Rich List sheds light on economic challenges

Rich List highlights the economic challenges

The largest employers among the richest in the Northwest were revealed in insider latest rich list. The annual ranking also sheds light on the challenge of dealing with the political uncertainty surrounding Brexit and the Covid-19 outbreak.

Compiled by Robert Watts from The Sunday Times Rich ListThe table shows that many of the region's best-known entrepreneurs have seen their wealth decline over the past 12 months.

These numbers cast further doubt on hopes for a V-shaped economic recovery from the coronavirus pandemic after the lockdown hit many companies at an already fragile time.

As a result, only 53 of the 100 entries increased their net worth. There are 27 fallers while ten of the individuals and families have seen their wealth flat.

With numbers coming from Greater Manchester, Liverpool City Region, Cheshire and Lancashire, it takes £ 63 to hit last year's £ 73m cut.

For the first time this year, the Rich List examines the jobs created by the 100 entries, with B&M, owned by Simon, Bobby and Robin Arora, at the top with 34,200 employees. Financially they are third at £ 2.29 billion.

The region's richest family, Mohsin and Zuber Issa, who own EG Group and are valued at £ 4.68 billion, rank second on the list of employees with 28,500 employees, while Philip Day and his retail empire Edinburgh Woolen Mill , Jaegar, Austin Reed, Jane Norman, Peacocks and Ponden Home ranked third with 23,000. He ranks 13th with £ 890 million.

Other well-known employers on the list include Tom Morris and Family & # 39; s (£ 4.1 billion) Home Bargains, John and Jason Hargreaves (£ 500 million) Matalan, Fred and Peter Dones (£ 1.2 billion) ) Betfred and Peninsula, Matt Moldings (£ 960m) The Hut Group and Anthony Prestons (£ 191m) pets at home.

New additions to the Rich List include Supreme Imports' Sandeep Chadha for £ 118m, followed by debutants such as Timothy Webber and the Barnfield Construction family for £ 65m and Brian Hall of Bryden Capital for £ 63m.

The full 2020 Rich List can be found in the September issue of North West Business Insider. For more information on how to get a copy, see here.

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