Rich List 2020: Fast Track entrepreneurs

20th May 2020

Almost half of the 1,000 entries on the 2020 Sunday Times Rich List are founders, directors or shareholders of Fast Track alumni companies, with Sir James Dyson taking the No 1 spot and a record number of female entrepreneurs featuring on the definitive ranking of Britain’s wealthiest individuals.

The 2020 Sunday Times Rich List, published on 17 May, shows that 540 people listed in 462 entries, with a combined wealth of £340bn, derive their wealth from the success of Fast Track alumni companies. This is an increase on the 440 people on the 2019 Rich List.

Top of the list

Sir James Dyson is estimated to be the UK’s wealthiest person, having created a £16.2bn fortune, up £3.6bn on 2019. The entrepreneur launched the world’s first bagless vacuum cleaner in 1993. Dyson debuted on a Fast Track league table in 2000, featuring at No 19 on our Profit Track 100 with sales of £172.8m and profits of £24.3m.

Last year, Dyson achieved its highest ranking yet when it featured as No 7 on our Top Track 100, with sales of £4.4bn and profits (ebitda) of £1.1bn. Sir James has kindly spoken at one of our networking and awards dinners for founders and senior directors of alumni companies. He discusses the ups and downs of his entrepreneurial journey here.

Wealthiest women

Female founders of Fast Track companies are among the record number of women featuring on the 2020 Rich List. Out of the 150 female entrants, a third (52) are founders, directors or shareholders of Fast Track companies, with a combined wealth estimated at £27bn.

Wealthiest among these Fast Track alumni is Denise Coates CBE, co-founder and joint chief executive of Bet365, and pictured above. Bet365 is a Top Track 100 stalwart that first featured on our Tech Track 100 in 2005 with sales of £446m. Sales eclipsed £3bn in 2019 and Ms Coates, whose wealth is estimated at £7.2bn, is also the biggest individual taxpayer in the UK, according to The Sunday Times Tax List.

Retail entrepreneurs such as Chrissie Rucker, founder of The White Company – which has featured on several of league tables, including our Profit Track 100 and International Track 200 – lead the charge. Her family wealth is estimated at £427m, and she is joined by Dame Margaret and Helen Barbour (£430m) of Top Track 250 alumnus Barbour; Michele Harriman-Smith (£198m), chief executive of International Track 200 star Childrensalon; and Natalie Massenet (£143m), founder of Fast Track 100 alumnus Net-A-Porter, and president of Tech Track 100 alumnus FarFetch.

Read more about the female entrepreneurs shaking up the Rich List here.

Newcomers

Ben Francis (centre) accepts Gymshark’s Fast Track 100 No 1 award in 2016, with CEO Steve Hewitt (left) and chairman Paul Richardson (right)

There are 40 newcomers on the 2020 Rich List who are founders, directors or shareholders of Fast Track companies. They represent 32 different alumni companies and have an estimated combined wealth of £5.2bn.

They include Ben Francis, the 27-year-old founder of Gymshark, who is the youngest entrepreneur debuting on the Rich List this year – his wealth is estimated to have almost doubled over the past year to £138m. The Solihull-based fitness clothing brand has been the No 1 company on our Fast Track 100, Profit Track 100 and International Track 200 league tables.

Ben, who launched Gymshark in his parents’ garage in 2012, was a guest panellist at our Fast Track 100 conference and awards dinner last year. He shares his path to creating a global sportswear empire in this interview.

Wealthiest by Fast Track league table

Each of the league tables researched by Fast Track and published with our media partner The Sunday Times, celebrates a distinct category of top-performing private companies, from the fastest-growing to the biggest. Our awards dinners and alumni networking events associated with each league table attract an unparalleled group of entrepreneurs, many of whom regularly feature on the Sunday Times Rich List.

Fast Track 100

From fast-growth companies like BrewDog, led by co-founder and “Captain” James Watt (pictured above), and Fever-Tree, there are 110 founders, directors and shareholders of Fast Track 100 alumni companies on the 2020 Rich List, with a combined wealth of £40bn. In 2019 there were 90 with a combined wealth of £40bn.

Tech Track 100

Helped by the impressive growth of recent alumni such as The Hut Group, valued at £4bn, and last year’s No 1 company Revolut, there are 60 founders, directors and shareholders of Tech Track 100 alumni companies on the 2020 Rich List, with a combined wealth of £60bn. In 2019 there were 40 with a combined wealth of £30bn.

Profit Track 100

Including this year’s No 1 company Gymshark and alumni such as Hotel Chocolat, there are 310 founders, directors and shareholders of Profit Track 100 alumni companies on the 2020 Rich List, with a combined wealth of £190bn. In 2019 there were 250 with a combined wealth of £185bn.

International Track 200

Among export stars such as Pentland Group and Specsavers, there are 130 founders, directors and shareholders of International Track 200 alumni companies on the 2020 Rich List, with a combined wealth of £50bn. In 2019 there were 100 with a combined wealth of £50bn.

Top Track 250

Recognising the growth of mid-market private companies such as Sushi Daily and Timpson, there are 350 founders, directors and shareholders of Top Track 250 alumni companies on the 2020 Rich List, with a combined wealth of £230bn. In 2019 there were 270 with a combined wealth of £220bn.

Top Track 100

From Iceland to Ineos, there are 130 founders, directors and shareholders of Top Track 100 alumni companies on the 2020 Rich List, with a combined wealth of £160bn. In 2019 there were 110 with a combined wealth of £160bn.

SME Export Track 100

Including the likes of Team17 and Ennismore, there are 10 founders, directors and shareholders of SME Export Track 100 alumni companies on the 2020 Rich List, with a combined wealth of £2bn. In 2019 there were five with a combined wealth of £3bn.

Sponsorship

Fast Track helps our blue chip sponsors to meet and win new business from the founders and senior directors of Britain’s top-performing private companies, ranging from the fastest-growing to the biggest. Our awards events and alumni networking dinners provide sponsors with an unparalleled opportunity to engage with some of the UK’s wealthiest entrepreneurs.

Click here to find out more about our sponsorship opportunities.

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