Ashley One In 12.6million?

Last updated : 17 March 2014 By Footy Mad - Editor

Newcastle United boss Mike Ashley is one of five billionaires whose combined wealth exceeds that of the 12.6million poorest Britons.

They are valued at almost £30billion together, but the bottom 20% of the nation are worth £28.1billion, according to Oxfam research.

Oxfam said it feared the growing gulf could become even wider with £12billion more welfare cuts to come and many families already resorting to food banks just to eat.

Others making up the rich list include the ­Grosvenor family, headed by the Duke of Westminster, who are worth about £8billion. They are followed by the Reuben brothers, closely followed by the Hinduja brothers, and the Cadogans.