Feeds

Net millionaires crash Sunday Times wealthiest Britons list

And it's all down to stock trading

  • alert
  • submit to reddit

New hybrid storage solutions

The Sunday Times' annual rummage through the bank statements of Britain's most well-off has unearthed some wealthy characters and a new breed sterling tycoons who have made their pile from the Net. Paul Sykes, who saw his £10 million investment in the ISP Planet Online swell to £47 million after it was acquired by Energis for £75 million last year, is estimated to be worth £400 million. He tops the list of Internet millionaires by 182 places and a cool £300 million comfortably beating the twin daughters of the late Robert Maxwell by a long chalk. Christine and Isabel Maxwell, together worth £100 million and ranked joint 227 out of 1000, started the McKinley Group, which was sold to portal Excite for £12 million in 1995. Their real wealth came about earlier this year when their 850,000 shares in Excite netted them around £100 million after the portal was acquired for more than £4 billion by @Home. According to the author of the The Sunday Times' Rich List the rise of the high-tech millionaire is "dominant feature this year". "When the Rich List started in 1989, there were fewer that ten hi-tech tycoons," wrote Philip Beresford in the introduction to this year's report. "This year we have ten Internet multi-millionaires alone," he said. Elsewhere, hi-tech industries accounted for 96 multi-millionaires in the UK -- almost ten per cent of an elite league table worth an estimated £115 billion. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.