Latest news with #TimesRichList
Glasgow Times
a day ago
- Business
- Glasgow Times
Glasgow's Jamie Genevieve hints at secret new chapter ahead
The Glasgow-born make-up artist and founder of the cult-favourite vegan and cruelty-free cosmetics brand VIEVE shared a photo on social media featuring packed suitcases and moving boxes, prompting speculation that a big relocation could be on the cards. One intrigued follower commented: "Oh?!? Did I miss some chapters?!" Jamie, who began her career working on the Estée Lauder counter at Debenhams in Glasgow, launched VIEVE in 2020. We reported back in March that she earned a spot on The Sunday Times' inaugural Beauty Rich List, ranking among the top 30 wealthiest entrepreneurs in the hair, beauty, and make-up industry. READ MORE: Glasgow make-up artist named in Sunday Times Rich List VIEVE made headlines again last December with the opening of its first brick-and-mortar pop-up in Glasgow's Buchanan Galleries, where fans could shop best-selling products such as Skin Nova, Modern Mascara, Sunset Blush Balm, Lip Dew, and the newly launched Skin Nova Complexion Balm. The Glasgow Times spoke to Kathy Murdoch, Centre Director at Buchanan Galleries at the time of the store's opening. She said: "VIEVE is one of the most frequently requested brands by our guests, so we're really excited to be welcoming them to our retailer line-up this year, just in time for Christmas. "There is already a real buzz about VIEVE returning to its hometown with a new pop-up, providing an opportunity for visitors to explore their fantastic beauty collection. "It's going to be well worth the wait for our guests." READ MORE: Cult makeup brand VIEVE opens pop-up store in Glasgow The store also offers personalised advice and make-up services from in-store artists, making it a must-visit destination for beauty enthusiasts. While Jamie hasn't revealed any concrete details about what's next, her cryptic post has fans eagerly watching her social channels for more clues..
Irish Daily Mirror
5 days ago
- Business
- Irish Daily Mirror
Premier League legend amasses huge net worth with impressive property empire
A former Liverpool striker has amassed a substantial fortune after building an impressive property empire over the past few decades. The player in question had two stints at Anfield, netting a staggering 183 goals during his tenure at the club. He also had spells with Leeds United, Manchester City and Blackburn Rovers before retiring in 2012. The forward would have pocketed a significant sum from his football contracts but has also been raking in millions off the pitch. He began investing when he was just a teenager and has accumulated a diverse portfolio of properties. A few years ago, he even established his own academy to educate budding investors through workshops and courses. The player in question is, of course, former Liverpool and England sharpshooter Robbie Fowler. He is believed to be worth more than £31million, according to Celebrity Net Worth, making him wealthier than current Reds stars like Virgil van Dijk and Alisson Becker, reports the Express. Fowler didn't wait until the end of his career to build his property empire, featuring on the Sunday Times Rich List twice while he was still playing. At one point, he was even labelled the 'richest sportsman living in Britain' by The Observer. Reflecting on his investment journey back in 2015, Fowler revealed that former Liverpool captain Graeme Souness was responsible for sowing the initial seed. Fowler has opened up about his accidental journey into property investment, revealing to The Guardian: "I started investing in property almost by accident," and "Graeme Souness put me in touch with a financial adviser who advised me to go into property." The Liverpool legend also shared the dynamics of his partnership with his wife, saying, "Since then, and I'm not embarrassed to admit this, it's my wife who's the one who has been wearing the trousers. She's the boss. She did it all while I was playing. Basically I go out and earn the money. She's happy with that concept." While Fowler's property portfolio is largely centred around Liverpool, he remains tight-lipped about the exact number of properties he owns, stating, "I've got more than 10. I'm a private person. I don't like to disclose everything." Despite his success, Fowler maintains a down-to-earth approach influenced by his Toxteth upbringing, insisting that he doesn't exploit his tenants: "Some people can't afford to buy, so as a landlord you are providing a benefit for other people," and "You are providing a service. Some landlords have been greedy, but you certainly won't get that from me after the upbringing I had in Liverpool."
