But who is hedge fund manager Michael Platt and how did he amass his vast personal fortune of £10bn?
With the help of Sunday Times Rich List data, these are the 10 richest people in the North West in 2022.
The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies.
The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies.
6. The Arora Family
Simon, pictured, Bobby and Robin Arora: source of wealth: B&M: £2.543 billion. Simon Arora was born in November 1969. He studied law at Cambridge University. In 1995, he went into business with his younger brother Bobby Arora, importing homewares from Asia and supplying them to UK retail chains, before buying B&M in 2004, which was then a struggling grocery chain based in Blackpool. In 2017, Simon and Bobby cashed in £215m of shares and reduced their stake in B&M by a quarter, three years after taking it public. As of May 2019, the Arora brothers (Simon, Bobby and Robin) jointly have a net worth of £2.26 billion. Photo: Submit