The Sunday Times Rich List, out tomorrow, reveals that it has been a tough year for the wealthy. Former CI Traders chairman Tom Scott has seen his wealth plummet to £175m – the same amount as pop star Sir Elton John.
The family of the late Fred Clarke, a Constable of St Helier, remains at the top of the Jersey money table and is the third most wealthy in the Channel Islands. According to the list they are £100 million poorer at £400 million but climb 30 places as their losses are less than many who were above them last year.
One person to buck the trend that has wiped billions off the value of the world’s jet set was new Island resident Tony Buckingham. The former soldier of fortune who used to work alongside jailed mercenary Simon Mann is the fourth richest person in the Channel Islands.
It has been a good year for the oil and diamond magnate.