Photo: Joff Hopkins/Flickr
The growing pound shop industry has created a record number of millionaires, according to figures which show Britain’s richest people have become wealthier than ever, despite the recession.Eight of the country’s 1,000 richest people owe their fortunes to discount shops or pound stores, the latest Sunday Times Rich List suggests. Will Adderley, the deputy chairman and son of the founder of Dunelm Stores, which specialises in homeware, tops the list with £710m, up from £675m the year before.
Other individuals include brothers Rashid and Aziz Tayub, the owners of the Poundstretcher chain of shops, who are new entrants in the list, and Chris Dawson, a former market trader, who founded The Range, which sells toys, furniture, garden equipment and gifts. He claims that he still knocks his Bentley out of gear when going downhill to save on petrol.
Discounts shops, mostly privately owned, have been one of the few successes in the high street in the past couple of years, with many of them filling vacant sites left from the collapse of Woolworths in 2008.
Figures suggest there has been a 14.2pc increase in the number of pound shops in the UK over the past year.
The Rich List shows the combined wealth of the top 1,000 people based in Britain has hit £414bn, up 4.7pc on last year and surpassing the £413bn hit before the financial crash of 2008.
This has taken place while the average person’s income has fallen 1.8pc in 2011, according to the Office for National Statistics, and suggests the gulf between the richest in the UK and the rest is wider than ever.
The discount shop millionaires’ combined wealth is valued at £3.03bn, up from £2.47bn last year.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.