The Annual List of Britain’s Rich, published by the Sunday Times, included a number of young millionaires, many of whom had not yet been born when the paper first released the Rich List in 1989, which included the late Queen Elizabeth II, the richest woman in the world.
On the occasion of Issue No. 35 of the list, the newspaper included 35 British millionaires under the age of 35, who made their fortunes from their activities in music, sports, arts, and business as well.
Leading the list of wealthy young is the Duke of Westminster Huey Grofner, 32, who inherited his title at the age of 25, with immense real estate wealth in two of the British capital London’s most expensive boroughs, Mayfair and Belgravia.
The family’s legacy includes an extensive real estate portfolio that includes real estate and land in 43 cities in 10 countries, and the entire family’s wealth is estimated at nine billion and £878 million (12 billion and 290 million dollars). Grosvenor Group figures indicate that the family’s return on its shares at the latest dividend was £81.7 million ($101 million).
However, not all on the list of wealthy young people who inherited their millions, but only nine people on the list who became hereditary millionaires, the rest, three quarters of the number, made their own fortunes at their young age.
According to the list, those who inherit their wealth on their small number own more than those who have made their own wealth. The total wealth of those who inherit on the list is £13.1 billion (16 billion and $300 million). Self-made people who have made their own wealth total £5.8 billion (7 billion and $220 million).
Among the 35 millionaires under the age of 35, four were born outside Britain, while the rest are mostly either from London or Worcestershire, and among the young millionaires are five friends who were classmates in one school, and there is a reasonable number of young wealthy people who did not complete their education at university after graduating from high school .
Among the classmates at South Bromsgrove School, south of Birmingham, is Ben Francis, 30, co-founder of sportswear brand Game Shark.
Ben launched his project 10 years ago and now it worths £900 million (one billion and 120 million dollars). Ben advises those who want to become a millionaire, “First, find something you absolutely love, and second, learn from failure. The Jim Shark project was my seventh attempt in business Finally, keep your passion and humility and pay your taxes.”
Ben and his four other classmates from school loved football as well as their passion for the business world, and his partner in the founding of “Jim Shark” Louis Morgan sold his share in the company and turned to investing in real estate, and he also invested in the fashion world, specifically the sportswear brand “Apple” that he founded Their colleagues Reece Wabara and Chris Edgerton, estimated at £60 million (about 75 million dollars), also co-founded the fashion company « Maniere de Voire » with England under-20 player Reece Wabara, whose fortune is estimated at £83 million (about 103 million dollars).
« Work can feel lonely at times, » says Reece Wabara, who advises those who want to enter the business field. Chris Edgerton advises, « Don’t be afraid to fail. When you’re 20 or 21, you’ll notice and think: I want to make something of myself. I broke up with some of my friends. » Friends, you need friends who think like you so that you can all progress together. »
Passion for sports with business is not the only motive behind the emergence of young self-made. For example, this generation’s fondness for electronic games and experience in developing computer software was behind the fortunes of the likes of Johnny Boufarhat, Christian Owens and Daniel Knight, and what made these rise in the list of the rich in the technology companies they founded And its value increased.
Among the wealthy young on the Sunday Times list of British rich people is also football star and England captain Harry Kane, who considers it « very important to remember your origins. Always endeavour to give and help others on the road to success « .