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Branson fortune falls but Stelios on the rise

Hotels
Rob Gill
14 May 2018

Virgin Atlantic founder Sir Richard Branson has again been named as the travel industry’s richest person, despite seeing his family’s wealth fall by £340 million over the last year.

He said the group’s travel and leisure businesses faced a “massive battle to survive and save jobs”

Branson and his family is worth an estimated £4.5 billion in this year’s The Sunday Times Rich List, which gives him a ranking of 29th overall in the UK – down from 23rd place a year ago.

Another airline entrepreneur, easyJet founder Sir Stelios Haji-Ioannou saw his family’s fortune increase by £1 billion year-on-year to reach £2.95 billion, thanks mainly to a rise in easyJet’s shares and dividends over the past year. Haji-Ioannou is ranked 48th overall compared with 64th in 2017.