'Rich List' counts more than 100 UK billionaires

There are now 104 billionaires based in the UK with a combined wealth of more than £301bn, the list says. That means the UK has more billionaires per head of population than any other country, BBC News reports. London has more billionaires than any other city in the world with 72 - far ahead of nearest rival Moscow with 48. The Indian-born brothers Sri and Gopie Hinduja - who run the conglomerate Hinduja Group - top the list with a fortune of £11.9bn. Arsenal shareholder and Russian business magnate Alisher Usmanov fell to second after his estimated fortune dropped to £10.65bn. The Duke of Westminster is the richest Briton with around £8.5bn, leaving him 10th. Rising fortunes The number of billionaires living in the UK has jumped from 88 in 2013, according to the Sunday Times. Their combined wealth has also reportedly shot up from £245bn last year. It is the first time since 2008 that the minimum wealth of the 50 richest people in the UK has exceeded £1.5bn. A fortune of £1.7bn is now required to make the top 50 - up from £700m 10 years ago. New members of the list include West End producer Sir Cameron Mackintosh, who is now worth £1bn, and Jon Hunt, the founder of estate agents Foxtons who is worth £1.07bn. The wealthiest new entry is Carrie and Francois Perenco and their family, who own the London-based Perenco oil and gas operation and are worth an estimated £6.14bn. Other notable figures on the list include Chelsea Football Club owner Roman Abramovich (£8.52bn), Sports Direct owner Mike Ashley (£3.75bn) and Virgin Group founder Sir Richard Branson (£3.6bn). The full Sunday Times Rich List is published on 18 May. To read more go to