Peter Hargreaves worth £1.02bn; Pair make top100 Rich List

Katrina Lloyd
clock

Peter Hargreaves and Stephen Lansdown are now amongst the UK's 100 wealthiest people, according to the Sunday Times Rich List 2011.

The founders of the Bristol-based wealth manager reaped the rewards as their firm entered the FTSE 100 in March this year, with its market cap now £3.05bn. It was a good investment by the former accountants who put in just £500 each 30 years ago to kick-start the firm. Hargreaves is now 65th on the Rich List, up from 111 last year, with his wealth estimated at a huge £1.02bn. This is a rise of some £450m on 2010. The 64-year-old's stake in Hargreaves Lansdown is worth £938m. When the company floated in 2007, he sold shares worth £75m while dividends and salaries along the way boost hi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read