Richest 1,000 people own equivalent of a third of GDP

The richest 1,000 people in the country own the equivalent of a third of the country’s GDP, according to the Sunday Times.

The people on the annual Rich List, including Sir Richard Branson, Roman Abramovich and Sir Philip Green, have seen their wealth rise 15% in just one year, to £159bn.

Philip Beresford, who has compiled the Rich List since 1989, said: “I’ve never seen such a phenomenal rise in personal wealth as the growth in the fortunes of Britain’s 1,000 richest people over the past year.

“The richest people in Britain have had an astonishing year.

“While some may criticise them, many of these people are at the heart of the economy and their success brings more jobs and more wealth for the country.”

Nearly half of the list live in London – 438, with a total wealth of £331bn.

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