Tuesday, October 4, 2016

I just completed and ePublished in Amazon. "Zero to Billions: Anyone Can, 43 UK Self-made Billionaires: Social Mobility, Tax Dispute and Wealth of Nations".  


As usual, I would stare at the data for weeks, unable to believe what I had discovered.

Here are the major surprises
1.  UK has great social mobility.
86% of the billionaires in UK are self-made.   14% inherited their wealth.
This is much higher than the world average of 67% and the US average of 70%.
I was very surprised to see

The UK inheritance billionaires are such a rare breed, I am tempted to put their names here.



List of UK Inheritance Billionaires.
No
Name
Net Worth in Billions
Age
1
Hinduja Family
$14.5B
There are 4 members

Gerald Cavendish Grosvenor

Just died, August 2016
2
Bruno Shroeder
$4.7B
83
3
Anthony Bamford
$2.4B
70
4
Sunil Vaswanu
$2.0B
53
5
Stephen Rubin
$1.93B
79
6
Ian Wood
$1.47B
74
7
Jonathan Hamsworth
$1.28B
48

Here is the complete list of UK Self-made Billionaires and there are 43 


#
Name
Net Worth Billions
Age
Sector
Education
1
Reubens, David & Brothers
$14.40
73
Real Estate
High School
2
Ratcliffe, James
$7.20
63
Chemical
BS Chemical Eng Birmingham U
3
Green, Philip & Christina
$5.80
64
Fashion
High School
4
Lewis, Joe
$5.30
79
Investment
High School
5
Branson, Richard
$5.10
66
Conglomerate
High School Dropout
6
Livingstone, Ian and Richard final
$4.30
56
Real Estate
High School
7
Barclay, David Federick
$4.90
82
Media, Retail
High School or Less
8
Graff, Lawrence
$4.60
78
Diamond
High School
9
Calder, Clive
$4.50
69
Record Label
High School or Less
10
Dyson, James
$4.00
69
Vacuum
BA Royal College of Art
11
Coates, Denise
$3.70
48
Online Gambling
EDU BA(S) U of Sheffield
12
Ashley, Michael
$3.50
51
Sportswear
High School
13
Ecclestone, Bernard
$3.00
85
Car Racing
High School Dropout
14
Platt, Michael
$3.00
48
Hedge Fund
BS London School of Economics
15
Hargreaves, Peter
$2.90
69
finance
High School, Chartered Accountant
16
Whittaker, John
$2.70
74
Real Estate
High School
17
Zakay, Ed & Sol
$2.40
69
Real Estate
No High school
18
Miller, Robert
$2.30
70
Duty Free
MS Cornell U
19
Caudwell, John
$2.30
63
Mobile Phone
High School
20
Morris, Tom
$2.30
61
Retail
High School or Less
21
Dunstone, Charles
$2.20
51
Mobile Phone
High School
22
Lazari, Maritsa
$2.10
71
Fashion, Real Estate
High School
23
Currie, Andrew
$2.20
60
Chemical
BS Cambridge University
24
Coates, John
$1.96
46
Online Gambling
Bristol University Law
25
Moshiri, Fardad
$1.91
61
oil service
BA University of London Chartered Acct
26
Lansdown, Stephen
$1.90
64
finance
Charter Accountant
27
Reece, John
$1.80
69
Chemical
BS U Cambridge
28
Hohn,Christopher
$1.70
59
Hedge Fund
MBA Harvard
29
Harding, David
$1.50
54
Finance
U Cambridge
30
Howard, Alan
$1.50
53
Hedge Fund
MS Imperial College London
31
Lo, Kenneth
$1.60
77
Textile
No High School
32
Schlosberg, Hilton
$1.57
63
Energy Drink
U Witwatersrand
33
Ashcroft, Michael
$1.50
70
Security
High School
34
Desmond, Richard
$1.50
64
Publishing
High School Dropout
35
Singh, Jasminder
$1.45
65
Hotel
High School.. Accountant
36
Coombs, Mark
$1.40
55
finance
MA U Cambridge
37
Dixon, Mark
$1.30
57
Office Real Estate
High School Dropout at age 16
38
Langley, Anthony
$1.27
61
Manufacturing
High School
39
Maskintosh, Cameroon
$1.20
69
music theatre
High School
40
Asfari, Ayman
$1.10
57
oil service
MBA U Wharton
41
Ibrahim, Mohammed
$1.10
70
Telecom
PhD Electrical Engineering, Birmingham University
42
Kataria, Raghuvinck
$1.10
67
diversified
High School or Less
43
Bloor , John
$1.03
73
Real Estate
No High School


$123.56
$2,700.00



average
$2.9
62.87




2. Of the top 10 richest self-made billionaires in UK, 6 are Jewish.   Overall the Jewish population made up less than 1% of UK population.

3.  More than 50% of UK Self-made Billionaires have high school or less education.
I could not believe my eyes.  Growing up in Hong Kong, I was taught the elite in UK consist of Oxford University and Cambridge University graduate.   But in the real world, the high school graudates are doing much better.
So, if you want to be the big boss like Richard Branson, Philip Green and Bernie Ecclestone, skip university. 

4. UK also has great diversity.
Overall, 3 Muslims made self-made billionaires, 3 women made the list too,  2 Indians, 1 Sudanese, 1 Maltese, 1 from Hong Kong, and even 1 from USA.   In short, everyone gets a chance to be self-made billionaire in UK.

My curiosity is: why are there so many angry Brits.  Their tax is high, the minimum wage of UK is higher than the minimum wage in US and there is greater social mobility there.



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