Insider Media published its annual list with many Rich List regulars having seen their businesses struggle over the past year and some have dropped out of the annual wealth rankings.
Higher energy costs, steeper prices raw material prices and double-digit inflation on consumers have hit companies operating across the economy.
The most high-profile departure is the Wilkinson family. Their high street retailer Wilko slid into administration in August and a run of dividends taken by the discounting dynasty were not sufficient to meet the £110m entry level for this year’s Rich List.
Matt Gowar is one of the debutants. He has successfully bought and built up two outdoor clothing brands: Lowe Alpine and Rab.
Gowar’s Derbyshire-based group Equip has tripled profits over the past year, prospering from the staycation boom of recent years as well as strong exports.
9. Tom Hartley
Tom Hartley Sr, Tom Hartley Jr and Carl Hartley are worth £134m, a new entry to the Midlands Rch List for 2023. The Swadlincote-based business has been renowned in the luxury car market for over 40 years. Photo: submit
10. David Shelton
David Shelton of Motorpoint's wealth stands at £112m, the same as in 2022. The company was founded by Shelton in 1998 and is headquartered in Derby, Photo: google
11. Matt Gowar and family
Matt Gowar and family are a new entry to the rich list. Equip Outdoor Technologies firm is based in Somercotes, Alfreton. It is worth £122m. Photo: submit