Leicestershire has the fourth largest number of multi-millionaires in UK
Leicestershire has the fourth largest number of multi-millionaires in the UK, a new report has revealed.
The county contains 178 multi-millionaires, more than Essex, Oxfordshire, Kent and Hampshire – while Leicester has 67 multi-millionaires, ranking it 12th among other UK cities.
Martin Traynor, chief executive of Leicestershire Chamber of Commerce, said: "This is a huge boost for the city and county. It's not only the fact we have a large entrepreneurial culture, but that people who have made their money in the area are staying in the area."
A multi-millionaire is defined as someone valued at more than £18 million in the report from WealthInsight, which specialises in compiling data on the wealthy.
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Building tycoon David Wilson, who was born in Ibstock and now lives at Lowesby Hall, in east Leicestershire, is worth £365 million, according to the Sunday Times Rich List.
He made his money by growing his family construction firm before selling it in 2007.
"It's surprising in some ways, but then there is a strong work ethic here," he said. "Leicestershire people tend to be unassuming and just get on with it.
"There's also quite a lot of big businesses based here. It's the perfect location for businesses with it being so central.
"This is why companies like Barratt (the UK's biggest house builder) have based themselves here. They could have gone anywhere."
Bill Adderley is the head of Leicestershire's richest family, which is worth an estimated £710 million.
Mr Adderley, who lives near Uppingham in Rutland, was born in Leeds, but started homeware group Dunelm in Leicester market in 1979 with his wife Jean. Now based in Syston, the company has more than 120 stores and is worth more than £1 billion.
"It doesn't surprise me," he said. "It's the combination of having a high number of entrepreneurial people and people willing to help businesses grow.
"When I started my business I found the people and authorities of Leicestershire very helpful.
"One of the good things is that if you start a business in Leicestershire and make some money you don't find yourself hankering for more glamorous locations.
"You can move up-market within Leicestershire and Rutland. You don't need to go far to find yourself in some of the most beautiful parts of the country, and the schools are also very good."
Greater Manchester tops the league table when it comes to the number of multi-millionaires in UK counties, with 374. Leicester beats Norwich, Nottingham and Oxford, but is way behind London, which leads the city rankings with 4,220.
It is thought many of the multi-millionaires living in Leicester are Asian people who are reluctant to move away from family, friends and places of worship.
Jaspal Singh Minhas, president of Leicestershire Asian Business Association, said: "There's quite a lot of wealthy Asian people in Leicester, particularly in the Stoneygate area.
"You find a lot of them are still involved in a business, and the businesses are in the city and they don't like travelling too far," he said.
"Their friends and places of worship are also close by."
In total, there are 10,000 multi-millionaires in the UK.