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SHOP TALK
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Tuesdays 16:00-16:30
Intelligent and entertaining conversation about business, money, technology and workplace issues.

Presented by Heather Payton, each programme picks up on trends and returns to stories that have moved out of the headlines.
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Listen to Shop Talk for 31 August 2004
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HEATHER PAYTON
Heather Payton
 
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Tuesday 31 August 2004
An image of Roman Abramovich.
Millionaires - ten-a-penny?

Millionaires

Millionaires, apparently, are getting to be 'ten-a-penny'. It's reckoned that one in fifty British households is now worth at least a million because of surging house prices, one in twenty if you live in London, adding up to more than 400-thousand families. That's nearly double the figure of just three years ago.

But even if you take houses out of the equation, there are still something like 150-thousand real millionaires, with more than a million in spendable assets, again a sizeable increase. And forty billionaires live in London, which has the highest billionaire count of any city in the world.

Britain's wealth is no longer in the hands of the aristocracy. Three quarters of those listed in the Sunday Times Rich list this year were self made.

So who are all these people who've made so much dosh, how did they do it, and more important perhaps for the rest of us, what impact has the arrival of the super rich had on society.

Guests

Peter Dawe
founder of Pipex

Simon Woodroffe
founder of Yo Sushi

Douglas McWilliams
Chief Executive of the CEBR

Peter York
social commentator and management consultant

John Nickson
Director of the Royal Academy Trust

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