Skip to content

Dyson Becomes Richest Brit on Vacuum Maker's Record Profits

  • Fortune of billionaire rises $3.4 billion to $13.8 billion
  • Duke of Westminster pushed to No. 3, behind Dyson, Ratcliffe
Bloomberg business news
Britain's Wealthiest Man Is Moving Business Elsewhere
Updated on

James Dyson, the inventor of the bagless vacuum cleaner, is now the wealthiest person in Britain after his company posted a record profit for 2018.

Earnings at Dyson Ltd. reached 1.1 billion pounds ($1.4 billion) for the year, up from 801 million pounds in 2017, boosted by demand for new hair products, the company said Tuesday in a call with reporters. The results added about $3.4 billion to his wealth, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people.