She is modest, hard working and now extremely wealthy.
Industry Insights: More premium business content offered by The National
Last Updated: May 22, 2011
China and India show there are merits in both order and chaos The governments of India and China are vastly different, but both systems have their advantages. Read article
Microsoft's acquisition of Skype opens battle lines with Apple Microsoft's $8.5 acquisition of Sype signals the start of a competitive offensive against Apple and will also loosen the restrictions on VOIP in the Middle East. Read article
Stockholm could teach Abu Dhabi a few green lessons Industry Insights // The Swedish city has a surprising amount in common with Abu Dhabi in its outlook on sustainable living and cutting carbon emissions, and could provide some useful lessons for the UAE capital. Read article
Vertigo and pain in Indian property India Dispatch // India needs to produce tens of millions of homes just to satisfy current demand in its cities, but prices that are beyond the reach of most aspiring buyers mean completed units sit unsold and other projects fall into limbo. Read article
More Industry Insights
Dame Mary Perkins, 67, the co-founder of the optician chain Specsavers,is the UK's first self-made woman billionaire.
She is the country's sixth-richest woman, with £1.15 billion (Dh6.85bn). Dame Mary shares that fortune with her husband Douglas, 68, with whom she started Specsavers in 1984, revolutionising the spectacles industry by selling fashionable frames at affordable prices.
Today they have more than 1,000 stores in 10 countries and a 30 per cent market share in the UK.
And yet for all the trappings, away from business she shuns the limelight and the high life, loving nothing more than choral singing and a walk in the countryside.
Dame Mary is one of 105 women who have made it on to the latest Rich List, compiled by The Sunday Times, which ranks the UK's 1,000 wealthiest people.
This is the first time women have passed the 10 per cent mark on the list. Seven of the 105 women are billionaires.
The UK's super rich have certainly rebounded from the recession, with their wealth increasing 18 per cent in the past year.
There are now 73 billionaires with a total fortune estimated at £395.8bn, equal to more than a third of the national debt.
The number is up from 53 in 2009 but a shade under the 75 in the pre-recession boom of 2008. The £155bn wiped from their collective wealth in the recession of 2009 must now be a distant memory, even as the rest of the country and the economy are still struggling to recover.
The Rich List, compiled by Philip Beresford, is based on identifiable wealth - land, property, assets such as art, or significant shares in publicly quoted companies, and excludes bank accounts. Among the 73 billionaires, 40 were born in the UK.
Xiuli Hawken, 48, is among those whose fortune has thrived since she first came to the UK from China to study English 20 years ago.
Married to a London teacher, she is the highest new entry on the list (seventh) with £1.06bn, wealth that has come from converting China's underground air-raid shelters into underground shopping centres.
The 105 extremely wealthywomen have a combined wealth of £45.23bn, led by Kirsty Bertarelli (£6.87bn), a former Miss UK, former songwriter for the band All Saints and wife of Ernesto Bertarelli, who made his money in the pharmaceuticals industry.
Other women to make it to the list include: JK Rowling, the author of the Harry Potter books; the actress Emma Watson who stars in the Harry Potter films; Tamara Mellon, the co-founder of the Jimmy Choo brand; and Queen Elizabeth II, with a personal fortune estimated at £300 million.
For all of the criticism it receives, London's dubious reputation as the "divorce capital of the world" also contributes to the super-rich women rankings, thanks to a number of high-profile divorces that resulted in favourable settlements for the wives. Ten women have become millionaires from divorce, according to the list.
They include Slavica Ecclestone, the former wife of the Formula One chief executive Bernie Ecclestone. She is now the 10th richest woman in the UK after an amicable divorce in 2009 puts her worth at £734m. Much of Mr Ecclestone's fortune was tied up in trusts in the former Croatian model's name.
Roman Abramovich's wife Irina is now worth £155m, according to the list, thanks in part to her £12m estate in the southern English county of Sussex, part of her divorce proceeds.
But with a fortune of £10bn, putting him third on the UK's rich list, it is but a drop in the ocean for Mr Abramovich, the owner of Chelsea Football Club.
His countryman, the Russian tycoon Boris Berezovsky has also put his wife Galina on the richest women list after their divorce in London last year.
She is said to be worth £80m and still lives in the capital.
For all their increased wealth, however, UK's women remain well short of the list's frontrunner, the steel magnate Lakshmi Mittal.
Despite the falls in ArcelorMittal's share price, which shrank his wealth by £5bn in the past year, he remains the UK's richest man for the seventh year running, with a fortune of £17.5bn.
But as Dame Mary has often been quoted as saying: "There is only a certain amount you can spend, isn't there?"
business@thenational.ae
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Dubai Rugby Sevens
November 30-December 2, at The Sevens, Dubai
Gulf Under 19
Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy
Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2
Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina
Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.8%22%20edge%20quad-HD%2B%20dynamic%20Amoled%202X%2C%20Infinity-O%2C%203088%20x%201440%2C%20500ppi%2C%20HDR10%2B%2C%20120Hz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%204nm%20Qualcomm%20Snapdragon%208%20Gen%202%2C%2064-bit%20octa-core%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%20RAM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%2F1TB%20(only%20128GB%20has%20an%208GB%20RAM%20option)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20quad%2012MP%20ultra-wide%20f%2F2.2%20%2B%20200MP%20wide%20f%2F1.7%20%2B%2010MP%20telephoto%20f%2F4.9%20%2B%2010MP%20telephoto%202.4%3B%203x%2F10x%20optical%20zoom%2C%20Space%20Zoom%20up%20to%20100x%3B%20auto%20HDR%2C%20expert%20RAW%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%208K%4024%2F30fps%2C%204K%4060fps%2C%20full-HD%4060fps%2C%20HD%4030fps%2C%20full-HD%20super%20slo-mo%40960fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20f%2F2.2%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%205000mAh%2C%20fast%20wireless%20charging%202.0%2C%20Wireless%20PowerShare%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%205G%2C%20Wi-Fi%2C%20Bluetooth%205.2%2C%20NFC%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3B%20built-in%20Galaxy%20S%20Pen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESIM%3A%3C%2Fstrong%3E%20single%20nano%20%2F%20nano%20%2B%20eSIM%20%2F%20nano%20%2B%20nano%20%2B%20eSIM%20%2F%20nano%20%2B%20nano%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20cream%2C%20green%2C%20lavender%2C%20phantom%20black%3B%20online%20exclusives%3A%20graphite%2C%20lime%2C%20red%2C%20sky%20blue%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh4%2C949%20for%20256GB%2C%20Dh5%2C449%20for%20512GB%2C%20Dh6%2C449%20for%201TB%3B%20128GB%20unavailable%20in%20the%20UAE%3C%2Fp%3E%0A
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
MATCH INFO
Everton 2 (Tosun 9', Doucoure 93')
Rotherham United 1 (Olosunde 56')
Man of the Match Olosunde (Rotherham)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners