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Richest Brits Lose About $1 Billion Each on Average This Year

Jim Ratcliffe 

Jim Ratcliffe 

Photographer: Dirk Waem/AFP via Getty Images

The 15 wealthiest Britons -- from chemicals entrepreneur Jim Ratcliffe to jeweler Laurence Graff -- have lost a combined $16 billion from their net worth so far in 2020.

Ratcliffe, the U.K.’s richest person, has been hit the hardest, with his fortune tumbling 24% to $16 billion, according to the Bloomberg Billionaires Index. Vacuum-cleaner tycoon James Dyson has lost about $2.4 billion, and Virgin Group’s Richard Branson is down $1.1 billion as he scrambles to shore up a leisure and travel empire bruised by the pandemic.