Here are the 15 richest people in Wales in 2016. They have made their fortunes in sectors including food, construction and insurance. There is only one billionaire on the list - though the second placed entry has a fortune of over £900 million. The list was compiled by Robert Watts and Philip Beresford, who puts together the Sunday Times Rich List every year. It was put together for Wales Business Insider magazine, who named the 50 richest people in Wales. For the full list visit the Insider Media page. 2016: £1,170m 2015: £1,040m Sir Terry Matthews is part of the Swansea Bay City Region board and is advising the Tata buy-out team Excalibur . The owner of the Celtic Manor Resort, which has recently acquired further properties in Newport, is one of Wales most successful entrpeneurs. 2016: £910m 2015: £900m Steve Morgan, 63, founded and later floated the Flintshire -based Redrow construction business. This summer Redrow confirmed a 20% rise in revenues with average house sales up £31,000 on 2015. In July he sold the Championship football club Wolverhampton Wanderers to the Chinese Company Fosun International for an estimated £45m. 2016: £750m 2015: £550m As a parting gift when he stood down from his role at Admiral Mr Engelhardt, and his wife Diane, gave a £7m bonus to the company’s global 8,000-plus workforce in March, handing all staff a gift of either £1,000 or £500, depending on their length of service. Mr Engelhardt stood down as chief executive of Admiral earlier this year. Video: Henry's last day at Admiral Video Unavailable Click to play Tap to play Play now 2016: £340m 2015: £330m John Deer founded engineering company Renishaw, and was managing director from 1974 to 1989. In September 2014 John was awarded an honorary fellowship at the University of South Wales for his contribution to UK manufacturing. 2016: £300m 2015: £247m Lawrence Jones sold sweets at school , set up a hotel piano rental business as a teenager, bought his first flat aged 19, sold his business in his mid-20s and launched UKFast in 1999. The Manchester-based company is now the largest privately-owned web hosting provider in the UK, earning the boy from a Denbigh council estate an MBE for services to the UK digital economy. 2016: £240m 2015: £234m The sons of the late Thomas Stanley Thomas , the man behind iconic Peter’s Pies, are still involved with the family business, as well as property. Peter is chairman of Cardiff Blues and Sir Stanley is benefactor to Merthyr RFC . 2016: £226m 2015: £178m Boss of Welsh company Iceland Malcolm Walker and his family come in at £226m, up £11m. Walker co-founded the Iceland frozen food chain after opening a single shop in Oswestry. 2016: £210m 2015: £160m Heather and David Stevens were part of the small team which launched the insurance group Admiral in 1993 in Cardiff. Since its launch Admiral has grown to become one of the largest private sector employers in Wales with a turnover of more than £2bn. David Stevens has taken over as chief executive. 2016: £207m 2015: £148m Dai Walters established the Hirwaun -based Walters Group of civil engineering and development companies and his son Richard owns Celtic Mining. Dai also owns Ffos Las racecourse. 10= Richard Griffiths (Finance) 2016: £200m 2015: £115m The former rugby player from Brecon floated Evolution and Ora Capital Partners, and currently has stakes in more than 20 companies. 2016: £200m 2015: £115m Founded RSR, which specialises in medical diagnostic kits, employs 120 people at its Cardiff HQ. 2016: £198m 2015: £122m Bangor-based property developer Mark Watkin Jones and family are up £76m on last year, now worth £198m. 2016: £170m 2015: £170m Welsh biotechnology entrepreneur Sir Chris Evans, from Port Talbot , has a wealth of £170m, no change from last year. 2016: £135m 2015: £92m Tarsem Dhaliwal, the finance director of Iceland, has a shareholding in the company. 2016: £108m NEW ENTRY The IG Group employs 500 staff in Ystrad Mynach and 3000 worldwide. The family is involved in Hedlund property, Festive Productions, Tomorrow's Energy and Build Eco Homes.
Steve Morgan, Redrow founder, was named by Wales Online as the second richest person in Wales in 2016, with wealth listed at £910m, up from £900m in 2015. Redrow reported a 20% rise in revenue from 2016, and Morgan sold the Wolverhampton Wanderers Championship football club for £45m.