POLITICS

More Than A Third Of Those On Sunday Times Rich List Are Tory Donors

35 of 100 wealthiest have given Conservatives financial support.

08/05/2017 11:05 | Updated 09 May 2017
PA Wire/PA Images

More than a third of the 100 richest people in Britain are also Tory donors, new analysis has revealed.

The Sunday Times has published its annual rich list and 35 of those featured - who have a net worth of £123 billion - have collectively given £19 million to the Conservatives since 2001.

Since the 2015 election, 12 have handed over more than £1.3 million and since Theresa May entered 10 Downing Street, three have given more than £180,000.

The PM has said she believes political parties must end their dependency on large donors to ‘restore public trust’, but Labour’s election co-ordinator Andrew Gwynne said the Rich List revelations cast doubt on her campaign theme of ‘a country that works for everyone’.

“The Rich List reads like a who’s who of Tory donors,” he added.

 “That so many of the top 100 have donated so much to the Tories, shows you that they really are the party of and for a privileged few, not the many.

“While the Tories have been going cap in hand to the country’s wealthiest tycoons, they have slashed taxes for those at the very top and raised taxes for working people.

“Working people deserve better than Tory failure. Only a Labour Government will stand up for you and your families.”

PA Wire/PA Images
Andrew Gwynne, Labour's election co-ordinator.

Analysis by Labour lists companies registered as having made donations and their associated individuals, including Virgin Group, JCB, Specsavers and Shop Direct.

But a Virgin spokesperson said no cash donation had been made by company boss Sir Richard Branson, and the figure had been reached by calculating flights and flight upgrades given to the party by Virgin Atlantic.

“Sir Richard Branson avoids party politics and has never given a personal donation to any political party,” she said.

“This ‘donation’ represents Virgin Atlantic flights and flight upgrades given to the Conservative party since 2001. Flight upgrades have been given to all three main political parties, including the Labour Party, and many were to support important charity work in countries such as Kenya.”

The full list of donations is below:

Rank

Name

Associated

Net worth (£m)

Source of wealth

Since 2001

Since 2015 GE

Since May

2 (3)

Len Blavatnik

Access Industries

15,982

Investment, Music, Media

£94,450

£60,000

£0

3 (1)

David and Simon Reuben

Reuben Brothers

14,000

Property, Internet

£4,000

£0

£0

7 (4)

Guy, George and Galen Jr Weston and family

George Weston Limited

10,500

Retailing

£30,000

£0

£0

11 (9)

Hans Rausing and family

Tetra Pak

9,250

Packaging

£1,250,750

£0

£0

15 (12)

Sir David and Sir Frederick Barclay

Shop Direct Group

7,200

Property, Media, Internet retailing

£16,197

£0

£0

17 (16)

Earl Cadogan and family

Cadogan Estates

6,500

Property

£22,940

£0

£0

23 (19)

Sir Richard Branson and family

Virgin Group

4,865

Transport, Finance, Fitness clubs

£70,839

£0

£0

26 (23)

Bruno Schroder and family

Schroders

4,260

Finance

£27,885

£0

£0

35 (27)

Lord Bamford and family

JCB

3,300

Construction equipment

£7,276,989

£356,844

£114,815

36 (36)

Sir Henry Keswick and family

Jardine Matheson Holdings

3,260

Property, Retailing, Hotels

£996,889

£65,239

£52,239

37 (32)

Eddie and Sol Zakay

Topland Group

3,250

Property

£77,800

£1,500

£0

40 (39)

Sir Anwar Pervez and family

Bestway

2,950

Cash and carry

£630,702

£110,500

£20,000

48= (53)

Michael Platt

BlueCrest Capital Management

2,400

Hedge fund

£125,000

£98,673

£0

52 (57)

Stephen Rubin and family

Pentland Group

2,300

Sportswear

£2,000

£0

£0

55 (50=)

Barnaby Swire and family

Swire Gorup

2,150

Property, Transport, Industry

£2,000

£0

£0

57= (182=)

John Reece

Reece Group

2,050

Chemicals

£22,000

£0

£0

60= (174)

Anil Agarwal

Vedanta Resources

2,000

Mining

£98,673

£98,673

£0

60= (67=)

Bernard Lewis and family

River Island

2,000

Property, Fashion

£51,000

£0

£0

67= (71)

Alki David and the Leventis family

Leventis-David Group

1,900

Drinks, Media

£20,000

£20,000

£0

70 (61)

The Lazari family

 

1,777

Property

£5,000

£0

£0

77= (66)

Douglas and Dame Mary Perkins and family

Specsavers

1,600

Opticians

£2,750

£0

£0

77= (72)

Sir Ian Wood and family

Wood Group

1,600

Oil services, Fishing

£22,000

£0

£0

82= (67=)

John Caudwell

Phones4U

1,514

Mobile phones

£4,000

£0

£0

84= (67=)

Adam Fleming and family

Fleming Family and Partners

1,500

 

 

 

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