Yahoo
6 days ago
- Business
- Yahoo
Edinburgh Hibs fans hail Sir Tom Farmer a 'hero' as they say final farewell
Edinburgh locals have shared moving stories and memories of Edinburgh philanthropist and Hibs icon Sir Tom Farmer Hundreds gathered to pay their respects on Wednesday afternoon at Easter Road stadium as Sir Tom's coffin was driven by around 12.45pm. He passed away on May 9 at the age of 84, and many Hibs fans and locals have been left saddened by his death. Described as a 'true gentleman' and a 'hero', Sir Tom owned a majority stake in Hibs for 28 years. READ MORE: Edinburgh's Sir Tom Farmer funeral procession to make way past Easter Road READ MORE: Viral Edinburgh bakery tells punters 'stop eating pastries on neighbours' property' Born in Leith in July 1940, he founded the Kwik Fit chain of garages back in 1971. Speaking to Edinburgh Live at Easter Road, Lorraine Meedham, 62, said: "We are here for everything he did for the fans. "Back in the 90s, Tom really stepped in and saved Hibs. We are also here because of everything he has done for charity. He is a really good man and we wanted to show our respects." Alan and William Budge are lifelong Hibs fans and were also in attendance on Wednesday afternoon. Alan, 60, said: "He saved the club. We needed to be here just for the fact he is an incredible man who rescued Hibs." Stuart Graham, 55, who said he will "die a Hibs fan" added: "It's all because of Tom that Hibs are still alive. If it wasn't for him coming in when he did, the club wouldn't be where it is today. "I have been a Hibs supporter all my life - born a Hibs fan and I will die a Hibs fan - it was extremely important for me to be there for him today." Theresa Ferguson, 67, teared up as she described the Edinburgh icon. She said: "Tommy was a hero. My uncle worked for him when he had Kwik Fit - he was a family man and a true gentleman. "We are so sad to have lost him and it was devastating to find out he had passed." Nicky Ferguson, 37, added: "I have been a Hibs fan for 37 years. "The turnout shows how much he was loved and the difference he made for the fans. He did so much for the club, if it wasn't for him, the club would not be here." His hearse was driven past Hibernian FC's Stadium and it's understood a memorial service will be held for Sir Tom later in the year to commemorate his contribution to civic and public life throughout the country and beyond. Details are yet to be confirmed. Sir Tom, a former director of MyTravel Group and ScottishPower, was hailed by Scotland's First Minister John Swinney as a "generous individual to so many causes in Scotland". According to the Sunday Times Rich List from 2020, he was worth an estimated £126million. He grew Kwik Fit to become an international chain before selling it to Ford for £1 billion in 1999. Sign up for Edinburgh Live newsletters for more headlines straight to your inbox A touching statement from his family reads: "Sir Tom's long and extensive career touched many aspects of Scottish and UK life. His business career is well documented, as was his commitment to philanthropy, his many public roles and his unwavering support and appreciation for the communities and people that he lived his life within. "More than anything Sir Tom was a family man. Born in Leith, Edinburgh, in 1940 he was the youngest of seven children. He frequently spoke of the love, care and attention that was bestowed upon him by being the youngest in such a large family. "Leith provided a wonderfully supportive environment for him growing up as a child and he retained a lifelong affection and connection to the area. Along with his three sisters and three brothers, the siblings formed strong bonds from a young age that they continued to enjoy and cherish throughout their lives. "Sir Tom had many nieces and nephews to whom he was proud to be an Uncle to them and their families. In 1966 Sir Tom married his dearly beloved wife, Anne. "They met at their local church, St Mary, Star of the Sea, and were married for 57 years up until her death in 2023. In later years, when asked about the secret to his success he would often say it was because he 'married a girl like Anne'. "They lived their whole married life in Edinburgh and are survived by their two children and four grandchildren. Sir Tom's Roman Catholic faith was present throughout all areas of his life. "He attended mass weekly in Edinburgh and enjoyed the friendship and company of many people with the Catholic community both here in Scotland and further afield. Sir Tom will be remembered by many for his deep commitment to his family, his work and his faith and for being at all times a proud Scotsman." Join Edinburgh Live's Whatsapp Community here and get the latest news sentstraight to your messages. Hibs previously paid tribute in a post on X, saying: "Hibernian FC are devastated to hear of the passing of former owner Sir Tom Farmer, aged 84. "Thank you for everything, Tom. Rest in peace."
