Sir Philip Green is ‘no longer a billionaire’ after fortune halves
Sir Philip Green is estimated to have lost his billionaire status according to The Sunday Times Rich ListBut the plummet still placesThe Arcadia Group - which includes Topshop, Burton and Dorothy Perkins - was valued as worthless in this year's list, as the company copes with a pension debt which hit £565million.
Robert Watts, who compiled the list, said he struggles to see the tycoon returning to the "upper echelons". The businessman, who sold the department store chain to Dominic Chappell for £1 before it plunged into administration, agreed to pay £363million towards the deficit.3. Sir Jim Ratcliffe: £18.15bn6. Kirsten and Jorn Rausin: £12.256bn10. Mikhail Fridman: £10.9bnSir Philip has also faced a slew of allegations, including of groping a female executive and making a racial slur at an employee.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philip Green is 'no longer a billionaire' and 'Arcadia is worthless'The retail tycoon's fortune is estimated to have halved in a year because of a pension black hole in his empire
Read more »
Sir Philip Green no longer a billionaire as fortune halves in a year - Sunday Times Rich ListThe retail tycoon has reportedly seen his fortune plummet by a whopping £1.05bn in 12 months and it now stands at £950m.
Read more »
Meghan Markle baby: Prince Philip takes mind off ENDLESS waiting with carriage rideA royal super fan waits for the arrival of Meghan Markle and Prince Harry's royal baby at Windsor Castle on his 84th birthday.
Read more »
Philip Hammond's minimum wage increase would be bad politics and even worse economics'It is also surely no coincidence that the country with the highest minimum wage, France, has some of the highest rates of unemployment, particularly among young people,' julianHjessop writes
Read more »
Philip back by Queen's side as he breaks retirement for rare official eventPrince Philip back by Queen's side as he breaks retirement for rare official event
Read more »
Dead man elected mayor of Texas cityMaypearl City Council to appoint new official with Philip Veltman having died in March
Read more »
Royal baby: How Prince Philip reacted with SAVAGE comment after birth revelation
Read more »
Queen and Prince Philip beam as they meet baby Archie for the first timeThis touching snap shows The Queen meeting her eighth great-grandchild at Windsor Castle today alongside delighted new parents Meghan and Harry
Read more »
Champions League fever fuels spike in BT Sport sign-ups – CEOPhilip Jansen claims BT has fielded ‘astounding’ number of calls from fans eager to watch final
Read more »
Archie Harrison has a different surname to Meghan Markle and Prince Harry in tribute to Prince PhilipEARLIER this week, Prince Harry and Meghan Markle introduced their adorable son Archie Harrison Mountbatten-Windsor to the world. But while we couldn’t get enough of the Duke and Duchess̵…
Read more »
Hinduja brothers take back top spot in annual Rich ListIndian-born, London-based industrialists reclaim crown from Ineos owner Jim Ratcliffe as Philip Green loses billionaire status
Read more »