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Why the super-rich are falling out of love with London

Why the super-rich are falling out of love with London

Released Sunday, 19th May 2024
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Why the super-rich are falling out of love with London

Why the super-rich are falling out of love with London

Why the super-rich are falling out of love with London

Why the super-rich are falling out of love with London

Sunday, 19th May 2024
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1:24

Once upon a

1:26

time, these islands were an absolute

1:28

playground for the super-rich, especially the

1:52

capital. You couldn't move for

1:54

billionaires in their thick townhouses and

1:56

suspiciously smooth foreheads, not to mention

1:58

the private schools. restaurants and

2:01

supercar dealers that flocks after them.

2:03

But is this changing? Why

2:06

has this year's list seen the

2:08

steepest dip in billionaires ever? The

2:18

story today. Why the

2:21

super rich falling out of love with London.

2:26

You'd think that anyone will be pleased to

2:28

be on this list. It's quite an accolade

2:30

but not everyone sees it as the great

2:33

win. Yes it's

2:35

a very good point. I mean we have

2:37

people who do want to talk their way onto

2:39

the Sunday Times British list, who want to talk

2:42

their way up it, down it

2:44

and some of them want to talk themselves off

2:46

it. I always wonder if they've got a divorce

2:48

coming up or or they're having

2:50

a round of attacks man or something like that and that's why

2:53

they don't want to be on the Sunday Times rich list. There

2:56

are some people for whom it's a

2:59

sign of they feel of achievement,

3:01

they've devoted their lives to creating,

3:03

building a business and

3:06

they feel it should be recognised. They feel

3:08

we live in a society where people

3:11

praise great artists, great writers,

3:13

great musicians, great sportsmen. I

3:16

don't often do it for business people and

3:18

they feel some of them feel grumpy about

3:20

that and they rightly or wrongly feel the

3:22

Sunday Times rich list does do

3:24

that. They feel it's recognition

3:26

for their achievements. Who is

3:28

at the top of the list this year? That's always

3:30

the interesting accolade isn't it? Gopi,

3:33

Hinduja and family this

3:35

astonishing Indian-born dynasty that

3:37

began in business

3:39

more than a hundred

3:41

years ago but the

3:44

Hinduja family whose interests

3:46

span everything from oil,

3:48

luxury hotels, energy

3:50

training, electric vehicles and spans for

3:52

globe. Why They

3:54

here in the UK? They're one of the

3:56

super rich families who've made Britain their home

3:59

in the last. He is the

4:01

last people listening to this will have

4:03

seen Sky for the James Bond film

4:05

human of That final shot of Daniel

4:08

Craig looking out over Whitehall. that on

4:10

top of the i'm A D builds

4:12

exactly a war us is now they

4:14

have pulled more than a hundred million

4:17

pounds in two turning that building into

4:19

this fibers Russell's hotel which has become

4:21

a bit of a matter for wealthy

4:23

tights since I've last year's and that

4:26

probably the best known Uk and nevertheless

4:28

era as well. Go Peace. Let's say

4:30

his late brother three who died last

4:33

year he did they they litter as

4:35

well like I said at Buckingham Palace

4:37

and he didn't say as it is

4:39

and they they topped the list again.

4:47

So before we envisage them as we should

4:50

explain what the list is, What does that

4:52

span? What does include. So. We

4:54

track the wealth all Britain's

4:56

most affluent individuals and families.

4:58

And by Uk we count

5:00

people who are British, whether

5:02

they are in the world

5:04

or we tell the people

5:06

who may be born overseas.

5:08

Maybe my company's overseas, but

5:11

we're comfortable that the hair

5:13

the that either. Living here

5:15

over a significant proportion of

5:17

that's asset wealth is here.

5:23

So. If you were born in non

5:25

eats and it wouldn't matter whether you have

5:27

making your what your millions in know eaten

5:29

or in Nova Scotia we we can't use

5:32

as you were say Roman Abramovich and you

5:34

are living for a while in the Uk

5:36

and spend a lot of time here is

5:38

a build some significant you tacit sas then

5:40

for time we we we can't him without

5:42

counting now be to some most to his

5:45

sense he has as a my was as

5:47

you tacit says sanctions and descending not linear

5:49

anymore so we we wouldn't count him sites

5:51

We track my wealth and have been doing.

