City & Guilds Vocational Rich List 2011

2011 Rich List shows value of vocational training

06 April 2012

New research shows that many of the UK’s wealthiest people found their fortune-making skills through apprenticeship schemes and vocational training.

The City & Guilds Vocational Rich List 2011 reports that Britain’s wealthiest people who come from a vocational background are worth £17.6 billion.

Independently compiled by Philip Beresford, author of The Sunday Times Rich List, the City & Guilds Vocational Rich List ranks wealth among those who have amassed their fortunes following either an apprenticeship or vocational qualification.

The List reinforces the principle that vocational learning is a gateway to wealth regardless of a learner’s background.

Formula One team principal Ross Brawn (#34 on the List with £100m) and celebrity hairstylist John Frieda (#22 with £150m) both began their careers as apprentices, along with the List’s leader, JCB industrialist Sir Anthony Bamford, who has an estimated wealth of £2.15bn.

Skills training for success

‘Our latest Vocational Rich List proves you don’t need a degree to succeed,’ said Chris Jones, CEO and Director General of City & Guilds. ‘The list not only celebrates the success of Britain’s leading businessmen and women, but also serves as an inspiration to others to discover their talent and unlock their potential through vocational education and skills training.’

Certain industries were particularly well represented on the List, such as catering. Jamie Oliver (#33), Rick Stein (#79), Delia Smith (#89) and Gary Rhodes (#100), prove that hard work in the kitchen can lead to considerable wealth.

Commenting on the List, entrepreneur and panellist for BBC One’s Dragons’ Den, Deborah Meaden (#63), said, ‘As someone who set up their own business at a young age, I know only too well how important it is to have the right skills and the right attitude to become successful. Skills really do mean business.'

SCHOOL LEAVERS DEMAND VOCATIONAL LEARNING

Our research reveals that three quarters of young people demand skills-based training to achieve their ambitions Read full research article

OUR THINKING