How much David Clowes is worth as Derby County owner makes Sunday Times rich list..
Latest Derby County news from DerbyshireLive brings you the latest as the Sunday Times releases its full rich list.
Derby County owner David Clowes and family remain in the top 350 richest people in the UK according to the latest Sunday Times rich list.
Clowes and his family’s net worth rose from £360m to £380m over the last year, putting him tenth in the top 10 wealthiest people in the East Midlands.
He climbed from 348 in the rankings to 326 after a hugely successful year for his business, Clowes Developments, a construction and real-estate development company.
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It caps off what has been a memorable 12 months on and off the pitch for the businessman with Derby gaining promotion from League One – just two years after he had rescued the club out of administration and then surviving their first season back in the Championship.
Last December, Clowes Developments announced a profit of £9.6m which came after 2023 was the most successful year in the company’s history.
Clowes Developments is considered one of the biggest privately owned property investment and development companies in the country and in 2023 delivered more than one million square feet of design and build commercial units to a range of clients.
Clowes’ inclusion on the Sunday Times’ rich list comes as the 76-page special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide’s 37-year history, from a peak of 177 in 2022 to 156 this year.
The number of billionaires has dropped for three successive years – this year’s decline is the sharpest yet.
This year’s list of 350 individuals and families together hold combined wealth of £772.8 billion — three per cent down on last year. Sir Elton John, Lord Lloyd-Webber, Sir Mick Jagger, Keith Richards, Euan Blair, Sir Lewis Hamilton and Sir Christopher Nolan all appear in the annual survey. The combined wealth in the 37th annual edition is £772.8 billion — a sum larger than the annual GDP of Switzerland.
The minimum entry level flatlines at £350 million — another indicator of a subdued year.
Robert Watts, compiler of the Sunday Times Rich List, said: “The Sunday Times Rich List is changing. Our billionaire count is down and the combined wealth of those who feature in our research is falling.
“This year we were also struck by the strength of criticism for Rachel Reeves’s Treasury. We expected the abolition of non-dom status would anger affluent people from overseas. But homegrown young tech entrepreneurs and those running centuries-old family firms are also warning of serious consequences to a range of tax changes unveiled in last October’s budget.”
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