Rich List 2019: 12 movers from platforms and fund management

Last year saw many winners as well as losers among key players in the world of finance, as mark volatility bit into fortunes while offering opportunities for risk takers

Last year saw many winners as well as losers among key players in the world of finance, as mark volatility bit into fortunes while offering opportunities for risk takers.

Overall the combined wealth of the 1,000 entrants in this year's Sunday Times Rich List rose by £47.8 billion, or 6.7%, over the year to £771 billion, while the total number of billionaires in the UK rose by six to a record 151.

Read on to find out how major financial services stars fared.

Last year saw many winners as well as losers among key players in the world of finance, as mark volatility bit into fortunes while offering opportunities for risk takers.

Overall the combined wealth of the 1,000 entrants in this year's Sunday Times Rich List rose by £47.8 billion, or 6.7%, over the year to £771 billion, while the total number of billionaires in the UK rose by six to a record 151.

Read on to find out how major financial services stars fared.

Andy Bell: £360m (+£185m)

Rank: 367 (+308)

AJ Bell founder Andy Bell saw his net worth more than double to £360 million as he leapt up more than 300 places on the list following the listing of the investment platform in December last year.

Schroder family: £4bn (-£1.2bn)

Rank: 35 (-11)

However, the Schroder family saw nearly a quarter of their wealth wiped out last year, as its 48% stake in the firm bearing their name was impacted by a dip of over 10% in its share price over the year to the end of March.

Peter Hargreaves: £3bn (-£118m)

Rank: 48 (-8)

Brexit-backing stockbroking star Peter Hargreaves also had a tough time of things, with more than £100 million wiped off his wealth as the value of his stake in Hargreaves Lansdown fell by around £145 million. 

Lord Jacob Rothschild: £924m (+£69m) 

Rank: 172 (+7)

On a brighter note, RIT Capital Partners chair Jacob Rothschild's stake in the investment trust rose in value by £51.5 million last year, while he has also been putting money into Martin Sorrell's new digital marketing venture S4 Capital.

Jonathan Ruffer: £151 (£-274m)

Rank: 786 (-485)

Ruffer investment management founder Jonathan Ruffer's net wealth fell by two thirds to £151 million, knocking him nearly 500 places down the list, after he donated 35% of his stake in the firm – worth £271 million – to charity.

Vernon & Shirley Hill: £307m (-£139m)

Rank: 419 (-123)

The ongoing collapse in the share price of challenger Metro Bank, after it admitted its capitalisation was below regulatory requirements due to an accounting error, reduced the wealth of its founders Vernon and Shirley Hill by nearly a third. 

The Hoare family: £400m (+£40m)

Rank: 329 (+31)

The family owners of the UK's oldest private bank, C Hoare & Co, saw their net worth rise as its assets increased by £33 million to £352.5 million over the year.

Mark Coombs: £1.5bn (-£62m)

Rank: 100 (-14)

A £62 million loss in wealth many sound severe to most people, but it had proportionally little impact on the fortune of Mark Coombs, the billionaire founder of emerging markets specialist asset manager Ashmore Group.

Terry Smith: £300m (+£50 million)

Rank: 431 (+49)

Citywire AAA-rated fund manager Terry Smith's wealth rose by a fifth following another year of strong performance for his firm Fundsmith. 

David Blood: £350m (+£30m)

Rank: 374 (+14)

David Blood co-founded sustainable investing fund business Generation Investment Management along with former US vice president Al Gore in 2004. Profits at the firm surged by 66% to a record £248.5 million in its last set of results covering 2017.

Charles Montanaro and family: £180m (£+5m) 

Rank: 676 (+1)

Citywire A-rated Charles Montanaro, founder of Montanaro Asset Management, made the list again this year after joining for the first time in 2016.

His £180 million worth of assets put him on a level playing field with chartered surveyor and Investec Wealth & Investment Cheltenham-based divisional director Peter Horton.

Crispin Odey & Nicola Pease: £775m (+£25m)

Rank: 186 (-6)

After witnessing their wealth decline by £25 million last year, Crispin Odey and his wife Nicola Pease made good amidst a turnaround in the performance of the Odey European fund, which returned 53% in 2018 according to HSBC.

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