Three Welsh billionaires on Sunday Times Rich List
- Published
Sir Michael Moritz is chairman of the US-based venture capital firm, Sequoia Capital
Wales has three billionaires, with Cardiff-born Sir Michael Moritz the wealthiest, according to the Sunday Times Rich List.
Sir Michael, who made his fortune investing in firms including Google, PayPal and Yahoo, is now worth 拢1.75bn.
He is joined by two others in the Welsh billionaires club - Specsavers co-founder Douglas Perkins and Celtic Manor owner Sir Terry Matthews.
It is the first time Wales has had three billionaires since 2011.
Doug and Dame Mary Perkins, the founders of Specsavers, met while studying in Cardiff
Mr Perkins, who was born in Llanelli, Carmarthenshire, and grew-up in Ammanford, built up Specsavers with his Bristol-born wife Dame Mary, who he met while studying optometry at Cardiff University.
The company's 61% increase in wealth is one of the biggest in this year's rich list, giving Mr Perkins and his family a fortune of 拢1.4bn.
The family has overtaken telecoms and computers entrepreneur Sir Terry on the Welsh rich list, who is now third after his wealth dropped by 拢150m this year to 拢1.04bn.
Closing in on billionaire status is Simon Nixon, up another 拢135m this year to 拢945m.
He made his money from Moneysupermarket.com which he founded with Duncan Cameron after dropping out of university.
Britain's richest man is Warner Music owner Len Blavatnik with a 拢13.17bn fortune, according to the list.
Sir Terry Matthews brought the Ryder Cup to Wales when it was held at his Celtic Manor Resort
The Sunday Times Rich List for Wales
1. Sir Michael Moritz - 拢1.75bn
2. Douglas Perkins and family - 拢1.4bn
3. Sir Terry Matthews - 拢1.04bn
4. Simon Nixon - 拢945m
5. David Sullivan - 拢850m
6. Steve Morgan - 拢740m
7. Henry Engelhardt and family - 拢590m
8. John Deer - 拢359m
9. Lord Heseltine and family - 拢280m
10. Lawrence Jones and family - 拢247m
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