There are no UK billionaires in the world's top rich list. Should we be worried?
While there are plenty of wealthy people in the nation, as of now, nobody on the British rich list of the country's wealthiest people has an adequate personal fortune for the world rich list's top 10 rankings. Sure enough, there is plenty of stiff competition when it comes to holding a top 10 place in the world's rich list, but you might find it perplexing that not a single billionaire in Britain can come close enough.
The world rich list of 2019 featured a number of prominent figures that were probably to be expected.
Jeff Bezos (founder of Amazon) takes the very first place, with an accumulated worth of £100 billion ($131 billion). Bill Gates comes next (with a whopping £74.5 billion), followed closely by Warren Buffet (£63.7 billion).
None of these wealthy individuals are British, even though the nation has its fair share of billionaires.
The Hinduja brothers are considered the wealthiest in the UK, after topping the Sunday Times Rich List for 2019 with a shared wealth of £22 billion ($28.5 billion). The brothers - Sri, 83, and Gopi, 79 - enjoy this accumulated wealth with their families, making their money from revenue produced by 50 companies. Their businesses reach a turnover of nearly £40 billion ($52 billion).
Even with this seemingly massive fortune, the Hinduja brothers failed to make it to the top 10 of the world rich list, slotting in at the 65th place.
A matter of perspective
While some people may be concerned about the lack of UK billionaires in the list, others aren’t as worried about the news. It all comes down to how the UK compares itself to the rest of the world.
In essence, the failure to reach the top 10 rich list could just indicate the current outlook of competitive wealth comparisons between the UK and countries like America. A fair number of iconic entrepreneurs, key industry leaders and innovators hail from the U.S.
The UK is still one of the world’s driving powers. Numerous initiatives and prominent work in technology and business still centre around the thriving nation.
Conversely, the news may also indicate a lack of motivation and action for wealth building in the UK when it comes to competing with other countries. Various factors come into play, from difficulties in the economy and a need for more wealth-driven efforts to issues with wealth accumulation and education in general.
One of the most effective and common ways in which billionaires build their wealth can be found in consistently sound investment activities. Rich people tend to make their money work for them, and good financial management is considered a key aspect to going above and beyond.
Wealthy individuals utilise resources and tactics to catapult their ongoing revenue streams. They might use experienced financial advisors or seek guidance from mentors and other experts regarding the best decisions they can make when growing their wealth. If you’d like to prepare to be the first Brit to make it on this rich list, contact me. Let’s figure out how we can try and get that done!