1. ITV Report

Who's the richest in the East Midlands?

The rich list for the East Midlands has been released Photo: PA Wire

Mike Ashley, the man behind the Sports Direct brand is the richest man in the East Midlands, according to The Sunday Times Rich List 2014.

The top 20 people from the East Midlands in the Rich List have a combined wealth of £13.584 billlion of which Mike Ashley’s share is £3.75billion, up 63% on last year.

His Sports Direct company is headquartered in Shirebrook, near Mansfield.

Mike Ashley tops the East Midlands list Credit: PA Wire

Will Adderley and family, are in second place on the East Midlands Rich List. Their wealth now stands at £1.2 billion, all derived from the curtains-to-cushions retailer Dunelm. The Leicester-based group began on a market stall run by Bill and Jean Adderley with the first superstore opening in 1991. The couple’s son, Will, is now piloting the business. The family’s stake is worth £1 billion and they have sold shares worth £186 million.

The region’s third billionaire is Tony Langley worth £1.05 billion. His Langley Holdings engineering business, based in Retford, makes dockside cranes and cement cooling machines and is worth £1billion.

Aside from Mike Ashley, the person who has made the biggest gains in the region in the past year is house builder John Bloor, who has seen his wealth rise 43% from £525m to £750m. Bloor Holdings, the parent company behind Bloor Homes and also the Triumph motorcycle business is worth £725m.

The Duke of Devonshire, the owner of Chatsworth House, is at number five on the East Midlands list Credit: PA Wire

At number five on the list is the Duke of Devonshire - the owner of Chatsworth House in Derbyshire.

TOP FIVE

  1. Mike Ashley - £3,750m

  2. Will Adderley and family - £1,200m

  3. Tony Langley - £1,050m

  4. David Ross - £892m

  5. The Duke of Devonshire - £800m