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Preston-born hedge fund manager tops Rich List with £10 billion fortune

Posted on - 20th May, 2022 - 7:00am | Author - | Posted in - Business, People, Preston News
Michael Platt Pic: BlueCrest Capital Management Ltd
Michael Platt tops the North West Rich List Pic: BlueCrest Capital Management Ltd

A Preston-born hedge fund manager is the richest person in the North West of England, according to the new edition of The Sunday Times Rich List.

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Michael Platt, 53, who lives in Switzerland, has seen his fortune rise by £2 billion in the past year.

The co-founder and chief executive of BlueCrest Capital Management is now worth £10 billion, ranking him equal 11th in the wealthiest people in the UK.

Read more: Jubilee Spending Spree will give away £28,000 to lucky Preston customers

Cheshire-based Hugh Grosvenor, 31, The 7th Duke of Westminster, has lost the number one spot on the North West Rich List after a fall in his family’s fortune to £9.726 billion, down £328 million from last year.

The 68-page special edition of The Sunday Times Magazine reveals the wealth of the 250 richest people in Britain in its 34th annual edition.

There are a record 177 billionaires in the UK this year, up six from 2021. The combined wealth of the UK billionaires is £653.122 billion. That’s up by 9.4 per cent to £55.853 billion on the total wealth of the billionaires in last year’s Rich List. 


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