The Sunday Times Rich List has been revealed for 2022 – and it shows that the wealthiest people in the UK have grown their fortunes to a record £170 billion this year.
The annual list details the wealthiest 250 people in the UK and, alongside the current Chancellor of the Exchequer, this year’s super-rich list features ten people from the North West – including a couple of lads from Salford.
According to The Times, Rishi Sunak is the first-ever frontline political figure to feature in its list since it began in 1989. He and his wife, Akshata Murty, join the 2022 list with a combined £730m fortune just days after the Chancellor told people the ‘next few months will be tough’.
This year’s list also includes a record number of 177 UK billionaires, six more than in 2021,
The full list, now in its 34th year, shows that whilst millions in the country are enduring extreme hardships as UK inflation hits its highest rate in 40 years, those at the other end of the scale are still enjoying all the spoils of the free market.
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As The Timesitself states: “This year’s analysis shows a golden era for the super rich has continued unchecked.
“This year’s top 250 now have more wealth than the entire 1,000 entries of the 2017 Rich List.”
On the 2022 North West list, Michael Platt, a 53-year-old Preston-born hedge fund manager and Tory donor who resides in Switzerland, has seen his fortune rise by £2bn in a year to make him the wealthiest in the region.
In 2020, Platt’s hedge fund BlueCrest Capital Management was fined $170million for misleading its investors and was accused of using a separate fund, run by its top traders, that invested employee’s money.
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Platt has knocked the Cheshire-based 7th Duke of Westminster, Hugh Grosvenor, off the top spot – placing Prince George’s billionaire godfather at second place in the North West with a fortune of £9.726bn.
In third place is Jim Ratcliffe, the Oldham-born CEO of the Ineos chemical group. Worth £6.075bn, he has recently made headlines for making a failed bid to buy Chelsea football club – leading to speculation that he may now turn his attention to Manchester United instead.
63-year-old Liverpudlian Tom Morris, the founder of the ever-popular Home Bargains, is fourth on the regional list – £766 million richer than last year.
Rochdale brothers Mohsin and Zuber, the Lancashire-born founders of Euro Garages and new majority shareholders in Asda, have increased their wealth by £50m. The duo is now worth £4.73bn.
Sixth on the list are B&M founders Simon, Bobby and Robin Arora with a combined wealth of £2.543bn, followed by former Trafford Centre owner John Whittaker (of the Peel Group) at £1.6bn.
Henry Moser of Cheadle-based finance group Together sits in ninth place with a fortune of £1.565bn, and last on the list are Fred and Peter Done, owners of the bookmaking chain Betfred.
The Rich List bases its findings on what is called ‘identifiable wealth’, meaning that which can be publicly seen. This includes values of land, property, art, horses, and shares in public companies.
The paper is unable to access bank accounts or other private finance records. The full list can be viewed on The Times website here.
Feature image – Flickr / Wikimedia Commons / Wikipedia
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You can step inside a fashion show with Vogue’s immersive ‘Inventing the Runway’ show in Manchester
Thomas Melia
A Vogue immersive show titled ‘Inventing the Runway’ has arrived Manchester, and it’s even co-created by Anna Wintour herself.
Ever fancied learning more about the fashion world? Well, now’s your chance to hear everything you need to know from global fashion leaders and lifestyle magazine Vogue.
The Anna Wintour-approved immersive experience comes alongside the announcement of Factory International‘s Winter lineup, which features another new event all about voyaging to the moon.
Vogue: Inventing the Runway incorporates interviews, visual media and more to help attendees visualise fashion shows of the past, present and future.
Visitors will be surrounded by incredible visuals on all sides (including underfoot), fully stepping inside the world of high fashion.
As well as understanding how fashion shows became the pinnacle of a designer’s vision, this runway-themed display also includes looking back at iconic moments of fashion and pop culture.
‘Inventing the Runway’ by Vogue is focusing on outfits worn by models and A-listers alike, with narration from the one and only Cate Blanchett.
A glimpse inside Vogue: Inventing the Runway. Credit: The Manc Group
You can expect to see curated pieces by significant creative minds in fashion history like Alexander McQueen, Balenciaga, Stella McCartney, Vivienne Westwood and lots more.
Throughout the Vogue experience, as well as coming visually face to face with fashion, you will also hear a soundscape that perfectly reflects this innovative industry with a fusion of classical and pop music.
This fashion exhibition uses the same Lightroom technology behind the impressive David Hockney experience that opened back in December.
Anna Wintour, Chief Content Officer, Condé Nast, and Global Editorial Director, Vogue said: “At Vogue, we’ve been lucky enough over the decades to see many incredible runway shows, which have often told the story of fashion as much as the clothes themselves.”
“This Lightroom experience is a wonderful opportunity for a lot more people to experience first-hand the thrill of watching the history of fashion unfold right in front of them.”
You can experience Vogue’s ‘Inventing the Runway’ immersive show from 18 December to 10 January.
Find out more information and grab your tickets HERE.
Record 37.5 million journeys home for Christmas expected before the big day
Emily Sergeant
Drivers are being told to prepare for long queues, as a record number of festive trips are predicted across the UK ahead of the big day.
With the festive season generally known to make the roads nationwide busier than usual, travel warnings have now been issued to all those making Christmas getaway trips for the holidays – with an annual study by the RAC and INRIX suggesting that 37.5 million journeys are planned before Christmas Day arrives.
With Christmas falling mid-week again this year, the figures are suggesting that drivers are keen to set off early to avoid what will be an undoubtedly frantic coming weekend on the roads.
Around 18% of getaway journeys are expected to be made today and tomorrow (Wednesday 17 and Thursday 18 December, respectively).
But, the RAC expects the main wave of festive journeys to start this Friday (19 December) with a whopping 3.6 million trips planned, before this escalates even further to 4.1 million on Saturday (20 December).
A record 37.5 million journeys home for Christmas are expected before the big day/ Credit: Highways Agency (via Unsplash)
The figures predict this will be the busiest Saturday of any Christmas getaway period since its records began in 2013.
Approximately 3.5m journeys are then expected on Sunday (21 December), while a further 5.3 million trips are set to take place at some point between 19 and 21 December, although drivers haven’t decided what day they’ll travel yet.
According to the RAC’s research, there will then be a slight lull in festive trips at the start of Christmas week – with Monday and Tuesday being normal working days for many people – however, volumes of traffic could be at their highest since COVID on Christmas Eve when 4.2 million getaways are expected, making it the single busiest day for getaways over the period.
When it comes to the best and worst times to travel over the festive period, the research has revealed that the times to avoid when travelling along major routes will be from 4:30pm onwards, with queues of more than half an hour expected in Manchester on the M60 clockwise from J7 Altrincham to J18 for the M62 for Leeds.
On the two busiest days over the getaway period – this coming Saturday (20 December) and Christmas Eve – the RAC and INRIX are advising drivers to expect lengthy delays on major roads between 11am and 7pm, as this is when most journeys will be made.
After the big day, drivers are expecting to make 4.6 million journeys on Boxing Day and 4.1 million on Saturday 27 December, as they travel home or continue their celebrations elsewhere.
Georgina Pellant -
20th May 2022 