Business Mayor
24-05-2025
- Business
- Business Mayor
The Guardian view on billionaire Britain: tax wealth fairly or face democratic unravelling
B ritain for the last decade has experienced a bleak paradox: rising child poverty alongside a dramatic increase in billionaire wealth. This inequality has been tolerated partly because greed has been rehabilitated as virtue. The Billionaire Britain report, published this week by the Equality Trust, reveals what many instinctively feel but few in parliament will admit: the UK economy has become a machine for the upward redistribution of wealth. Using Sunday Times Rich List data, the report found that the 50 wealthiest UK families now own more than the poorest half of the population combined. Their opulence is no accident. It's largely built on the labour and consumption of those 34 million other Britons. The gains of society are being hoarded by those least in need. There's a lexicon that sells it all as 'entrepreneurial spirit' and business dynamism. But the very markets that reward the wealthiest so handsomely are constructed and policed by the state. Governments entrench intellectual property rights, strengthen legal monopolies and write policies that benefit banks and asset markets. Austerity was imposed on the many, even as a decade of quantitative easing created fiscal space that could have been used for public good. Instead it enriched the already wealthy by inflating property and share prices while tax cuts benefited the rich. A small correction to pandemic-driven gains for the billionaire class signifies no major shift. Their fortunes are 10 times larger today than they were in 1990. Louis XIV's finance minister said good tax policy plucks the most feathers with the least hissing. It was suggested that the government's small-scale tax rises had triggered a full-blown squawk. More than 10,000 millionaires, it was reported, had fled the UK in 2024. The source? Not actual migration data, but a firm selling second passports to the nervous rich. It is hard to not think such a company feeds on tax panic. Its numbers appear more astute marketing than solid evidence. Labour should be immune to such public relations stunts. Billionaires do not emerge in a vacuum. They are the product of deliberate choices. Property speculation, inheritance laws and tax avoidance schemes are not spontaneous market outcomes. They are often lobbied for by people with access to government, on behalf of those who stand to profit. It's no accident, then, that over a quarter of UK billionaires built their wealth through property and inheritance, and another quarter through finance – sectors that rely on rent extraction more than innovation. The rich get richer because political leaders protect that growth – often in service of their own ambitions. A Britain governed in the public interest must not defer to a plutocratic class. There needs to be a break with the current model. Politicians could, as a start, take up Tax Justice UK's idea for a 2% wealth tax on assets over £10m. Campaigners say this would raise £24bn annually – enough to begin repairing broken Britain. Oxfam says 78% of the public would support such a progressive levy. Yet such proposals are still framed as radical. What's radical is that monopoly profits end up in private hands while the state can't fund public services. It is inescapably true that the rules have been written to benefit a tiny elite. They can be rewritten. If not, then the cost to society risks being paid in populist anger, democratic decay and a long-term loss of trust.
Scotsman
19-05-2025
- Business
- Scotsman
The Sunday Times Rich List 2025 Dua Lipa Hinduja family net worth
From the latest Sunday Times Rich List and the King's personal wealth hitting £640m, to a shareholder revolt at Next - here are today's top UK business stories. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The billionaire Hinduja family has topped the Sunday Times Rich List for a fourth year, despite a dip in their fortune. The King's personal wealth has jumped to £640 million, putting him level with Rishi Sunak and Akshata Murty. The UK now has 156 billionaires, down for the third year running - due to political uncertainty and tax. Sir James Dyson, Sir Jim Ratcliffe and Russian-born gaming moguls the Bukhman brothers also made the top ranks. Advertisement Hide Ad Advertisement Hide Ad Pop star Dua Lipa is the youngest person to feature in the Under 40s List. Fashion tycoon Anders Holch Povlsen was named the richest person in Scotland for the fourth year in a row. Next shareholders battle and taxpayers stake in NatWest falls: Business in Brief In other news, Next has faced a shareholder revolt over low pay, with more than a quarter backing calls for more transparency. Nearly 27 per cent supported a proposal to reveal how many staff earn less than the real living wage. The motion, led by campaign group ShareAction, was backed by major investors including Scottish Widows. It's part of wider pressure on retailers like M&S and JD Sports as the cost-of-living crisis drags on. Media group Future says it now expects revenues to decline this financial year. The Go Compare and Maire Claireowner blamed 'ongoing macroeconomic uncertainty' and a weaker US advertising market in March. Revenue fell three per cent to £378.4 million in the first half, but digital ads rebounded last month. Future says it's taking a more cautious view for the second half of the year. The taxpayer's stake in NatWest has fallen to below one per cent. The real estate firm Landsec has reported strong annual results, with rental income up five per cent and profits of £393 million. The property giant says demand for quality space is driving earnings and portfolio growth. It plans to shift £3 billion from offices into retail and housing, investing £1 billion more in major retail. Dividend payments rose two per cent, and occupancy hit its highest level in five years. The taxpayer's stake in NatWest has fallen below one per cent, nearly 17 years after the bank's £46 billion bailout. The Treasury has sold off more shares, cutting its holding from 1.98 to 0.9 per cent. NatWest was once 84 per cent state-owned after the 2008 financial crisis. The bank says it shares the Government's ambition to return to full private ownership.
