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LONDON () -- Sex-business entrepreneur Paul Raymond on Wednesday topped a magazine survey as the richest person in Britain where it is said the rich are getting richer and paying less tax.
BusinessAge magazine said Raymond was worth ?1.65 billion ($2.55 billion). His empire includes sex magazines, clubs and up to 65 percent of London's Soho entertainment area.
The magazine estimated that the top 500 richest people have paid less than 10 percent in income tax over the past year.
Queen Elizabeth, with an estimated personal wealth of ?138 million, was ranked in 72nd place. "We only rank her personal and not her state assets," a spokesman for the magazine said.
Sex King U.K.'s Richest
04 August 1994
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