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Mone's partner absent again...

Rich List and the mystery of the missing billionaires

Billionaire couple Lady Mone and Doug Barrowman and her tweet after he proposed


 

A new guide to what claims to be the “definitive” record of Britain’s richest individuals and families is once again more of a talking point for why some are included and some left out of the Scottish list.

The Sunday Times Rich List claims there are 11 billionaires with connections to Scotland. But as was the case last year, there is no mention of Glasgow-born Doug Barrowman, intended husband of Lady Michelle Mone. He moved to the Isle of Man in 2008 where he founded The Knox Group of Companies. It is involved in private equity, property and wealth management.

Barrowman owns a £50 million super yacht and last year launched a cryptocurrency business with Lady Mone. He has six homes, 15 luxury cars and a private jet but is not mentioned in Scotland’s list of billionaires.

Among those who are said to have Scottish connections is retail entrepreneur, Philip Day, despite having severed his links to Scotland. The Greater Manchester-born businessman lives in Dubai, spends fewer than 10 days a year in Britain, and his Edinburgh Woollen Mill business relocated last year from Langholm in the Borders to Carlisle.




Also in the “Scottish” list is Egypt-born Harrod’s owner Mohammed Al Fayed, presumably on account of his land and estate ownership. Another landowner who is included is Bahrain-born Mahdi al-Tajir who owns the Highland Spring mineral water operation and has an estate close to Gleneagles Hotel.

But if land ownership is a qualifying factor there is no explanation for the omission of Danish billionaire Anders Holch Povlsen who has a 221,000-acre property portfolio in Scotland and who tragically lost three of his four children in the Sri Lanka bombings.

Glenn Gordon and family, owners of whisky and gin distiller William Grant & Sons, remain the wealthiest in Scotland, according to the new edition of the Rich List which includes 82 people with connections north of the border. Glen Gordon, 61, oversaw a £310m increase in the family’s wealth in the last year. 

The operation is valued at £2.7bn, with labels including Grant’s whisky and Hendrick’s Gin sending profits up by 14.4% to nearly £304m in 2017-18. Previous dividends and interests add another £182m to the Gordon family wealth. 

The total wealth of Scotland’s top 20 is put at £23.11bn, an 8% increase on last year’s £21.388bn

The richest in Scotland (according to The Sunday Times)

Scotland

Rank 2019

Name

Sector

2019 wealth

Wealth increase/

decrease

1

Glenn Gordon and family

Spirits

£2.882bn

Up £310m

2

Sir Ian Wood and family

Oil services and fishing

£1.763bn

Up £51m

3

Mohamed Al Fayed and family

Retailing

£1.7bn

No change

4

John Shaw and Kiran Mazumdar-Shaw

Pharmaceuticals

£1.689bn

Down £67m

5

Mahdi al-Tajir

Metals, oil and water

£1.66bn

Down £10m

6

Trond Mohn and Marit Mohn Westlake and family

Industry

£1.602bn

Up £602m

7

The Thomson family

Media

£1.401bn

Up £49m

8

Philip Day

Fashion

£1.2bn

No change

9

The Clark Family

Car sales

£1.178bn

Up £3m

10

Jim Mellon

Property and finance

 

£1.1bn

Up £100m

11

Jim McColl

Engineering

£1.07bn

No change

12

Sir Brian Souter and Dame Ann Gloag

Transport

£875m

Up £50m

13

Lord Laidlaw

Conferences

£791m

Down £4m

14=

Joanne Rowling

Novels and films

£750m

Up £50m

14=

Ian Taylor

Commodities and fashion

£750m

Up £565m

16

Sir Tom Hunter

Retailing and property

£607m

Up £27m

17

The Duke of Sutherland

Art and land

£585m

No change

18

Rick Smith and family

Food distribution

£561m

Up £43m

19

Alastair Salvesen and family

Transport, plant hire and fisheries

£500m

Down £20m

20

Sir Angus and Flure Grossart and family

Finance

£446m

Up £159m

 

 

 



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