Known For: High street brands like Toshop, Topman, and Miss Selfridge.
Fun Fact: Green is not a fan of smartphones or tablets. He doesn't allow gadgets in his meetings, not even calculators. He told a Financial Times reporter during an interview, "You've got to use this," pointing to his head.
For his dossier, click here.

The Airline Baron
Richard Branson, founder, Virgin Group
Net Worth: US$4.6 billion
Known For: Publicity stunts for the Virgin Group.
Fun Fact: Branson dressed up as a flight attendant and served passengers on an Air Asia charity flight from Perth to Kuala Lumpur after losing a bet with Air Asia's CEO Tony Fernandes on which of their teams would finish first in the 2010 Formula 1 Grand Prix in Abu Dhabi.
For his dossier, click here.

Billionaire Hedge Fund Boss
Crispin Odey, founding partner, Odey Asset Management
Net Worth: US$1 billion
Known For: Odey is known for his accuracy in predicting his investments. The billionaire hedge fund manager reportedly made £225 million (US$347 million) on the slumping Chinese stock market this year.
Fun Fact: Odey had a sausage named after him ("Odey Sausage"), which is made with organic pork from Ross-on-Wye in southeastern Herefordshire.
For his dossier, click here.

About Wealth-X
Wealth-X is the global authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Its award-winning research and thought leadership are regularly cited by the world's media such as CNBC, Financial Times, Thomson Reuters and BBC. Wealth-X has more than 250 staff in 10 global centers, including Singapore, London and New York (www.wealthx.com)

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SOURCE Wealth-X

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