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However, he has managed to retain his billionaire status - he has a net worth of £2.4bn according to the latest Sunday Times Rich List.
Source: https://www.bbc.co.uk/news/business-65692302?at_medium=RSS&at_campaign=KARANGA
Mr Kennedy had a fortune of £275m, according to the Sunday Times Rich List in 2019.
Source: https://www.business-live.co.uk/retail-consumer/one-britains-richest-men-buys-26822068