How's that recession doing for you?

[TheBigotBasher]

The collective wealth of the country's 1,000 richest people rose 30% last year in the wake of the economic crisis.

Their combined wealth rose by more than £77bn to £333.5bn, the biggest annual increase in the 22-year history of the Sunday Times rich list. The number of billionaires rose by 10 to 53.

Last year's list showed how the economic crisis wiped £155bn from the wealth of the UK's richest people, with the number of billionaires falling from 75 to 43.

The London-based steel magnate Lakshmi Mittal headed the list for the sixth consecutive year, seeing his fortune double from £10.8bn in 2009 to £22.45bn following the recovery in the global steel industry.

The Chelsea owner, Roman Abramovich, remained second, adding £400m to his wealth in a year to reach £7.4bn. The richest British-born billionaire, the Duke of Westminster, saw his fortune – mainly based on property – increase by £250m to £6.75bn.

http://www.guardian.co.uk/business/2010/apr/25/rich-list-wealthy-britain

[Anarcho-Socialist]

1. I'm sure Dave's upper-band tax cut will help the struggling super-wealthy