5:53

Says the such as Excess and Six Years. Track.

5:56

Their wealth in what way? How well

5:58

that their lives The problem this is

6:00

why are you see device beneath my

6:02

eyes and why Yes it's very difficult

6:04

because there is a lot we can

6:06

see but there is a lot that

6:08

we can't so we can. I spend

6:11

my life pretty much trolling through findings

6:13

it at and the Uk companies house

6:15

and on Another similar organizations around a

6:17

well. we're looking at Souder registers a

6:19

public companies looking at ownership of property

6:21

it's and trying to understand where that

6:23

well flies. But obese people listening to

6:25

this who made the plinth sing on

6:27

these people use clever of sure that

6:29

they. Absolutely do so we say. Very

6:32

cast in our rules of engagement. These

6:34

a conservative estimates based. Largely.

6:36

On what we can see. However,

6:39

A. Loss of These People engage with us and

6:41

they taught us about the violations because it's

6:43

been going since a long time and seen

6:45

about a month. As a matter of public

6:47

record, they do service stuff set would otherwise

6:50

not be in the public domain and we've

6:52

got to be careful with that because sometimes

6:54

we can send stuff that's not exactly should

6:56

we say. Cop. Opossums. Not only will

6:58

they try and inflates all that has

7:00

that oh yeah, that's worth two hundred

7:02

million, but will actually sometimes. So you

7:04

documents that aren't legit. is that what

7:06

you may I said he did. Aware

7:08

that yes I may you know we

7:10

just have to be really really Castle

7:12

I mean those I can thinkers a

7:14

couple applies in London property world Who

7:17

tried for a number? It is to

7:19

upend the Sunday Times Racist. This was

7:21

this began under my predecessor. Salad Bar

7:23

said they. Would. Not. And

7:25

initially provide us with information that

7:28

we needed to justify a valuation

7:30

that we were comfortable with. Can

7:32

produce numbers that a credible and

7:34

then. I was concerned in later

7:36

years and I'm so is being shown this

7:38

until rights me so we didn't include them.

7:41

You know if anyone has it? Framed. Is

7:44

on it. I can relate. To. This

7:46

me. I've. Certainly been aware

7:48

all. To. Which sisters

7:50

meeting up and referring to each

7:52

other as by their it says

7:54

number out in via which says

7:57

yes yes or face rude and

7:59

raise answer. Yeah it does make

8:01

keep. Apps Cringe of them

8:03

Vs and difficult question about this

8:05

why do you do is what's

8:07

the use in this So I

8:09

think it's. Really? Important the

8:12

and is functioning democracy. You know

8:14

where wealth lies and where is

8:16

being accumulated. I think there are

8:19

some people in the business

8:21

world who have very high profile

8:23

as but there's a lot says

8:26

secret wealth and our country and

8:28

I. It's important that. We.

8:30

Know wow. Wealth lies

8:33

and where it's being accumulated can we

8:35

find Our research is quoted by people

8:37

across political spectrum left, right and will

8:39

whatever news by academics as well. So

8:41

we do think it has social value.

8:44

but that's not just it We know

8:46

that will say that a lot of

8:48

our readers find many of these people

8:50

normal of the month stretch a much

8:52

nicer many these people in sparring the

8:55

big change of the Sunday Times Racist

8:57

as as the past thirty years in

8:59

particular has been the owed money inherited

9:01

wealth has been. Elbow decide by

9:03

this regeneration as self made entrepreneurial

9:06

talents and they're all million sales

9:08

small business people often done with

9:11

country to look at those people

9:13

and think. I might not

9:15

know. and there's also a call a

9:17

see as at sixty. be fine with

9:19

our younger entrepreneurs the sort of under

9:22

forty times and authority under forty. The

9:24

Cs you doing very well at a

9:26

very young age a basis that us

9:28

go on my son or daughter. Quality.

