Meet the Fylde coast man who's officially Lancashire's richest person with an estimated £8bn fortune
The richest people in Lancashire have been revealed in the 38th edition of The Sunday Times Rich list.
Meet the Fylde coast's richest man...
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From shopkeeper to billionaire retailer
Lytham resident Tom Morris is a British billionaire businessman and the founder of retail chain Home Bargains.
He has been named as the third richest person in the North West after Ineos founder and Manchester United part-owner Sir Jim Ratcliffe and The Duke of Westminster, who is one of the UK’s largest private landowners.
Morris founded Home Bargains in 1976 when he was just 21 years old. His estimated wealth in 2026 stands at £8.061 billion, up from £6.989 billion in 2025.
The rise of Home Bargains
There are now more than 600 Home Bargains stores across the UK. In 2025, the retail chain recorded a turnover of £4.54 billion and made profits of £492 million.
Trading as Home Bargains, TJ Morris Ltd has become one of the UK’s fastest-growing discount retailers since being established more than 40 years ago.
Since opening his first store in Liverpool, Morris has grown the business organically into one of the biggest privately-owned companies in the country.
The company now employs more than 22,000 staff, making it the largest employer on Merseyside as well as the country’s largest independent grocer.
A family-run business
Tom Morris comes from a retailing family that has run shops for three generations and, true to its roots, TJ Morris remains a family-run and family-owned business.
Looking ahead, the company says it plans to continue its rapid growth with ambitions to expand to 1,000 stores and employ more than 40,000 staff.
Dividends and tax contributions
The Morris family paid £209.1 million in tax last year, placing them seventh in The Sunday Times Tax List 2026.
Earlier this year, it was reported that Morris paid himself and his family a £66 million dividend as the budget retail chain continues a major expansion programme.
That followed a much larger £1.2 billion dividend payment from subsidiary company TJ Morris Ltd in 2024.
Mr Morris personally owns 90 per cent of the shares in his holding company, while various family trusts hold the remainder.
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Life on the Fylde coast
The 72-year-old businessman was born in Liverpool but now lives in Lytham with his wife and five adult children.
Among his luxury assets are a $50 million (£38 million) Bombardier Global 5000 private jet with “M-ORIS” written on the tail, a $45 million superyacht called Moskito and a $10 million VIP Bell 429 helicopter.