JERSEY’S financial outlook seems bleak. A £125 million budget shortfall looms ominously on the horizon and sweeping austerity measures and taxes could be introduced to plug the hole. But in the midst of the Island’s economic woes some residents are doing rather well.
Jersey officially the Bailiwick of Jersey is a Crown dependency located near the coast of Normandy, France. Jersey was part of the Duchy of Normandy, whose dukes went on to become kings of England from 1066. After Normandy was lost by the kings of England in the 13th century, and the ducal title surrendered to France, Jersey and the other Channel Islands remained attached to the English crown.
Richest People in Jersey 2018 and their Net worth
10. James Vernon
Wealth: £250 m
National rank: 391
Source of wealth: Finance
There are good years and then there are great years – the type when you get £100 million richer. Brevan Howard hedge fund co-founder James Vernon had a great last 12 months. The multi-millionaire nearly doubled his personal fortune by netting around £100 million pound since the last Rich List was released.