The Rich List

The new Estate Gazette Rich List reveals that the 500 wealthiest UK property owners have amassed a combined net worth of £117 billion . The average individual fortune in Britain was just over £230 million for each of the 500 Rich List entrants in Britain .

Sir Tom Hunter , Scotland's first billionaire , yesterday strengthened his place as Scotland's most affluent man when a new rich list found the value of his land and property was 35% higher than last year. His holdings are now worth £1.05 billion and tops the list of Scots with the most valuable collection of properties in the Estates Gazette Rich List 2007.

Although the combined personal holdings of the head of the West Coast Capital investment firm has grown by £270 million since last year according to the research, it still only makes Sir Tom the 19th biggest land and property investor in Britain, a drop of one place from last year.

Nevertheless, Hunter's property pot remains only a fraction of the £7 billion assets credited to the most wealthy British magnate in the survey, the Duke of Westminster, whose holdings were worth £400m more than last year.

Sir Tom Hunter's property fortune is worth 30% more than the £810 million portfolio amassed by Scotland's second-richest magnate, Keith Miller, the 58-year-old who has spent 13 years as chief executive of the Edinburgh-based Miller Group, the UK's largest privately owned housebuilding, property development and construction business. Mr Miller's personal land and property fortune is thought to have grown by nearly £100 million in the past year but he has dropped from 22 to 30 in the British league table.

Rangers chairman Sir David Murray, who earlier this year bought what at the time was Edinburgh's most expensive home, in affluent Barnton for £4.5 million , slots into third place on the Scots property rich list, with a portfolio worth of £750 million which is £100 million more than last year. His fortune is ranked the 32nd highest in Britain after being placed 23rd in last year's survey.

SCOTLAND'S TOP FIVE

1 (19 in UK list) Sir Tom Hunter £1.05bn

2 (30) Keith Miller and family £810m

3 (32) Sir David Murray £750m

4 (76) Robert Adair £372m

5 (78) Brian Kennedy £350m

UK AND IRELAND'S TOP FIVE

1 The Duke of Westminster, Grosvenor Group £7bn

2 David and Simon Reuben, Trans-World Metals £3.5bn

3 Sean Quinn and family, Quinn Group £3.05bn

4 Earl Cadogan and family, the Cadogan Group £2.6bn

5 Simon Halabi, Buckingham Securities £2.5bn