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Sunday Times Rich List – Sir Jim Ratcliffe remains richest man in North West despite losing £6bn

The combined wealth of all the people on the list is greater than the GDP of Poland.

Daisy Jackson Daisy Jackson - 17th May 2024

The Sunday Times Rich List has today been released, revealing that Sir Jim Ratcliffe remains the richest man in the North West, and third-richest in the country.

The annual list names the richest of the rich across the UK, and the combined wealth of the 350 individuals and families listed in 2024 amounts to more than the GDP of Poland at £795.361 billion.

As well as Sir Jim Ratcliffe, who remains on the Sunday Times Rich List despite losing more than £6bn this year, other famous names include David and Victoria Beckham, Sir Elton John, and Lord Lloyd-Webber.

As for The Sunday Times 40 Under 40 Rich List, famous faces like Harry Styles, Ed Sheeran, Dua Lipa, and Daniel Radcliffe.

Representing the wealthiest in the North West are Michael Platt, The Duke of Westminster and the Grosvenor family, and Home Bargains boss Tom Morris.

The billionaire Issa brothers who own Asda and founded EG Group complete the top five richest people regionally.

Local man Sir Jim Ratcliffe, who made his billions through chemical giant Ineos, has almost double the wealth of runner-up Michael Platt.

Harry Styles has made it onto the Sunday Times Rich List.
Harry Styles has made it onto the Sunday Times Rich List.

He recently ran the London Marathon at the age of 71 and secured a 25% stake of his childhood football club Manchester United.

The Duke of Westminster, who inherited his title and a huge land and property portfolio at the age of just 25, remains the richest person under 40 in the UK.

Now 33 years old and recently moved to Cheshire, his fortune now stands at £10.127 billion.

He’ll soon lose his title as the ‘UK’s most eligible bachelor’ though, with the Duke set to marry Olivia Henson at Chester Cathedral next month.

Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Sunday Times Rich List suggests Britain’s billionaire boom has come to an end. Many of our home-grown entrepreneurs have seen their fortunes fall and some of the global super rich who came here are moving away. 

“Thousands of British livelihoods rely on the super-rich to some extent. We’ll have to wait and see whether we have now reached peak billionaire, and what that means for our economy. 

“These may be harder times to create wealth, but The Sunday Times Rich List continues to unearth entrepreneurs building fortunes in diverse and often surprising ways. This year’s new entries include people who have made money from artificial intelligence and virtual worlds as well as plumbing supplies and teaching aides.  

“We know many of our readers find such people — especially those from humbler backgrounds — very inspiring.” 

The minimum entry to get onto the mega-rich list this year is a whopping £350m.

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Featured image: YouTube

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Greater Manchester Mayors deliver update on Salford Red Devils situation

Danny Jones Danny Jones Mayor Andy Burnham statement update after Salford Red Devils RFL meeting

Greater Manchester Mayor Andy Burnham revealed details from the minutes of his meeting with the Rugby Football League (RFL) over the August bank holiday, sharing key updates from the crucial sit-down in hopes of securing the future of Salford Red Devils.

The Mayor and his Salford counterpart, Paul Dennett, met with chief executive Tony Sutton and other key RFL figures to discuss the ongoing crisis at Salford Red Devils, who remain on the brink of collapse.

For context, amid growing financial pressures and having to loan players from other clubs to stay afloat, the club had to reassure fans that their most recent fixture this past weekend would even go ahead following the late cancellation of the previous round against Wakefield Trinity.

Supporters marched on the streets of 0161’s second city in the immediate aftermath, expressing their dismay at the continuing struggles both behind the scenes and off the pitch, and Burnham was quick to call a meeting with the RFL as a result. The fans have remained in full voice throughout.

Posting a joint statement on social media, the pair wrote: “We would like to take the opportunity to thank the RFL and clubs across the Super League for their ongoing commitment to assist Salford Red Devils in fulfilling all other fixtures and get the club to the end of the season.

“Following that meeting, we have requested a meeting this Friday with the Jacobsen Management Group, the current owners, to discuss our serious concerns over the future of the club.