9:31

Seems detail to to many readers. We

9:33

find the comments below. We find the

9:35

way it's I sat on social media

9:37

those younger stories people find it very

9:39

impressive. Do the ultimately these people are

9:41

becoming wealthy. Not because that robbing banks

9:44

or whole stealing state owned assets are

9:46

Some of us are doing that because

9:48

I. Have the guts and

9:50

gums and see start a business that

9:52

providing goods and services that you and

9:54

I want to buy and after. A

9:57

few years ago, the Business west. Twenty Thirty

9:59

four. Fifty million pounds of that like

10:01

the gym shout man of his name

10:03

M M France has. yep he I

10:06

started stitching these gym clothes by himself

10:08

in that is enormous thing Wayne as

10:10

got shuffled, reason streets and everywhere else

10:12

it seems a yeah I'm just a

10:14

says one of many. And what's so

10:16

interesting thing about. Or it's as

10:18

when I started doing this I thought

10:20

it would be old. Hedge funds will

10:22

be private equity. It'll be. I'm prophecy

10:24

billionaires and see what what we find

10:26

this year on this is Undies answers

10:29

to sort of a new entries. Well

10:31

a couple from from Sheffield The Seasons

10:33

has been a my couple. He. Made.

10:35

A five hundred many pen business in

10:37

within ten twelve years since I teach

10:39

nights. Susie and the wife was a

10:41

teacher. Her husband John thought that some

10:44

I wife was really impressed with the

10:46

quality of teaching eyes as she could

10:48

by side kids say so of how

10:50

taught me said before going to work

10:52

as a solicitor and they need things

10:54

up for a started doing his own.

10:57

Teaching. Eyes twinkled their business.

11:00

Now employs know for the thousand people

11:02

is done very well. It's surprising just

11:05

how diverse in terms of the people

11:07

on it and how they're making their

11:09

fortunes has become. The.

11:16

Headlines this year interestingly is billionaire

11:18

scampering system for that rice. Yeah,

11:21

so Britain has unquestionably experience is

11:23

busy and add boom as his

11:26

past twenty odd years. India, Two

11:28

thousand, There were twenty six billion

11:30

on this and that nonsense. This

11:33

year, it roughly doubled ten years

11:35

later, But in the in the

11:37

following decade between two thousand and

11:40

Seven and twenty Twenty tie with

11:42

this this boom where their wealth.

11:45

Sword. And we reached a

11:47

peak of one hundred and seventy seven

11:49

billionaires we had on the twenty. Twenty

11:51

Two exists and that's now fallen this

11:54

year. Two Hundred and Sixty Five. Now.

11:57

The lots of interesting christians is.

12:00

Why did that the and happen

12:02

a saying very quickly bird you

12:04

A year after years of let

12:06

very low interest rates. definitely had

12:08

a how to be part of

12:10

a in terms of inflating company

12:12

evaluations. Property prices are set alleys

12:15

if you own starts. If you

12:17

had stopped a became more valuable,

12:19

that's part of it. But also

12:21

Britain did become this magnet. So.

12:23

The cigarettes and it's always have it

12:26

helps to a certain extent but the

12:28

in the last fifteen years it's become

12:30

a move a global thing and lots

12:33

of reasons. Lot yes it's some everything

12:35

from the cultural ice as of Wimbledon

12:37

and and for his and private

12:39

schools great universities. The importance of and

12:42

on the stock market should not be

12:44

underestimated as well. Is there some the

12:46

place deflate your business and what

12:48

we sound as we see Missed

12:50

it The Sierra Billionaire Fools times the

12:53

Sixty five. This year and that's

12:55

led us to ask the question

12:57

we think of. Readers will be

12:59

quite interested in this in terms

13:01

of have we reached. Peak

13:03

billionaire me Uk I'm what that means

13:05

for us they will be Some people

13:07

listen to this who take the the

13:09

to that have any bearing on me

13:12

whatsoever. The thought the number as I

13:14

as a good thing though we other

13:16

people who listens as who will take

13:18

that he isis is Nixon's any because

13:20

many of these people. Create. Wealth.

13:23

While. Ahead and my palette of tanks while

13:25

the here as well. So why they

13:27

leaving. As some coins for

13:29

some reason that to be mind tell

13:31

us about one of the as the

13:34

inching new billionaires who. Is. Also.

13:37

Gonna. Leave the best gonna bring a

13:39

never him for Alfie Best who hate.

13:42

Up until I was twenty five so I

13:44

could walk on water. A. Really

13:46

deep. I'm the only

13:48

business tipsy man in the world.

13:51

That. Came out. And said.

13:53

I'm his hip. Six. A

13:59

So. Why a billionaire Yet by

14:01

the way he's he's on trying

14:03

to be. He wants to be

14:05

the first Roman Egypt see British

14:08

billionaire. Very very very proud of

14:10

his Randy Jets erases us is

14:12

this guy. He's made his fortune

14:14

from caravan parks and having been

14:16

born on the side of the

14:18

road near less Deaths he's one

14:20

of what I'm cool as a

14:22

sort of a classic self made

14:24

some the time said sisters of

14:26

the Best business is called is

14:28

called while crest it has. Dozens

14:30

of caravan parks up and down

14:32

the country which he finds to

14:34

in his helicopter boys a few

14:36

hundred people but barrel thousands of

14:38

residents up and down with i'm

14:41

trying. Live in

14:43

his son properties and you've got his

14:45

wealth at was. Nine Four

14:47

Seven million. This year is

14:49

the. Perfect. It has been

14:51

revalued. He's he's determined to be Britain's

14:54

first her Arab needed see Billie now

14:56

says he gets a. Of the

14:58

best as and less ek as he money's

15:00

in Monaco and he said you evidence that

15:02

is enjoying himself them. As a

15:05

picture of him or his arm and

15:07

celibacy. Dana Point of Dame Sediba Exactly

15:09

Daves and ah yes, he is in

15:11

a casino I think yes I mean

15:13

to a Gallup does your mod mode

15:16

by it like enormously stress to me.

15:18

But yes, he's quite from the above

15:20

Uk varmint a. Sudden. Weeks

15:22

ago. He quit the Uk,

15:24

he moved to Monaco size coin on

15:26

it out of coast ago. If you're

15:28

on the cusp of being a billionaire

15:30

oil students here is fine system that

15:32

is A lot of them will turn

15:35

when the say you and say well

15:37

I'm going because it's I say sour

15:39

I'm just so so relaxed and west

15:41

yeah I mean it's it's what not

15:43

not attacks and Nine Nine outside and

15:45

the taxi to know that you don't

15:47

pay income taxes yeah I say. When

15:49

I spoke to. Out the

15:51

best. He was very despondent

15:54

about the Uk and that

15:56

that we are driving. He

15:58

says all wealth creators. The

16:00

way a because of intrusive

16:02

business regulation, high tax and

16:04

he says the final straw

16:06

for him was the government

16:09

looking to axe non don't

16:11

status is very old Quirk

16:13

is persists law you could

16:15

describe as were wealthy people

16:17

If they go overseas interests

16:20

are earning significance mounts money

16:22

they don't pay tax uk

16:24

tax on those overseas earnings

16:26

and many the super rich

16:28

man's been very. Very important than

16:30

salon in and settled on his been Paul

16:33

varies my Britain as as as be able

16:35

to attract so many of see him separate

16:37

from from overseas as well. Next

16:40

I turned to the taxes

16:42

paid fi those were residents

16:44

in the Uk been Omaha.

16:49

As a cast of a physical

16:52

known as non. Issue:

16:55

Over many months, the government will abolish

16:57

the current tax system for non doms.

17:01

Said. He was i think is says

17:03

saddle bit grumpy bad for him.

17:05

This is all symbolic of the

17:07

country that is anti wealth creation

17:09

and he providing opportunities the business

17:11

people who want to grow their

17:13

businesses constantly being skeptical constantly on

17:15

these people's bags and in of

17:17

from from out taxpayers point of

17:19

view. You. Want to make sure that

17:21

those of the top. Are. Paying.

