93-year-old billionaire businessman was spared jail time last year after he acknowledged not telling the government that more than £400 million was held in a Singaporean trust.
93-year-old billionaire businessman was spared jail time last year after he acknowledged not telling the government that more than £400 million was held in a Singaporean trust.
He consented to pay HM Revenue & Customs £652.6 million in excess of the tax he owed over an 18-year period beginning in 1994.
Consequently, Mr. Ecclestone was the nation’s second-highest individual taxpayer, according to the tax list researchers.
Alex Gerko, the founder of XTX Markets and a financial trader of Russian descent, secured the top spot with £664.5 million.
Denise, John, and Peter Coates—the family behind the massive online gambling company Bet365—came in third place on the list. £375.9 million was paid by them.
