Media playback is unsupported on your device

Sunday Times Rich List shows rise in UK billionaires

11 May 2014 Last updated at 08:40 BST

The number of billionaires living in the UK has risen to more than 100 for the first time, according to the 2014 Sunday Times Rich List.

There are now 104 billionaires based in the UK with a combined wealth of more than £301bn, the list says.

The UK has more billionaires per head of population than any other country, with London hosting more billionaires than any other city in the world.

Nick Beake reports.