Goldman Sachs wealthy ranked by Sunday Times

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For anyone who is in any doubt about Goldman Sachs as a money-making machine, how about this for a statistic: 3.3% of the richest 300 people in Britain are Goldman Sachs employees.

The US investment bank has produced 10 entries in the Sunday Times's annual list of the wealthiest people in the country. That's more multi-millionaires than any single company in Europe has ever created, according to Philip Beresford, the Rich List's author.

Heading the Goldmans list is co-chief operating officer John Thornton, worth an estimated 230m

and ranked 144 in the country.

Bringing up the rear is John Aisbitt, worth 115m and ranked 296. Others include Gavyn Davies, probably the only Goldmans millionaire who could qualify as a household name, by virtue of his previous life as one of the former government's key economic advisers.

Several other stars in the financial services firmament rank higher than anyone at Goldmans.

One is John Duffield, founder of Jupiter Asset Management. The sale of Jupiter to Commerzbank last year earned Duffield a highly contentious 175m, taking his total worth to 250m, according to the Sunday Times. As a result Duffield jumped from 292nd place in 2000 to 134th this year.

Several old banking families have also raised their profiles in the Rich List, following a spate of bank sales last year. Bruno Schroder and family moved up from ninth to sixth place, after the sale of Schroders to Salomon Smith Barney. The Schroder family are now estimated to be worth 1.75bn, compared to 1.5bn last year.

The sale of Robert Fleming to Chase Manhattan last year had a similar impact on the wealth of the Fleming family, up nine places to 13 this year, with total wealth of 1.3bn.

The Hambro family, meanwhile, increased their wealth from 80m in 2000 to 120m this year, after the sale of JO Hambro Investment Management to Credit Suisse First Boston.

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