Lord Sainsbury and family
The Sainsbury family – now estimated to be worth £560M – was placed 217th on this year’s list. The supermarket group, in which the family has a 6.52% stake, is valued at £5.85bn.
The food group’s full-year profits before tax fell 8.2% to £503M in the 12 months to March 11.
It reported a 26.8% fall in earnings per share to 17.5p, while underlying profit before tax decreased 1% to £581M. Total group sales, however, increased 11.6% to £26.2bn.