Sunday, 24 April 2016

meet Britain's first billionaire car dealer

Sir Arnold Clark
Sir Arnold Clark is currently  Britain's first billionaire car dealer, according to the Sunday Times Rich List 2016.
The newspaper has estimated the 88-year-old and his family's fortune at just over £1bn, putting them at 114th in the list.
It said profits at Glasgow-based Arnold Clark Automobiles reached a record £107.2m in 2014, on sales of £3.2bn.
The business is estimated to be worth £1bn. Other assets include the yacht Drum, once owned by Simon Le Bon.
Sir Arnold started his business in 1954. He was knighted in 2004.
The highest-placed Scots on the rich list, at 49th, are the Grant-Gordon family, owners of Banffshire whisky distiller William Grant.
Their fortune is estimated at £2.16bn - £10m more than last year.
The Sunday Times valued the business at £2bn, with past dividends and other assets adding £160m.

The distiller's brands include Grant's, Glenfiddich, Drambuie and Hendrick's Gin.
Image copyright Reuters

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