How much David Clowes is worth as Derby County owner makes Sunday Times rich list

How much David Clowes is worth as Derby County owner makes Sunday Times rich list

Latest Derby County news from DerbyshireLive brings you the latest as the Sunday Times releases its full rich list

According to the most recent Sunday Times rich list, Derby County owner David Clowes and his family are still among the top 350 wealthiest individuals in the United Kingdom.

Over the past year, Clowes and his family’s net worth increased from £360 million to £380 million, placing him tenth among the East Midlands’ wealthiest ten.

After a very successful year for his company, Clowes Developments, a construction and real estate development firm, he rose from 348 to 326 in the rankings.

Derby’s promotion from League One, only two years after he had saved the team from administration and then helped them survive their first season back in the Championship, completes what has been an incredible year for the businessman both on and off the field.

Clowes Developments reported a £9.6 million profit last December, following 2023, the company’s most prosperous year yet.

One of the largest privately held real estate investment and development firms in the nation, Clowes Developments, designed and constructed over a million square feet of commercial space for a variety of clients in 2023.

The addition of Clowes on the Sunday Times’ wealthy list coincides with the publication of the magazine’s 76-page special edition, which details the biggest decline in the number of billionaires in the guide’s 37-year history, from a peak of 177 in 2022 to 156 this year.

For three years in a row, the number of billionaires has decreased; this year’s drop is the most pronounced to date.

The overall fortune of the 350 people and families on this year’s list is £772.8 billion, which is 3% less than the previous year. The annual survey features appearances from Sir Elton John, Lord Lloyd-Webber, Sir Mick Jagger, Keith Richards, Euan Blair, Sir Lewis Hamilton, and Sir Christopher Nolan. The 37th annual edition’s combined worth is £772.8 billion, which is more than Switzerland’s yearly GDP.

Another sign of a quiet year is the minimum entrance level, which remains stagnant at £350 million.

The Sunday Times Rich List is evolving, according to Sunday Times Rich List compiler Robert Watts. The total wealth of the people who appear in our research is declining, as is the number of billionaires.

The intensity of the criticism directed against Rachel Reeves’ Treasury this year also caught our attention. We anticipated that wealthy foreigners would be incensed by the removal of non-dom status.

However, a number of tax reforms announced in last October’s budget are also threatening to have major repercussions for both young, domestic tech entrepreneurs and those managing centuries-old family businesses.