The king of Mayfair was anointed the tsar of St Partysburg
when he threw an £8 million Napoleonic costume ball in
Russia’s second city in 2005. Sir Elton John (qv) and Tina
Turner performed at the Catherine Palace, just outside St
Petersburg, for guests including Bill Clinton and Sting, and
raised £11 million for children’s charities.
Perma-tanned Caring, 73, has always set the bar high for
glitz. The restaurateur’s latest London venture is a Greek and
Italian joint called Bacchanalia, to feature four giant artworks
by Damien Hirst. His famed club, Annabel’s, has had a
£68 million refit and is due to open in New York, Paris and
Saudi Arabia. In February he opened the first overseas branch
of his Sexy Fish restaurant in Miami. Caring owns 20.4 per
cent of the Soho House private members’ club chain. Last
year’s float valued his stake at about £236 million before a
sharp fall. But his heart belongs in London’s W1. His upmarket
nooks in the neighbourhood include Harry’s Bar and the fish
restaurant Scott’s, where the James Bond author Ian Fleming
is said to have first sipped a dry martini, shaken not stirred. He
also owns the steakhouse 34 Mayfair, Bill’s cafés and the Ivy
Collection restaurants. His discreet club George, closed for
refurbishment, is usually home to huddles of Tory donors.
Born to a British nurse and an Italian-American GI, Caring
began in the rag trade, sourcing clothing for retailers
including Sir Philip Green (qv) in the 1990s and 2000s. Eye-
popping property deals followed. We can see at least £480
million from the sale of stakes in London’s Camden Stables
Market, the Wentworth golf club in Surrey, restaurants and at
the Soho House float. Caring’s companies don’t show a full
picture of his wealth; his art at Annabel’s alone is worth more
than £100 million. He and his wife, Patricia, 40, are expecting
their fourth child later this year. 2021: £1.005bn, 164166 LORD SUGAR
£1.088bn £112m ▼
PropertyThe irascible frontman of The Apprentice has paid himself a £390
million dividend from his company Amshold after selling eight
London properties for £159.9 million in 2020-21. Hackney-born
Sugar, 75, has since sold real estate worth a further £40.8 million
but the payday brought a huge tax bill, broadsiding his wealth and
putting him at No 6 in this year’s Sunday Times Tax List. Earnings
from property now dwarf his TV adventures and the £36 million he
netted from the sale of his £125 million electronics firm Amstrad in- He scored at least £25 million for his stake in Tottenham
Hotspur, the Premier League club he chaired from 1991 to 2001.
Quick to weigh in on issues facing British business, Sugar has called
the trend to work from home a “total joke”. When the accountancy
giant PwC announced an early finish on Fridays, Sugar said: “The
lazy gits make me sick.” PwC said he was “out of touch”. Sugar will
never WFH but likes his home comforts in Chigwell, Essex. In
February Epping Forest district council rejected his application to
knock down his mansion and build a new one with a cinema, yoga
studio and a room for his dog, Winston. 2021: £1.2bn, 138=
167 LORD ROTHSCHILD AND FAMILY
£1.083bn £31m ▲
Finance 2021: £1.052bn, 161168 PETER KELLY
£1.065bn £30m ▲
Software: Softcat 2021: £1.035bn, 163169= HOWARD SHORE
£1.05bn £50m ▲
Finance 2021: £1bn, 165=171 JAMES AND JOHN MARTIN AND FAMILY
£1.029bn £255m ▲
Ejection seats 2021: £774bn, 212=172 URSULA BECHTOLSHEIMER-KIPP AND FAMILY
£1.007bn £7m ▲
Inheritance and hotels: Tschuggen 2021: £1bn, 165=173= WILLIAM BOLLINGER
£1bn No change ■
Hedge fund 2021: £1bn, 165=173= THE EARL OF IVEAGH AND THE GUINNESS FAMILY
£1bn £66m ▲
Brewing and property 2021: £934m, 175173= VLADIMIR MAKHLAI
£1bn No change ■
Industry 2021: £1bn, 165=173= URS SCHWARZENBACH
£1bn £54m ▲
Foreign exchange 2021: £946m, 174173= VLAD YETSENKO
£1bn New entry ★
Financial servicesUkrainian-born Yatsenko, 38, founded London-based Revolut with
Nik Storonsky (qv) in 2015 and the pair have attracted more than 18
million customers across 35 countries with low fees on overseas
card transactions. Revolut and its customers have given more than
€10 million (£8.5 million) in aid to Ukraine. Yatsenko, who has joint
UK and Ukrainian citizenship, owns just under 4 per cent of Revolut.
Although not profitable, the business was valued at £24.4 billion in
a fundraising in July, making Yatsenko’s stake of just under 4 per
cent worth about £976 million. Early share sales add to the pot.Richard Caring, centre,
recreates a golden
age with Jacqui, his
wife then, Sir Philip
Green, left, and Bill
Clinton in 2005 at his
£8 million charity ball
in St PetersburgMADE GOOD
Entry 166, £1.088bn169= RICHARD CARING
£1.05bn £45m ▲
Restaurants and propertyGETTY IMAGES, REX
The Sunday Times Magazine • 33