Sorrell, who was ranked 523 on the 1,000 Rich List, is reported to have a personal fortune of £125m, up 51% from £83m last year. He described 2009 as a “brutal” year for WPP with profits sliding by 21.4% to £662.6m and revenues down by 8.1%.
The list, which is based on identifiable wealth such as land, property and other assets such as shares in publicly quoted companies, saw a number of other media moguls reporting soaring fortunes (or unchanged) as the world recovers from the economic crisis.
Among them are brothers Lord Saatchi and Charles Saatchi have also a combined fortune of £125m, up from £120m last year.
The owners of the Telegraph Media Group, Sir David and Frederick Barclay wealth has gone up by by £800m, taking their fortune to £1.8bn.
Meanwhile, Richard Desmond, the Northern & Shell owner, whose assets include Express newspapers and OK! magazine, has a wealth of £950m, unchanged from last year. The fortunes of Felix Dennis, the owner of Dennis publishing, also remain unchanged at £500m. Viscount Cowdray and the Pearson Family, who have a stake in the Financial Times’ owner Pearson, now have an estimated wealth of £850m, up by £350m from last year.
The collective wealth of the 1,000 multimillionaires in the 2010 Sunday Times Rich List has climbed to £335.5bn, up £77.265bn on 2009. This is a 29.9% increase, easily the biggest annual rise in the 22 years of the Rich List.
This story first appeared on pitch