2020 list of UK's richest shows first fall in wealth in decade

2020 list of UK's richest shows first fall in wealth in decade

Channel NewsAsia - World·2020-05-17 07:55

LONDON: Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times reported in its Rich List 2020.

The newspaper, which has produced the respected annual ranking of the country's 1,000 wealthiest people since 1989, found the past two months had resulted in the super-rich losing £54 billion (US$65 billion, 60 billion euros).

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