Cyprus Mail

Easyjet’s Stelios the richest Cypriot in Britain

Sir Stelios Haji-Ioannou

EasyJet founder Stelios Hadjiioannou is estimated to be the richest Cypriot in Britain, according to this year’s ‘Rich List’ published by the Sunday Times.

The list includes the 1,000 richest people or families in the UK.

Sir Stelios is ranked number 48 with a fortune of GBP 2.95 billion.

Alkis David

Second among Cypriots is Alkis David and the Leventis family, in 62nd place with assets totalling GBP 2.2 billion. David’s assets include the live-streaming service FilmOn, while the Leventis family, of which David is part, is estimated to hold a GBP 1.9 billion share in Coca-Cola HBC.

At number 66 is the Lazari family with its large real estate holdings

Ranked the 90th wealthy person in the UK is Cypriot John Christodoulou, again because of real estate assets, which are worth GBP 1.5 billion.

Theo Pafitis, whose businesses focus on women’s lingerie and stationery, is valued at £301 million, which places him at number 409.

One other Cypriot on the list is Stelios Stefanou, founder of the charity Stefanou Foundation. With a fortune estimated at £140 million, he is ranked 793 on the rich list.

The 19th wealthiest person in the UK also has a connection to Cyprus. Norwegian shipping mogul John Fredricksen has got Cypriot citizenship and his fortune is valued at £6.7 billion.

John Fredriksen

The richest man in Britain for 2018 is self-made billionaire Jim Ratcliffe from a suburb of Manchester, a carpenter’s son. Ratcliffe’s net worth has increased a whopping £15.3 billion since last year, making him the first ever British-born industrialist to top the list.

He founded and now runs one of the world’s biggest chemical companies Ineos. He also owns yachts and an impressive property portfolio, which includes a huge estate in remote northeast Iceland that he bought in December.

The property of the 65-year-old Brit is worth £21.05 billion. Last year Rathkliff was at number 18 on the corresponding list.

In second place are Indian siblings Sri and Gopi Hinduja, who topped last year’s list, with £20.6 billion. They are active in the field of industrial construction and finance.

Third on the Sunday Times list is Len Blavatnik, who is worth £15.3 billion.

Blavatnik became a billionaire after the fall of Soviet communism. He built his wealth through the control of oil producer TNK, partner of BP.

When it was sold to Russia’s Rosneft in 2013, Blavatnik’s share was worth more than £4 billion. He also invests in aluminium producers and chemical companies, as well as the world’s largest producer of polypropylene LyondellBasell.

In 2011, he bought Warner Music and then The Beatles’ label, Parlophone.



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