Who is Merseyside's richest person Tom Morris? And how did he make his billions?

Reclusive businessman Morris started a Liverpool-based discount retail chain in 1976 when he was 21 years old.

Transcript

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.