Source: Allan Warren
Gerald Grosvenor, Duke of Westminster
According to The Sunday Times Rich List 2013, the chancellor of the University of Chester has a fortune of £7.8 billion, money he earned through his property empire Grosvenor Estates. He is eighth in the Rich List overall and the wealthiest UK-born person in the annual ranking.
His vast wealth makes up more than half of the combined fortune of the 10 richest university chancellors.
Together, the chancellors are worth almost £13 billion, only £3 billion less than the combined total of the top 10 musicians, who hold more than £16 billion.
After the Duke of Westminster, the second-richest chancellor is Lord Paul, the chancellor of University of Wolverhampton and a Labour peer. His £2 billion fortune comes from his company Caparo group, which specialises in steel and engineering.
Third on the list is Lord Ashcroft, chancellor of Anglia Ruskin University and a Conservative peer, who has made his £1.2 billion in business and through investments in health, cleaning and security.
Others identified as among the wealthiest chancellors include University of Derby figurehead the Duke of Devonshire ( who is worth £720 million), University of Cambridge chancellor Lord Sainsbury (£590 million) and University of Reading chancellor Sir John Madejski (£100 million).
Top 10 Chancellors in Sunday Times Rich List 2013
| Number | Name | University | Fortune | Overall Place in Rich List |
|---|---|---|---|---|
| 1 | The Duke of Westminster | Chester | £7,800m | 8 |
| 2 | Lord Paul | Wolverhampton | £2,000m | 38 |
| 3 | Lord Ashcroft | Anglia Ruskin | £1,200m | =64 |
| 4 | The Duke of Devonshire | Derby | £720m | =120 |
| 5 | Lord Sainsbury | Cambridge | £590m | =150 |
| 6 | The Marquess of Salisbury | Hertfordshire | £5m | =299 |
| 7 | Sir John Madejski | Reading | £100m | =777 |
| 8 | Lord Alli | De Montfort | £90m | =859 |
| 9 | Lord Tanlaw | Buckingham | £85m | =902 |
| 10 | Lord Noon | East London | £75m | =970 |
