Sir Philip and Lady Green see their fortune fall to £2bn after losing £787MILLION in the last year – but they’re STILL one of fashion’s richest families
Sir Philip Green and his wife Tina have seen their joint fortune fall to £2billion, it has been revealed.
The retail power couple lost £787million amid declining sales at their holding company Arcadia, which owns high street favourites Topshop and Burton.
But Sir Philip, 66, and Lady Green’s staggering fortune still earns them a place on the Sunday Times Fashion Rich List, which was released today ahead of the full annual Rich List 2018.
Sir Philip Green and his wife Lady Tina are both in the top 25 of Sunday Times’ Fashion Rich List with their £2bn fortune
Billionaire Green and his Monaco-based wife Tina – who actually owns the family’s Arcadia retail empire – still enjoy the fruits of their labour despite losing £787m this past year
Topping the list of fashion’s 25 biggest power players are Guy, George and Galen Weston Jr and family, owners of Selfridges, Primark and Brown Thomas, who boast a networth of £10.05billion.
In second is Sir David Frederick Barclay with a fortune of £7.4bn from Very and Littlewoods.
In third place comes Francois- Henri Pinault, founder of luxury retail group Kering, and his Hollywood actress wife Salma Hayek. The couple, whose interests include luxury brands like Gucci and Saint Laurent, have a £5.16billion fortune.
The Fashion Rich List also features Manchester based fashion e-tailers Boohoo, owned by Mahmud Kamani and family, who have seen their wealth reach £2.3bn, up by £1.58bn from last year.
Sir Philip will be looking forward to his daughter Chloe’s wedding to her fiancee Jeremy Meeks who it is rumoured she is also expecting her first child with
The Greens have seen sales at Arcadia Group continue to fall in the past year.
There have also been reports that the company is cutting jobs at its head office to ‘streamline’ the business.
Sir Philip was vilified for making for making millions from the demise of BHS, which resulted in 11,000 job loses when 164 were closed in August 2016.
He later wrote a £363 million cheque to BHS pensioners following the collapse of the brand.
However, billionaire Green and his Monaco-based wife Tina – who actually owns the family’s Arcadia retail empire – still enjoy the fruits of their labour.
Sir Philip was vilified for making for making millions from the demise of BHS, which resulted in 11,000 job loses when 164 were closed in August 2016
Holidaying around the Greek isles on the family’s £100 million superyacht Lionheart, hosting lavish parties for his fashion brands as well as glamorous nights out with his wife.
And the tycoon will also be looking forward to his daughter Chloe’s upcoming nuptials to her fiance Jeremy Meeks, more commonly known as ‘Hot Felon’.
It was previously reported that the wedding is shaping up to be a ‘classic Green party’ with a big budget for entertaining their guests.
It’a apparently what the businessman – who for his 60th he flew 150 guests to Mexico and apparently spent £6 million on festivities – does best.
After the summer nuptials it’s believed he and Tina will sail off on the Lionheart for his customary month-long summer holiday cruising around the Med.
THE SUNDAY TIMES FASHION RICH LIST 2018
1. Guy, George and Galen Jr Weston and family, Primark, Selfridges and Brown Thomas
Worth: £10.05bn Down: £450m
2. Sir David and Sir Frederick Barclay, Very and Littlewoods
Worth: £7.4bn Up: £200m
3. Francois-Henri Pinault and Salma Hayek, Gucci, Saint Laurent, Alexander McQueen
Worth: £5.126bn Up: £1.689bn
4. Laurence and Francois Graff, Graff Diamonds
Worth: £3.77bn Up: £130m
5. Stephen Rubi and family, Speedo, Berghaus, Ellesse
Worth: £2.82bn Up: £520m
6. Mike Ashley, Sports Direct
Worth: £2.437bn Up: £277m
7. Bernard Lewis and family, River Island
Worth: £2.125bn Up: £125m
=8. Sir Philip and Lady Green, Topshop, Miss Selfridge
Worth: £2bn Down: £787m
=8. Robert Miller and Princess Marie-Chantal and family
Worth: £2bn Up: £420m
=10. Philip Day, Edinburgh Woollen Mill, Peacocks, Austin Reed
Worth £1.2bn Up £50m
=10 Chirstina Ong and family, Mulberry, Club 21
Worth: £1.2bn Down: £96m
12. Mahmud Kamani and family, Boohoo
Worth: £1bn Up: £258m
13. Mark Fenwick and family
Worth: £730m No change
14. The Clark family, Clarks Shoes
Worth: £570m Up: £10m
15. Ray Kelvin, Ted Baker
Worth: £522m Up: £54m
=16. Lord Alliance and family, SimplyBe, Jacamo
Worth: £500m Down £60m
=16. John Hargreaves and family, Matalan
Worth: £500m No change
18. Peter Simon and family, Monsoon, Accessorize
Worth: £480m Down: £50m
19: John Coulter and Ann Jones, Warren James
Worth: £477m Up: £52m
20: Sir Lindsay Owen-Jones, L’Oreal
Worth: £467m No change
21. David, Jacqueline and Vanessa Gold, Ann Summers, Knickerbox
Worth: £460m No change
22. Nick Wheeler and Chrissie Rucker, Charles Tyrwhitt, The White Company
Worth: £452m Up: £25m
23. Tom and Ruth Chapman, Matchesfashion.com
Worth: £450m Up: £290m
24. Julian Dunkerton, Superdry
Worth: £441m Up £75m
=25. Andrey Borodin and Tatiana Korsakova, Vaara
Worth: £410m New Entry
=25. Leon Max, Max Studio
Worth: £410m No change
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