Fashion tycoon tops Scotland's rich list

Vogue tycoon tops Scotland’s wealthy checklist

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Anders Povlsen and his wife AnnPicture copyright
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Anders Povlsen and his spouse Ann

A Danish style tycoon with a love of the Highlands has gone straight to primary in Scotland’s wealthy checklist.

Anders Povlsen tops Scotland’s model of the 2020 Sunday Occasions Wealthy Checklist as a brand new entry to the rundown with a wealth of £4.73bn.

Spirits household businessman Glenn Gordon noticed the largest rise in wealth with an additional £304m on his fortune.

And well-known faces together with JK Rowling and Sir Tom Hunter made the highest 20 wealthiest in Scotland.

Mr Povlsen, 47, was captivated by the Highlands when he visited along with his dad and mom within the 1980s.

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Povlsen is the mastermind behind style large Asos

Since 2006, he has amassed 221,000 acres in whole and has vowed to revive a number of the landscapes, taking part in an lively half in working his estates.

Along with a 26.4% stake in style retailer Asos, price £253.4m, he owns Danish clothes agency Bestseller in addition to a part of the unbiased Bestseller Vogue Group China.

Wealthy get richer

In accordance with The Sunday Occasions, the variety of Wealthy Listers born, based mostly or whose wealth is essentially tied up in Scotland has remained the identical this yr, however their mixed price is up by 13% to £39.504bn from £34.957bn.

Though the inclusion of Mr Povlsen and his huge £4.73bn fortune for the primary time skews the information, even when his wealth is stripped out, the 2020 Scottish Wealthy Checklist is simply 0.5% down on 2019.

Total, the wealth of the richest 1,000 throughout the entire of the UK is down way more – 3.7% – from final yr.

Among the many 82 names within the Scottish Wealthy Checklist, the fortunes of 40 have elevated previously yr, whereas simply 25 have gone down.

Glenn Gordon, the chairman of William Grant & Sons, the Moray-based distiller, has been knocked from the highest spot, however nonetheless added greater than £300m to the household fortune previously yr.

The corporate, famed for drinks together with Glenfiddich and Hendrick’s Gin, is price £3bn and different pursuits add an extra £186m to the value of the household.

John Shaw and Kiran Mazumdar-Shaw have additionally seen an increase in wealth within the final yr by £119m to £1.808bn.

Scotland’s 12 billionaires

Mrs Mazumdar-Shaw is taken into account to be India’s wealthiest self-made girl. Her Bangalore biopharmaceutical agency Biocon was bought to ICI in 1997, nevertheless it was Glaswegian John Shaw, then her fiance, who organized for $2m of finance to purchase it again.

Their stake within the enterprise is now price about £1.759bn, up £125m since final yr.

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Sir Arnold Clark and Woman Philomena

Woman Philomena Clark now chairs Arnold Clark Cars and the household agency is doing effectively, regardless of a fall in UK automotive gross sales.

Income rose to £113.5m as income handed the £4bn mark for the primary time in 2018.

Her husband, Sir Arnold Clark, who died in 2017, based the enterprise in 1954 and the Glasgow-based dealership now has greater than 200 branches.

Nevertheless, its worth has been clipped by £47m to mirror the impression of the coronavirus shutdown and the collapse in automotive gross sales previously two months.

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D C Thomson has added to its price previously yr

Additionally that includes extremely within the checklist is household writer D C Thomson with an elevated wealth of £1.4bm, up £6m previously yr.

And writer JK Rowling had yr, upping her fortune by £45m to £795m.

In all, there are 12 billionaires in Scotland, price £21.821bn between them and accounting for 55.24% of the wealth within the Scottish Wealthy Checklist.

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JK Rowling is in Scotland’s wealthiest high 20

Robert Watts, compiler of the Sunday Occasions Wealthy Checklist, mentioned: “The super-rich are after all higher positioned to endure the monetary impression of coronavirus than any of us.

“However the pandemic is already hitting Scotland’s main entrepreneurs and enterprise leaders within the pocket, with greater than half of these on our Scottish Wealthy Checklist seeing their wealth fall on this yr’s checklist.

He added: “This has profound implications for us all. Whereas a few of Britain’s super-rich haven’t behaved admirably throughout this disaster, our financial restoration will want many of those folks to create jobs and development if we’re to flee a protracted recession.”