UNI-DIVISION

Calculations

In this study, Tippet and Wildauer (2023) analysed a newly constructed dataset from The Sunday Times Rich List (1989–2023) and found that the wealth of the UK’s 200 richest families increased by an average of 11.6% per year in nominal terms.


Nominal growth rate = 11.6% per year

Total wealth of UK's richest 63 individuals = £466 billion = 466,000,000,000

Nominal growth rate: r = 11.6% = 0.116

Annual increase = W × r

466,000,000,000 × 0.116 = £54,056,000,000 per year

Per-second increase = £54,056,000,000 ÷ 31,536,000 = £1,714 per second


The UK’s richest 63 individuals accumulate £1,714 per second