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The combined wealth of the home furnishing industry's richest people and families increased by £3.1 billion in the past year, according to data compiled from The Sunday Times Rich List 2018.

 

At least forty people and families with links — past and present — to the furniture and allied industries made the newspaper's annual roster of Britain's 1,000 wealthiest this year.


Their combined wealth was £47.2 billion, up from £44.1 billion from those listed last year, according to figures compiled by The Furnishing Report from the overall list.


The increase came despite former Steinhoff chairman Christo Wiese — listed 24th last year and worth £4.62 billion at the time — not being listed at all by the newspaper in 2018.


Big year-on-year gainers from people with an interest in our sector were Jonas Kamprad of IKEA and Sir James Dyson, a minority shareholder in furniture supplier Content by Terence Conran.


The list featured self-made furniture company founders — such as Mike Clare and Lord Kirkham — through to others who made their money elsewhere, before investing in industry companies, such as the financier who owns Sofa Brands or the backer of Loaf.


Other than Christo Wiese, another notable industry absence from the Sunday Times Rich List 2018 is Carpetright founder Lord Harris. He was listed 962nd last year with a £110 million valuation. £115 million was required to make the top 1,000 this year.


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