17:24

Their fair share right so as

17:26

to not as is clearly a

17:28

balance to be not test as

17:30

a French finance minister from seventeenth

17:32

century could come back and to

17:34

indulge me on the sleek. Please

17:37

ask fans who came on this.

17:39

This line of a job is

17:41

good. Tax policy is to pluck

17:43

as many said is from the

17:45

geese with the minimum man says

17:48

hissing. And. or

17:50

is this is by suspicion now among

17:52

the superrich that there is too much

17:54

hissing and a lot of these keys

17:57

on our starting to take flight well

17:59

i'm here about some of these

18:01

more plump, bald-hitting geese at the moment.

18:13

Coming up, those fleeing billionaire

18:15

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18:17

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What you can take you through

20:22

your latest Sunday Times Rich List

20:24

receive year thirty six and we

20:26

were just talking about some of.

20:29

While. Billionaires are almost billionaires who

20:31

are seemingly getting a bit fed

20:33

up with the case situation. It's

20:35

all about Aussi best is Enormous

20:37

Billionaire. He's of them Monaco now.

20:39

he's quite grumpy about taxes and

20:41

your headline finding. as who, discussing

20:43

fum this is listed as a

20:45

lot of billionaires are. Leaving.

20:48

The U. What kind of

20:50

billionaire who talking about say on

20:52

Sunday seeing a lot of the

20:54

sort of international super it's you

20:56

come to U K in recent

20:58

years. So yeah Lane A, but

21:00

sir you know who's sat Russia's

21:02

richest woman. she's gone to er

21:04

stress Johnny be Farhat who was

21:06

a billionaire before a research associate

21:08

for back of a tech company

21:10

that he bell is now living

21:12

in Switzerland so is saying a

21:14

lot of incest. So super rich

21:16

guy says lot. We identified. Twelve

21:19

who weren't have is of a guy

21:21

could john great in a Us Blair?

21:23

He's moved to at least sea islands

21:25

from the Mon and Norwegian. He seems

21:27

to go back home as well. Know

21:30

why they Gehring I think it. Can.

21:32

Be a combination of factors awesome of

21:34

people. Go is so. in

21:37

a palace i may be retiring

21:39

sen not the case and johnny

21:41

before has case sometimes there are

21:43

personal reasons that the certainly we

21:45

are seeing them baron mind august

21:47

was compiled for the government announced

21:50

that change non doms data science

21:52

alluded to earlier there's a sense

21:54

of other places are getting their

21:56

act together a bed and doing

21:58

more to encourage wealthy people. So,

22:01

Dubai, for example, Singapore,

22:03

even Italy has been mentioned to me

22:05

that the UK just feels a little

22:07

bit not as attractive as

22:10

it once was. And that is thinking just

22:12

entirely about the bottom line on

22:14

your tax liability. That's what's making the

22:16

shift. No, I think it really is.

22:19

Lots of different stuff came back to

22:21

me actually. Really interesting

22:23

conversations with these people. Probably

22:25

the most illuminating conversation I

22:27

had was with a

22:30

British-born billionaire who's made

22:32

his fortune overseas. And

22:34

he was fascinating around how Britain

22:37

is regarded by wealthy people from

22:39

overseas. So, he used

22:41

this great phrase which I liked called

22:44

that Britain is regarded as

22:46

Disneyland of the past in

22:48

that it's just visually stunning.

22:50

It's a great place to be

22:52

entertained and to enjoy. You've got

22:54

these wonderful country houses, you've got

22:56

these wonderful mansions, you've got a

22:59

vibrant cultural scene. There's a lot

23:01

to like about the UK. It's

23:03

special, it's different, it's all the

23:05

history. But

23:07

at the same time, he said, well,

23:10

it's losing its allure. He talked

23:12

about UK properties

23:14

being particularly London

23:16

being very overvalued. And

23:19

that property price

23:21

was just not worth it. The

23:23

value of Belgravian Chelsea Manchester just

23:26

over the top. He talked about London

23:28

being a bit bust in terms of

23:30

getting around London, just being very difficult

23:33

now or harder, they said. You're looking

23:35

sceptical. Do

23:37

me a favour, mate. Yeah, I know

23:39

you mean. I found that quite a

23:42

difficult thing to take seriously. But you

23:44

can sort of see it, can't you?

