Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.
Hargreaves, who started the business over three decades ago and saw it float in 2007, has seen his fortune slide below the £1bn mark, down £190m year on year to £830m, after shares in the company fell sharply. Having been worth almost 650p this time last year, shares are currently trading at 525p, around 20% lower, although they have rallied off lows seen last autumn. Hargreaves, now ranked 90th in the list compared to 65th in 2011, is no longer chief executive of the business but remains a director and has a stake worth £748m in the Bristol-based wealth manager. Meanwhile, a host ...
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