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

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Reader's comments (1)

75M isn't very rich

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