Monday, 23rd November 2009

 

5 November 2008 - Press Briefing

Scotland's richest man suffers £250m fall in fortune

Scotland's richest man Sir Tom Hunter has suffered a loss of £250m (€308.1m) as the value of housing firms declined in the last few months, according to a report in the Scottish newspaper The Evening Times.

With Sir Hunter’s wealth dropping to £750m, the position of the country’s richest man is now held by Jim McCall, chief of Clyde Blowers, a Glasgow engineering firm, who has an estimated £800m fortune.

Read the original

Most Read

  1. High net worth City workers mull relocating to Switzerland
  2. Colonel Gaddafi's son buys £10m London property
  3. Lombard Odier hires from Coutts
  4. More US wealthy opt to surrender their citizenship
  5. Miller wealth start-up eyes family office mandates

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Rich Life

  1. Senior Bear and Lehman executives reaped $2.5bn in bonuses
  2. High net worth City workers mull relocating to Switzerland
  3. KKR's deal maker and truffle hunter
  4. Diary: Utopia for Yacht Lovers
  5. Colonel Gaddafi's son buys £10m London property

Related Content

  1. Lord Sainsbury trumps Sir Tom Hunter with £1bn donation

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347