Sunday Times Rich List 2016: Retail king Mike Ashley's wealth declines by £1bn... and the fortunes of Britain's fashion and retail billionaires

 
Lynsey Barber
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Ashley's empire shrank this past year, as did others' (Source: Getty)

Mike Ashley is the biggest loser in the retail billionaires club.

The Sports Direct boss and Newcastle United owner's fortune shrank by more than one billion pounds last year to £2.43bn, according to the latest figures from the Sunday Times Rich List.

Arcadia boss Sir Philip Green, owner of Tophsop among several fashion stores and the man who sold off BHS for just a quid last year, saw his wealth shrink by £280m to £3.22bn.

Read more: The number of billionaires in London has fallen

The wealth of Francois-Henri Pinault, the head of Luxury fashion group Kering which owns Stella McCartney and Alexander McQueen fashion brands, diminished by £260m to stand at £2.35bn.

Christo Wiese, the man who last year bought up fast fashion chain New Look, made a new entry among the retail billionaires.

The richest retail billionaires

Rank 2016

Rank 2015

Name

Business (non-retail not included) Worth Rise/fall
4 3 Galen and George Weston and family Selfridges + ABF £11bn -
12 13 Sir David and Sir Frederick Barclay Shop Direct £7bn £500m
22 New Christo Wiese New Look £4.33bn New
29 22= Sir Philip and Lady Green Arcadia £3.22bn -£280m
36 25 Sir Henry Keswick and family Jardine Matheson £2.98bn -£300m
45 22= Mike Ashley Sports Direct £2.43bn -£1.07bn
46 38 Francois-Henri Pinault and Salma Hayek Kering £2.35bn -£260m
62= 75= Mohamed Al Fayed and family Harrods £1,700 £400m
65 101= Robert Miller and Princess Marie-Chantal and family Duty Free Shops £1,580 £540m
67= 80= Bernard Lewis and family River Island £1,500 £250m
90= 85= Lord Grantchester and the Moores family Jardine Matheson £1,200 -
93 128= Christina Ong and family Mulberry £1,170 £320m
110= 145= Philip Day Edinburgh Woollen Mill £1,050 £300m

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