The founder of Glasgow-based laser eye surgery business Optical Express has made his debut on the Sunday Times Rich List 2024.
The Danish billionaire is the chief executive of clothing retailer Bestseller - boasting brands such as Jack & Jones, which was founded by his father Troels Holch Povlsen in 1975. He also holds a large stake in online fashion retailer Asos. READ MORE: Glasgow police pledge crack down on 'disruption' amid Celtic title party and weekend heatwave
Highland Spring owner Mahdi Al-Tajir, whose value rose £4m to £1.6 billion, moves up one place into fourth, into the spot occupied last year by former Harrods owner Mohamed Al Fayed, who died in August 2023. This year's UK list sees the sharpest fall in the number of billionaires in its 36-year history, with the total number now at 165 compared with a peak of 177 in 2022.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.
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