23:46

If you're used to travelling somewhere

23:49

in Dubai and being able

23:51

to get around in

23:53

10 minutes. And then you face your old voice

23:56

to zoom from here to there with ease and

23:58

not be stuck in sort of. traffic

24:00

around Piccadilly Circus. But

24:02

do you buy that when they

24:04

list these issues that

24:06

are aside from, oh, my tax liability isn't

24:08

as efficient as it could be in Dubai?

24:11

Or do you think it is actually all

24:13

about the tax? I don't think it is

24:15

all about the tax at all. I think

24:17

it's a combination of factors. And everyone's slightly

24:20

different. They often don't make a decision. I've

24:22

always been quite skeptical of the argument that,

24:24

oh, yeah, if you increase taxes by a

24:26

bit, these people will all leave. If they've

24:28

got, for example, children embedded

24:31

in private school or

24:33

university, if they've got a lot of

24:35

friends here, they're not necessarily going to get

24:37

on the next private jet out of here.

24:40

It is more complicated than that.

24:42

And it is push and pull

24:45

factors here that are

24:47

making the UK less attractive

24:49

to the very, very wealthy

24:51

and making them consider other

24:54

destinations in a way that

24:57

they haven't. So it

24:59

will be interesting to see how it develops. And

25:07

do any of them have anything to say about the

25:10

government and a possible change of government? I mean,

25:12

you mentioned Alfie Benn is not being best pleased

25:14

about Jeremy Hunt's decision to scrap non-dom status, which

25:16

I think comes in in April 25, doesn't it?

25:19

Correct. There is a pretty

25:21

wise bit of understanding that Rachel Rees

25:23

and Keir Starmer, if they end up

25:25

in number 10, 11 Downing Street, won't

25:27

have that much scope to do much

25:29

different in terms of tax and spend.

25:31

It's quite a tight envelope either side

25:34

will be working within. So do

25:36

any of them expect some great

25:38

new wealth tax on labour or some

25:40

great change or what? Labour

25:43

will work in partnership with business to

25:45

remove the barriers to investment. And

25:48

that partnership will be embodied in

25:50

a modern industrial strategy. It's

25:54

definitely different from 2019, where there seems

25:57

to be a very real prospect that

25:59

Jeremy Corbyn can become

26:01

Prime Minister. That was the year where I certainly had

26:04

lots of rich sisters saying to me, oh, would

26:06

you mind taking me off this year, please? Well, it

26:08

doesn't really work like that. I

26:11

don't want to be up against the wall when

26:13

the revolution begins. It was one line that were

26:15

used by one hedge fund manager.

26:18

But I think, generally

26:20

speaking, there's not terror at Keir

26:24

Starmer's Labour Party winning a

26:26

general election, anything like that at

26:29

all. From a lot of these people,

26:31

there's a sense of disappointment of how

26:33

the government, what they feel is an

26:36

incompetent government that's struggled to

26:38

get a grip, struggled to make good

26:40

of on the 2019. I'm feeling for

26:42

my phone, Luke, because I want to

26:44

read you a WhatsApp message I had

26:46

from a British-based billionaire who puts it

26:48

better than I would. And

26:52

I was asking him about this very

26:54

question. And he was saying that

26:56

he was not giving money to the Conservative Party

26:58

anymore, having given a lot to them. And

27:01

he said, this lot are

27:03

a bloody joke. But then he goes

27:06

on to say, but they are on both sides

27:08

of the House, three exclamation marks. And

27:10

then he's going back to talking about the 2019

27:12

election, a majority of 80 plus plus plus wasted

27:16

since 2019, heartbreaking.

