Hedge fund manager Michael Platt from Preston has once again made the Sunday Times Rich list – but who is he and how did he amass his vast personal fortune of £12bn?
With the help of Sunday Times Rich List data, these are the 8 richest people in the North West including those under 40.
The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies.
7. Reece Wabara
Another under 40 millionaire is ex-Manchester City trainee and England U20 international Reece Wabara, 33. He is the CEO of the clothing brand Manière De Voir, which he founded in 2013. The business was ranked as one of the fastest-growing private companies in Britain in 2022 and 2023, with annual revenue of £34.7 million and profits doubling from the previous year to £6.6 million. In 2024 so far he is worth £83 million. Photo: The Sunday Times
8. George and Mike Heaton
Another pair in the under 40s rich list are brothers George Heaton, 31, (left) and Mike Heaton, 33, (right) of fashion and clothing brand Represent pictured with photographer Gunner Stahl. The brothers grew up in Horwich. Represent was founded in 2012 whilst George was studying at university. They began the brand on the basis of making their own clothes that they would wear with luxurious fabrics but at an affordable price point. The brothers then became promoting their clothing on Instagram and began to build up a following with celebrities including Justin Bieber who were beginning to wear their brand.The brand now has 150 stockists worldwide including Selfridges and Harvey Nichols in the UK. Over the past three years, the brand exploded.Their fortune for 2024 currently stands at £81 million. Photo: Victor Boyko