Reclusive businessman Morris started a Liverpool-based discount retail chain in 1976 when he was 21 years old.
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00:00 A new edition of the Sunday Times Rich List is named the most wealthy in
00:04 Liverpool and Merseyside. The 76 page special edition details the wealth of
00:09 the 350 richest people in Britain revealing the largest fall in the
00:13 billionaire count in the Guides 36 year history. Those featured on the list must
00:18 be worth at least 350 million pound based on identifiable wealth including
00:23 land, property, other assets such as art and resources or significant shares in
00:27 publicly quoted companies. This year's list has revealed that Liverpool legend
00:31 Sir Paul McCartney has become the UK's first billionaire musician after gaining
00:35 50 million pounds since last year. Tom Morris and family are the locals on the
00:40 top of the list with a net worth of a 6.673 billion pounds. Morris started the
00:46 Liverpool based discount retail chain Home Bargains in 1976 when he was just
00:50 21 years old. He reportedly founded the brand using a bank overdraft. It now has
00:55 more than 550 stores employing thousands of staff.