The recently released Sunday Times Rich List of Britain’s wealthiest 1000 people contained the usual group of Australian money-management stars, led by Michael Hintze (valued at $837 million on the list), Greg Coffey ($383 million) and Hilton Nathanson ($280 million).
But there were also some surprises.
Controversial Hungarian/Australian miner Frank Timis soared up the list to jump into Australia’s billionaire club with a fortune of just over $1 billion.
Timis, who has convictions for heroin trafficking and theft, has had several run-ins with various corporate regulators and must surely be one of the most colourful rich list members anywhere in the world – just check out his director’s disclosure for National Stock Exchange-listed African Petroleum.
However, one of the British-born stars of the list also has a close connection to Australia. Carry on reading this article.