Peter Hargreaves worth £1.02bn; Pair make top100 Rich List

Katrina Lloyd
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Peter Hargreaves and Stephen Lansdown are now amongst the UK's 100 wealthiest people, according to the Sunday Times Rich List 2011.

The founders of the Bristol-based wealth manager reaped the rewards as their firm entered the FTSE 100 in March this year, with its market cap now £3.05bn. It was a good investment by the former accountants who put in just £500 each 30 years ago to kick-start the firm. Hargreaves is now 65th on the Rich List, up from 111 last year, with his wealth estimated at a huge £1.02bn. This is a rise of some £450m on 2010. The 64-year-old's stake in Hargreaves Lansdown is worth £938m. When the company floated in 2007, he sold shares worth £75m while dividends and salaries along the way boost hi...

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