The latest annual Forbes rich list of billionaires around the world has just been released, Bill Gates is No.1 but we are more interested in a certain Mike Ashley at No.308.
The Newcastle United owner is ranked tenth in the UK with a fortune of $5.0bn.
This appears to show a drop from the previous year’s figure of $5.5bn. However, this is more the result of changes in the exchange rate, with this year’s $5.0bn equating to £3.24bn, whilst last year the $5.5bn equalled around £3.3bn.
To us mere mortals it is still telephone figures whichever figure you look at.
There has been an increase in the number of billionaires in the world from 1645 to 1826 in the space of the last twelve months. If any of you out reading this happen to be one of these newbies on the list then feel free to buy Newcastle United….
Below are the top ten richest in the UK, with their world ranking in brackets, according to Forbes, Mike Ashley has been overtaken in the world stakes by a few risers, going down from 256th richest to 308th.
The striking thing though about Ashley in the UK’s richest is that he is only 5o years old, with Philip Green (62) and Gerald Grosvenor (AKA Duke of Westminster 63) the only other two on the list who are under the age of 72 (no ages given for the Hinduja Brothers).
In other words, Mike Ashley has the scope and many years ahead of him to go and increase his wealth many times over, with Newcastle United seemingly still key to supporting all of his other brands with free advertising, plus banking the extra TV riches rather than investing in the playing squad.
Happy days…for some.
Figures are in $billions.
$15.0 Hinduja Brothers (No.63)
$14.0 David & Simon Reuben (No.76)
$12.8 Gerald Cavendish Grosvenor (No.87)
$7.2bn Charles Cadogan (No.188)
$6.1bn Bruno Schroder (No.234)
$5.5bn Joe Lewis (No.272)
$5.2bn Philip & Cristina Green (No.293)
$5.2bn David & Frederick Barclay (No.294)
$5.0bn Laurence Graff (No.304)
$5.0bn Mike Ashley (No.306)