Liverpool-born Morgan, 64, would have been in the billionaires’ list had it not been for his donation of about £200m of shares in his Redrow housebuilder – 11.36% of the business – to his charitable foundation in February. He had already given £35m to his Chester-based foundation since setting it up in 2001. It supports charities in Merseyside and north Wales, including those working with families and children in need, and has helped put 46 Smiley Buses on the road.
Morgan, who was awarded a CBE last November for his charity work, set up Flintshire-based Redrow at the age of 21 after buying out Wellington Civil Engineering, where he was employed as a site engineer. He saved the firm from going out of business and floated it in 1994. It is valued at £1.83bn, making his 29% holding worth £533m. He sold Championship football side Wolverhampton Wanderers to Chinese giant Fosun International for £30m last July, having bought the club for £10 in 2007 on condition he poured £30m into it. We add only £15m from the sale, as he invested heavily in the team and pledged part of the proceeds to charity.