Feeds

Net millionaires crash Sunday Times wealthiest Britons list

And it's all down to stock trading

  • alert
  • submit to reddit

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.