The Phoenix Newspaper - June 2014

Page 1

Professor Carl Chinn brings history to life for Erdington youngsters Page 31

JUNE 2014

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Get Active This Summer - Page 27

Celebs out in force for hero Harry - Page 7

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Fostering: love is all that matters

F Indian-Born Brothers Top British Billionaires List

F

or the first time, there are more than 100 billionaires in Britain according to The Sunday Times Magazine, with Indianborn brothers, Sri and Gopi Hinduja topping the rich-list amassing a fortune of £11.9bn – an increase of £1.3bn on last year’s figures. An exclusive survey conducted by the authors of The 2014 Sunday Times Rich List, which shows that London has more sterling billionaires than any other city in the world, with Britain having more billionaires per

head of population than any other country. The Hindujas, who head the family-owned global conglomerate; Hinduja Group, have replaced Alisher Usmanov at the top of the billionaire list. Usmanov, a Russian citizen born in Uzbekistan, has seen his fortune decrease by £2.65bn to £10.65bn because of the fall in the value of the rouble and Russian stock values after the Ukraine crisis. Of the 104 billionaires in the UK, 72 are based in London. Trailing well behind the British capital is Moscow with 48 ster-

ling-equivalent billionaires, New York with 43, San Francisco with 42, Los Angeles with 38 and Hong Kong in sixth place with 34 people worth £1bn or more. The special Sunday Times Magazine issue provides a unique insight into the lives and wealth of the 108 billionaires in Britain and Ireland and shows that the combined wealth of the Britain’s super rich is now well ahead of the pre-recession levels of 2008, when the total wealth of the UK’s 75 billionaires was £201.985bn. The combined wealth of

Britain’s 104 billionaires is £301.133bn. A year ago there were only 88 billionaires in the UK, worth a total of £245.664bn. In 2004 there were just 30 billionaires in Britain, with a combined wealth of £65.299bn. Ten years ago a personal fortune of £700m was required to join the exclusive club of the 50 wealthiest people in the country. Today the entry point to the UK top 50 is £1.7bn. This is the first time since 2008 that the minimum wealth of the 50 richest people in the country has exceeded £1.5bn.

ostering is not for all people and definitely not for the faint hearted! But for me I can honestly not think of anything else in my life I'd rather be than a foster Mum. Thrown into a world I knew little about and purely by accident after 20 years of working along social services fostering, over two hundred children, I still learn something new every day and there truly isn't many paths in life that can do that… I have sat in many coffee mornings, afternoon teas, gym classes and exhibitions talking

to complete strangers. I have this annoying habit of talking to every Tom, Dick, and Harry and strangely enough when we get onto the subject of careers or what your dreams are, what you aspire to, the conversation suddenly goes ghostly quiet. I'm normally last at answering the question of what I do, which strangely enough I have mastered the avoidance technique. I sit listening to their stories (I am a fitness instructor and personal

Continued on Page 28

l Debbie Douglas and her daughter Lydia


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