“The impending HMRC court hearing, the failure to meet tax obligations, the delay in payment of wages, and the lack of financial investment have resulted in a complete loss of confidence in the ownership among fans and the wider Salford and rugby community.”

Stating that “Salford Red Devils [still] face an uncertain future”, leading fan group The 1873 confessed that while it has been seen as a “welcome step”, it nevertheless “felt short of reassurance and commitment we’d hoped for.”

In short, they said: “We will no longer sit back while the club we love is reduced to a shell by those who do not speak to us, do not listen, and do not understand what Salford means.” They also called out the somewhat one foot in, one foot out ownership group and so-called current ‘stewards’ of the club directly.

You can read their response in full down below.

Furthermore, Burnham and Dennett went on to add: “Following discussions between the parties involved, there is clear agreement that Greater Manchester Combined Authority, Salford City Council and the Rugby Football League are resolute in their commitment to safeguard the club.

“We are committed to working together to secure the long-term future of the club, to implement a city-wide rugby strategy, and to honour the generations of players, supporters, and communities who have carried its spirit through more than 150 years of rugby league.”

What about you, Salford Red Devils fans – what did you make of both statements, and how hopeful are you that the storm will clear around the club?

The latest on Salford Red Devils’ financial situation as ‘winding-up’ petition is adjourned

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Featured Images — Hullian111 (via Wikimedia Commons)/Scottish Government (via Flickr)

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Plans to expand Greater Manchester’s tram network progress after £6m funding boost

Emily Sergeant Emily Sergeant A Metrolink tram in Manchester city centre

Plans for new tram and train connections across Greater Manchester have taken a big step forward after a £6m funding boost.

Last month, Mayor Andy Burnham and local council leaders pledged for 90% of people in Greater Manchester to be within a five-minute walk of a bus or tram that comes at least every 30 minutes by 2030 – and now, plans to deliver this strategy are one step closer to becoming reality thanks to significant investment.

Transport leaders have now confirmed a pipeline of ‘rapid transit’ schemes for the future.

£6 million of funding was signed-off by the Bee Network Committee earlier last week, following plans being discussed by Greater Manchester Combined Authority (GMCA).

The work is all part of a wider plan, known as the Greater Manchester Strategy, to link every borough in Greater Manchester up the Metrolink network – with a long-term plan for major expansion of the Bee Network.

This funding boost comes after it was confirmed in early June that trams would finally be making their way to Stockport after long-time rumours.

Plans to expand Greater Manchester’s tram network have progressed after a £6m funding boost / Credit: TfGM

Some of the major projects this £6m funding will pay for advancing planning towards include finalising strategies for extending the Metrolink to Stockport from East Didsbury this autumn, with construction to begin in 2030, and beginning strategy work on the completion of the Metrolink Airport Line ‘Western Leg’ – which would serve a number of ‘key growth areas’ at the Airport, Wythenshawe Hospital, and Davenport Green.

Another important project the funding will go towards is the preparation of the Strategic Outline Case for expanding Metrolink connections to Salford Crescent and Salford Quays, and out to the north west of the region – including potential options for links to Leigh, Wigan, and Bolton.

Work will also continue on plans for an Oldham-Rochdale-Heywood-Bury tram-train route too – with Transport for Greater Manchester (TfGM) says its leaders are aiming for construction on the scheme to begin in 2028.

Mayor Andy Burnham says the funding with help connect all 10 boroughs to the Metrolink / Credit: TfGM

Even more importantly, early development work on plans for the recently-proposed new underground system can start thanks to the funding boost.

“Every part of our region needs to feel the benefits of Greater Manchester’s growth,” commented Mayor Andy Burnham.

“To make sure that happens, we’ve pledged to connect our people and communities to new opportunities better than ever before.

“We’re planning to connect all 10 boroughs to the ever-popular Metrolink network as part of a long-term, sustained expansion of the Bee Network.

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“This latest funding means we can develop the case for a pipeline of both tram and tram-train new lines and extensions – and ultimately underground infrastructure in the city centre – to make sure we get a public transport system befitting the global city region we are.”

Featured Image – Janus Boye

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