close
Tom Morris and family
Discount stores
Rank 2017
39
Worth
£3,090m
Rise/fall
£40m

Morris’s ambition is undimmed. The discount retailer, whose family has run shops for three generations, began building his empire in Liverpool at the age of 21 and has plans to double the size of his Home Bargains chain, which employs 17,000 staff in 400 stores. His thriving business, which sells health and beauty products, household goods, food and toys, saw its turnover in 2015-16 reach £1.6bn, while profits slipped from £147.1m to just under £137m and net assets grew to £614.8m. The operation is worth £3bn and Morris, 63, and his family own it all. We add £90m for salaries and dividends, £58m of which have been paid in the past three years.