Britain’s Wealthiest Trio Gains Combined $1.1 Billion After New Brexit Deal Announcement – ReportCC0Business15:38 18.10.2019(updated 15:47 18.10.2019) Get short URL115Subscribe
On Thursday, British Prime Minister Boris Johnson and EU leaders agreed on a new Brexit deal to take the UK out of the bloc on 31 October in an “orderly” fashion.
The UK’s three wealthiest persons have capitalised greatly on reports about surging stocks and the pound following Prime Minister Boris Johnson’s announcement about a fresh Brexit agreement between London and Brussels, Bloomberg reports.
Fortunes of business tycoon Jim Ratcliffe, billionaire inventor James Dyson and the Duke of Westminster Hugh Grosvenor rose to a combined $1.1 billion on Thursday morning.
REUTERS / OLI SCARFFHugh Grosvenor, the Duke of Westminster speaks during the official handover of the newly built Defence and National Rehabilitation Centre (DNRC), which will provide world-class rehabilitation facilities for members of the Armed Forces, on the Stanford Hall Estate in Nottinghamshire on June 21, 2018Bloomberg Billionaires Index calculations indicate that the 28-year-old Grosvenor’s fortunes accounted for a whopping $700 million of those gains.
On Thursday, the pound surged to a five-month high against the dollar, coming close to $1.30, after negotiating teams from Britain and the EU struck a deal.
UK PM Johnson Touts New ‘Great’ Brexit Deal
Earlier, Johnson announced the breakthrough in the Brexit talks, tweeting that “we’ve got a great new deal that takes back control.”
He was echoed by European Commission President Jean-Claude Juncker who said that the deal was “a fair and balanced agreement for the EU and the UK and it is testament to our commitment to find solutions.”
Johnson, for his part, has repeatedly pledged to withdraw the UK from the EU ‘with or without a deal.’