Sir Phillip Green has topped Britain’s first ever ‘Rags to RichList’, closely followed by Sports Direct baron Mike Ashley and Virgin billionaire Sir Richard Branson.
The list released today by Start Up Loans was compiled by looking at British business people’s initial capital and what they are worth today. With just a £20,000 loan to start his first business, Sir Philip Green went on to take over the Arcadia Group and is now worth a staggering £3.88bn.
Similarly, Mike Ashley started with just a £10,000 loan to start Sports Direct and is now worth £3.75bn, and Sir Richard Branson’s start-up capital was a mere £300 which he has built into a £3.6bn empire.
Other notables on the list of the nation’s 25 top self-made millionaires include New Look founder Tom Singh at 19, while Charlie Bigham who has created his own ready meals empire and is worth £100m comes in at number 23.
Sir Alan Sugar, worth £900m after starting out with just £100 is at number 15 on the list, and his success has had a big impact on Yasmina Siadatan, winner of the Apprentice 2009 who is the Creative Director of Start Up Loans and behind the list.