The seven richest, according to the Sunday Times, were born outside the UK, with the Duke of Westminster the highest ranking Briton at number eight, who has amassed almost £8 billion.

Head of the list is Russian oligarch Alisher Usmanov of iron ore producer Metalloinvest and part-owner of Arsenal football club, with a fortune of £13.3 billion.

He is followed by fellow Russian, Len Blavatnik of Warner Music, with £11 billion.

Russia’s Roman Abramovich fell by two places into fifth place with £9.3 billion. Third and fourth place are taken by Indian multi-billionaires Sri and Gopi Hinduja (Hinduja Group) and steel magnate Lakshmi Mittal on £10.6 billion and £10 billion respectively.

This is the 25th anniversary of the Rich List. It was first launched in 1989, during the dying days of Margaretpremierships of Tony Blair and Gordon Brown.

The result, even after the financial crash of 2008, is the continued enrichment of the global financial oligarchy.

The BBC headlined that the Rich List showed “The Changing Face of Wealth”. When the list was first published, it was headed by the Queen. She has now dropped out of the top 200 as the result of a decision not to count palaces and art collections as part of her personal wealth.

The list’s author, Philip Beresford, explained, “When I first started 25 years ago about two-thirds of the rich list were people who had inherited their wealth.

“Today, approaching 80 percent are self-made and that’s really a legacy of the Thatcher years.”

Market researcher Peter York told the BBC, “The very richest people on the list