Millionaires more likely to have gone to state school
Millionaires more likely to have gone to state school, Self-made millionaires are more likely to have gone to state school and the University of London than private school and Oxford or Cambridge (SES: E2:J91U.SI - news) , new research has found. Here is a look at what has driven the number of rich Britons.
Figures from Barclays Wealth in March found there were 619,000 millionaires including property assets currently living in the Britain at the end of last year, which was up from 528,000 in 2008.
By the year 2020 it was estimated that the number would grow by a third to about 826,000 millionaires
Meanwhile the richest people in Britain have seen their fortunes soar by a fifth in the past year even as much of the UK is struggling to recover from the recession.
The 2011 Sunday Times Rich List, published in May, disclosed that the 1,000 wealthiest people in the country are now worth a combined £395.8 billion, equivalent to more than a third of the national debt.
The number of billionaires has risen from 53 to 73, while nine people have seen their fortunes rise by £1 billion or more during the past 12 months alone.
The soaring fortunes of Britain's wealthiest men and women have put them within striking distance of the pre-recession boom in 2008, when there were 75 billionaires and the 1,000 wealthiest people were worth £413 billion.
As the “squeezed middle classes” struggle to cope with the aftermath of the recession, City bankers, financiers and hedge fund managers have seen their fortunes rise following the taxpayer-funded bail-out.
There are now 55 hedge fund managers and commodity traders in the top 1,000, worth a total of £12.6 billion.
Britain’s richest young people include Daniel Radcliffe, the Harry Potter star, whose fortune is valued at £48 million, Cheryl Cole, the X-factor presenter and pop star worth £12 million, and Adele, the singer-songwriter who is already worth £6 million.
New entrants include Jonathan Ive, the British designer behind Apple’s iPhone and iPad who is worth £80 million, and Christopher Nolan, the film director, is worth £70 million.
Source: yahoo