Issa brothers 5th richest in the North West according to Sunday Times Rich List

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The annual Sunday Times Rich List has declared the Issa brothers as the fifth richest in the North West with earnings of £50 million more than what they earned last year.

Brothers Mohsin and Zuber Issa, who founded the EG Group and are majority stakeholders in Asda, have seen their wealth grow to £4.73 billion which comes as the EG Group acquired Leon Restaurants as well as Cooplands, along with a takeover of Asda, the UK’s supermarket chain.

Michael Platt, a Switzerland-based Preston-born billionaire ranks first in the list as the richest in the North West, becoming at par with Alisher Usmanov who is the 11th richest man in the UK. Platt has an estimated wealth amounting to £10billion which is up by £2billion since 2021.

Compiled by Robert Watts, the list mentions 177 billionaires in the UK this year, where 6 more have been newly added as compared to last year. This comes as the country faces a devastating cost-of-living crisis which has been indicated to get worse by Chancellor Rishi Sunak at the CBI dinner this week.