A heavy blow to the richest of Britain’s .. 65 billion dollars in losses

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Source: London – France Press

Britain’s biggest wealthy lost part of their money in 2020 for the first time in more than 10 years due to the Covid-19 epidemic, the Sunday Times reported.

And the report that the newspaper publishes annually since 1989 on the wealthiest thousand people in Britain, that these private or family wealth declined by 54 billion pounds (65.4 billion dollars) in just two months.

In sum, the cumulative value of the total wealth of the wealthiest of the wealthy of Britain was 743 billion pounds ($ 900 billion) in 2020, down 29 billion from a year ago.

This is the first time since 2009 that the cumulative value of the wealth of this wealthiest population in Britain has declined. More than half of these people have lost part of their money this year.

With a fortune of 16.2 billion pounds, inventor and industrial James Dyson topped the ranking after he was in fifth place last year.

This pioneering industrial in the field of household electrical appliances has benefited from the good performance of its companies and the problems faced by other billionaires.

The two Indian industrial poles, the Sri and Gobi Hinduja, who topped the rankings in 2019, fell to second after losing six billion pounds this year, in the biggest decline in wealth in the ranking.

Their fortune is estimated at 16 billion pounds, equaling it with two other brothers, businessmen David and Simon Roeben.

Among other billionaires, steelmaker Lakshmi Mittal lost 4 billion pounds and ranked nineteen.

In 2020, Britain is 147 billionaires, four people less than last year. London remains the global capital for billionaires, with 89 of them residing.

And the “Sunday Times” commented that “the first detailed analysis of people’s money, the super-rich since the start of the Covid-19 epidemic, fueling fears of a deep and long-term recession.”

The British newspaper pointed out that at least 63 people on the list, including 20 billionaires, have used public funds for their employees during the crisis, and they provide workers with 80% of their salaries up to 2500 pounds per month.

“Why don’t they pay out of their own money instead of ordering ordinary families to do it on their behalf?” Carris Roberts, director of the Public Policy Research Institute, told the Sunday Times.







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