Tuesday, 21 September 2021

Even the wealthy feel effect of recession

MULTI-MILLIONAIRES from the Henley area are worth a total of more than £3billion according to this year’s

MULTI-MILLIONAIRES from the Henley area are worth a total of more than £3billion according to this year’s Sunday Times Rich List.

But the recession seems to have made a dent in the fortunes of the super-rich, with several experiencing a drop in wealth.

A new entry is Russian financier Andrei Borodin who is in joint 319th place with a fortune of £250million. He was granted asylum in the UK in February, six months after buying Park Place in Remenham for a record £140million.

Swiss financier and hotelier Urs Schwarzenbach tops the local list with a fortune of £850 million, putting him in joint 102nd place, down 15 places on last year.

Mr Schwarzenbach, who lives in Shiplake, has owned Hambleden village since 2007 and also owns Culham Court in Remenham.

The McAlpine family, who run the biggest construction company in the country, are 288th on the list with a £295million fortune, the same as last year, when they were 13 places higher. Sir William McAlpine and his wife Judith live on their estate at Fawley Hill.

The Marquess of Salisbury of Turville and his family are worth £275million, up £25million from last year, putting them joint 299th.

The 66-year-old was responsible for the Thames River Pageant, a highlight of the Queen’s Diamond Jubilee celebrations last year.

Olivia Harrison and her son Dhani are worth £180million, the same as last year, although they have dropped from 417th to 434th place on the list. Mrs Harrison, the widow of Beatle George, still lives at the family home, Friar Park in Henley.

House-builder Michael Shanley, from Hurley, has seen his wealth increase by £21million to £178million since last year, taking him from 480th place to 453rd.

Reading FC chairman Sir John Madejski saw his fortune fall £50million to £100million, bringing him down from 501st place to 777th.

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