27:19

So there's this genuine sense

27:21

of disappointment with politicians. And

27:24

it's a real theme that seems to come

27:26

up again and again and again from

27:28

Rich Lister. I'm sure there are people with

27:30

not huge break balances who also take the

27:32

same view that we're not getting

27:34

the quality people into

27:36

British politics that we

27:39

once were. But no, no, no, I have

27:41

not picked up terror at the prospect of

27:43

a of the Labour government by any stretch

27:45

of imagination. No. Can you tell me about

27:47

some new entries to go all top of

27:49

the pops? Interestingly, it seems what

27:51

we're talking about somebody who runs caravan parks a

27:53

moment ago, but they're quite

27:55

vintage professions that the some

27:57

of these new entries out. I mean, it's not the sort of

28:00

AI and FinTech pioneers, I'm reading here

28:02

about a chain of high street travel

28:04

agents who knew they were still a

28:06

thing, and plumbing supplies. At

28:08

Victorian Plumbing, beautiful bathrooms are what

28:10

we do best. Like this Carlton

28:12

Bathroom Suite for just

28:14

£449. So for bathrooms

28:16

that are out of this world,

28:18

oh dear, head to victorianplumbing.co.uk Yeah,

28:22

I mean, it takes all sorts, right? I mean, that

28:24

seems to be one of the big themes of the

28:26

rich list since I've been doing it really, which is

28:29

just every walk of life it remains. So Dame Irene

28:31

Hayes, a former civil servant,

28:33

built up the Hayes travel

28:35

agent chain with her late

28:37

husband John, and joining

28:40

the rich list in her mid 70s.

28:42

And as you say, back to the

28:44

future in a way, aren't we all

28:46

buying our holidays on lastminute.com? Well, lots

28:49

of us actually want to wander into

28:51

a travel agent and talk to people. I mean, Dame

28:53

Irene, probably best known for saving

28:55

hundreds of jobs when Thomas Cook went

28:57

down. And by buying

29:00

that business and managing to keep hundreds

29:02

of jobs from that. So

29:04

yes, she makes her debut. That business has

29:06

been flying done, really, you know, profits of

29:08

more than 50 million pounds in

29:10

the latest year years. And you mentioned

29:12

Mark Radcliffe and Victorian Plumbing. So this

29:15

is a guy who in the year

29:17

2000, he started a plumbing supplies business

29:19

from his parents garden shed.

29:22

Done very well, taking it onto the

29:24

stock market. Sheds done pretty well. You know, as

29:26

you say, old school business, just from, you know,

29:29

providing stuff that people want. And Mark

29:31

Radcliffe, we're putting him at Watts on the list.

29:33

375 so he's taught

29:36

towards the no notes that

29:38

well done. On

29:41

the same level as interestingly,

29:43

Ewan Blair, the

29:45

son of Frittie Tony Blair, who

29:48

not an old school business metaverse

29:50

his education tech

29:52

business, sold a big

29:55

slug of that business, valuing it north of

29:57

north of a billion pounds and he's kept

30:00

You know, good, he's a silver majority shareholder,

30:02

so he makes his debut. Well, above

30:04

his dad, a lot of people thought his dad did well,

30:06

but you and his team seems to be doing even better.

30:14

How many people on the list? 350 this year. So

30:16

350 people. Which

30:19

one would you like to be? You

30:22

must have gone through a list and thought,

30:24

actually, I'd like Dame Irene Hayes's life. Or

30:26

I'd like that person who's... If

30:28

I could trade places. It would

30:30

be you. Goodness me, that's so hard.

30:34

Well, I mean, for Elton John. Can

30:37

I have a piece of it? Cool, good, you got

30:39

it. Well, Mick Jagger makes a return this year. For

30:43

why? That new album and that touring

30:45

is doing very, very well. He

30:47

creeps to the bottom with Keith Richards. I

30:49

mean, goodness me, if you're still filling stadiums at

30:52

around 80 years of age, come on, Luke. I mean,

30:54

we'd be quite happy with that, wouldn't we? Yeah. That

30:57

was Robert Watts, Mick Jagger. Thank you very much. I'll

31:27

give you, wherever you're listening to this, it will help other people

31:29

track us down. Also, if you

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want to get in touch with us

31:33

with a suggestion, maybe just a hello.

31:35

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