Report from Oxfam Scotland finds wealth off the top four dwarfs the poorest one million people in the country. The four richest families in Scotland are worth £1 billion more than the poorest 20 per cent of the country’s population, according to new research.
The combined wealth of the Grant-Gordon whisky family, Highland Spring water owner Mahdi al-Tajir, oil tycoon Sir Ian Wood and former Harrods owner Mohammed Fayed dwarfs that of the one million people who make up Scotland’s poorest 20 per cent, according to Oxfam Scotland.
The four families – all of whom are either based in Scotland or have substantial business interests there – are worth an estimated £6.1bn, according to the most recent Sunday Times Rich List. Scottish Government figures show the combined wealth of the poorest 20 per cent of Scots stands at around £5.1bn. Researchers at the charity also calculated that Scotland’s 14 wealthiest families are better off than the most deprived 30 per cent of the population.