It is now more apparent than ever that the richest people in Britain are creating their own fortunes rather than inheriting it.
According to a preview of The Sunday Times Rich List, which lists the 1,000 wealthiest individuals and families in the UK, there are also a number of wealthy individuals that give a substantial amount of their fortunes to charity.
Within the rankings, The Sunday Times also has sub-index called “The Giving List” which looks at the amount an individual is worth and what proportion they give to charity in a year.
Ahead of the full Sunday Times Rich List, which will be released in May, Business Insider took a quick look at the 11 most charitable rich people in Britain. All figures were account for the year leading up to April 30, 2017:
11. Sir Mike Uren
Net worth: £140 million.
Donations: £13.6 million.
Giving Index:9.74%.
Main beneficiaries: Education, medical, environment.
The 93-year-old was the founder and chairman of manufacturer Civil & Marine from 1955 to 2006. He spends a lot of his fortune donating to the Imperial College London university, where he attended. For example in 2014, he donated £40 million to a new biomedical engineering centre.
10. Sir Elton John
Net worth: £290 million.
Donations: £34.3 million.
Giving Index:11.82%.
Main beneficiaries: HIV/Aids, medical, arts.
The music artist is one of the country's most active campaigners and has raised huge sums for his UK and US-based Aids Foundations.
9. Jonathan Ruffer
Net worth: £406 million.
Donations: £49.8 million.
Giving Index:12.27%.
Main beneficiaries: Community, arts, social, heritage.
The former investment banker and barrister has become one of Britain's most charitable art philanthropists. He is also a famous art collector and even gives £75,000 grants to art curators every year as part of his The Art Fund.
8. Jeremy Coller
Net worth: £250 million.
Donations: £42.8 million.
Giving Index:17.11%.
Main beneficiaries: Education, Jewish, human rights.
The CEO and executive chairman of private equity firm Coller Capital is also the founder of the Jeremy Coller Foundation - established in 2002. He also "sits on the Advisory Council of The Elders, an independent group of global leaders chaired by Kofi Annan, who work together for peace and human rights," according to the JCF website.
7. Lord Rumi Verjee
Net worth: £165 million.
Donations: £33.9 million.
Giving Index:20.54%.
Main beneficiaries: Education, children, social.
"As an immigrant from East Africa I arrived in the UK with little more than a good education and a desire to succeed. Twenty-five years on as a self-made entrepreneur, I feel very fortunate to be in a position where I can give something back to my adopted country and give expression to the philanthropic spirit that has shaped my family's cultural DNA for many generations," said Vergee on his Rumi Foundation website.
6. Sir Chris Hohn
Net worth: £820 million.
Donations: £204.9 million.
Giving Index:24.99%.
Main beneficiaries: Health, climate change, nutrition.
The Sunday Times says Hohn's charity, The Children's Investment Fund Foundation, has more than £3 billion of assets and tackles poverty.
5. Dame Janet de Botton
Net worth: £200 million.
Donations: £50.4 million.
Giving Index:25.22%.
Main beneficiaries: Medical research, education.
De Botton's vast wealth mainly comes from inheritance and her art collection but she is extremely generous in her donations. She schairs the Wolfson Foundation, which has more than £750 million of assets, and generates millions of pounds a year for charities mainly related to science and medicine.
4. Steve Morgan
Net worth: £831 million.
Donations: £229.8 million.
Giving Index:27.65%.
Main beneficiaries: Community, children.
Earlier this year, the CEO of one of Britain's largest housebuilders - Redrow - donated £200 million in the form of 42 million Redrow shares to The Morgan Foundation, which funds thousands of charities and community groups.
3. Sir Clive Cowdery
Net worth: £147 million.
Donations: £44.7 million.
Giving Index:30.43%.
Main beneficiaries: Social, education, research.
Cowdery earned a knighthood in 2016 for the funding and creation of the Resolution Foundation - an independent think tank that looks at ways to fight poverty.
2. Lord Sainsbury
Net worth: £560 million.
Donations: £196.3 million.
Giving Index:35.05%.
Main beneficiaries: Education, arts, humanitarian.
Lord Sainsbury is a prolific donor to charitable causes through his Gatsby Charitable Foundation. GCF has given more than £1 billion to charity so far.
1. Jamie Cooper
Net worth: £337 million.
Donations: £204.9 million.
Giving Index:60.81%.
Main beneficiaries: Health, climate change, nutrition.
Cooper is the ex-wife of Sir Hohn (also featured in the list) and was awarded £337 million in a divorce settlement in 2014. However the US-born philanthropist still remainsa trustee of Hohn's Children's Investment Fund Foundation.