2020 list of UK's richest shows first fall in wealth in decade

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Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first ...

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British inventor James Dyson, founder of the Dyson company, topped the Sunday Times rich list for the first time AFP/Christophe ARCHAMBAULTLONDON: Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times reported in its Rich List 2020.

The paper credited his rise from fifth place in 2019 to both the strong performance of his businesses and the plummeting fortunes of other billionaires in the top 10. Steel baron Lakshmi Mittal was another to see the steepest falls in his fortune - nearly £4 billion - placing him 19th with a worth of £6.78 billion.

The paper noted at least 63 members of the list, including 20 billionaires, have sought to use a government-run furlough scheme which pays staff up to 80 per cent of their salaries up to £2,500 a month during the crisis.

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