REVEALED: The richest people in the East Midlands

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Mike Ashley is the richest man in the East Midlands, according to the new edition of the Sunday Times Rich List.

The list - which will reveal the wealth of the 1,000 richest people in Britain - will be published in the Sunday Times newspaper this weekend.

Research from online start-up magazine TechRound found the combined worth of Britain’s top 250 wealthiest individuals and families is likely to reach £467 billion this year, before surpassing the half a trillion mark (£507 billion) in 2018.

The research also found that there has been no marked increase in the total number of women within the top 250 over the last five years and at the current rate, there would not be an even split until the year 2224.

In addition, the most popular source of wealth over the last five years has been from property, with almost a quarter of the top 250 entries in each year (23 per cent) making at least some of their fortune within this industry.