Chancellors make impression on Rich List

The Duke of Westminster has been revealed as the country’s richest university chancellor in a list of the UK’s wealthiest people.

April 23, 2013

Source: Allan Warren

Gerald Grosvenor, Duke of Westminster

According to The Sunday Times Rich List 2013, the chancellor of the University of Chester has a fortune of £7.8 billion, money he earned through his property empire Grosvenor Estates. He is eighth in the Rich List overall and the wealthiest UK-born person in the annual ranking.

His vast wealth makes up more than half of the combined fortune of the 10 richest university chancellors.

Together, the chancellors are worth almost £13 billion, only £3 billion less than the combined total of the top 10 musicians, who hold more than £16 billion.

After the Duke of Westminster, the second-richest chancellor is Lord Paul, the chancellor of University of Wolverhampton and a Labour peer. His £2 billion fortune comes from his company Caparo group, which specialises in steel and engineering.

Third on the list is Lord Ashcroft, chancellor of Anglia Ruskin University and a Conservative peer, who has made his £1.2 billion in business and through investments in health, cleaning and security.

Others identified as among the wealthiest chancellors include University of Derby figurehead the Duke of Devonshire ( who is worth £720 million), University of Cambridge chancellor Lord Sainsbury (£590 million) and University of Reading chancellor Sir John Madejski (£100 million).

Top 10 Chancellors in Sunday Times Rich List 2013

NumberNameUniversityFortuneOverall Place in Rich List
1The Duke of WestminsterChester£7,800m 8
2Lord Paul Wolverhampton£2,000m38
3Lord Ashcroft Anglia Ruskin£1,200m=64
4The Duke of DevonshireDerby £720m=120
5Lord SainsburyCambridge£590m=150
6The Marquess of SalisburyHertfordshire£5m=299
7Sir John MadejskiReading£100m=777
8Lord Alli De Montfort£90m =859
9Lord TanlawBuckingham£85m=902
10Lord NoonEast London£75m=970

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Reader's comments (1)

75M isn't very rich

Have your say

Log in or register to post comments

Most Commented

Worried man wiping forehead
Two academics explain how to beat some of the typical anxieties associated with a doctoral degree

Felipe Fernández-Armesto takes issue with a claim that the EU has been playing the sovereignty card in Brexit negotiations

John McEnroe arguing with umpire. Tennis

Robert MacIntosh and Kevin O’Gorman explain how to negotiate your annual performance and development review

Man throwing axes

UCU attacks plans to cut 171 posts, but university denies Brexit 'the reason'

looking through a gap

University appeals ICO notice to publish report on refusal to take part in league tables