The number of billionaires in the West Midlands is on the rise after property magnate Tony Gallagher surpassed the landmark figure.
The annual Birmingham Post Rich List is published in print and online today and now features 11 billionaires.
Mr Gallagher, who runs Gallagher Developments, has seen his personal fortune rise from £925 million in 2019's list
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He joins Aston Villa's joint owners Nassef Sawiris and Wes Edens, Wolverhampton Wanderers' chief Guo Guangchang and West Bromwich Albion boss Guochuan Lai among the region's richest individuals.
The 2020 Rich List is published in association with bespoke investment management company Quilter Cheviot.
Construction, property and manufacturing also feature heavily in the list of the region's 50 wealthiest people which also includes household names such as JCB owner Lord Bamford, John Cauldwell, founder of now defunct retailer Phones4u, and 100 year-old air-conditioning tycoon Jacques Gaston Murray and family.
The entry price for making the 2020 list has stayed the same as last year at £115 million.
The full Birmingham Post Rich List 2020 can be read in a special supplement published with this week's Birmingham Post, out in shops today,
The top ten in the Birmingham Post Rich List 2020
| Name | Business | 2020 Wealth | 2019 Wealth |
| Nassef Sawiris | Aston Villa, construction | £5.7bn | £5.2bn |
| Lord Bamford & family | JCB | £4.8bn | £4.5bn |
| Guo Guangchang | Wolves, investment | £4.5bn | £4.2bn |
| Guochuan Lai | West Bromwich Albion | £2.2bn | £2.5bn |
| Lord Paul of Marylebone & Family | Caparo | £2bn | £1.5bn |
| Wes Edens | Aston Villa, investment | £2bn | £1.9bn |
| John Bloor | Bloor Bloor Homes, Triumph | £1.9bn | £1.8bn |
| John Caudwell | Phones4u, property | £1.6bn | £1.56bn |
| Jacques Gaston Murray & family | Andrew Sykes | £1.25bn | £1.2bn |
| Lord Edmiston | IM Group, automotive | £1.1bn | £1bn |
How the rich list is selected
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The Rich List is geographically focussed on the West Midlands, concentrating on the areas covered by our three local enterprise partnerships: Greater Birmingham and Solihull (including parts of Staffordshire and Worcestershire), the Black Country and Coventry and Warwickshire.
The 50 entrants on the 2020 list either live, work or make a significant economic or cultural contribution to the areas covered by these three LEPs.
We place an emphasis on fortunes that are used to benefit or enrich the West Midlands and its immediate area and work only with publicly available information.