Dyson cleans up with an extra £3.1bn
INVENTOR Sir James Dyson saw his personal fortune grow by £3.1billion in the last year to £12.6billion.
The Brexit supporter was ranked as the fifth richest person in Britain, but he has announced his corporate headquarters will relocate from Wiltshire to Singapore.
The 72-year-old argued for a No Deal split from Europe but said his company needed to be closer to its fastest growing markets in the Far East. Dyson is expected to open a car plant there to make a new electric car as part of a £1billion investment
But the company stressed it will still be investing money in its British bases. A spokesman announced in January that the company would be spending £200million in new buildings and testing facilities in Hullavington, Wiltshire, and £44million in refreshing office space and adding new laboratories in Malmesbury.
It will also be investing £31million for the young undergraduates at its university on the same site. Sir James’s business empire was valued at £11billion in the Sunday Times Rich List but he also owns 25,000 acres, which makes him a bigger landowner in England than the Queen.