Hamilton is Britain’s richest sports person

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Formula 1 world champion Lewis Hamilton has raced onto the Sunday Times Rich List for the first time, while the family behind Europe’s biggest steelmaker have fallen out of the top 10, losing more than £2 billion in the past year.

Hamilton, who is Britain’s wealthiest sportsman, is worth £106 million, according to the guide to Britain and Ireland’s richest people.

Entrants had to have at least £103 million to make it onto the 2016 list, up from £100 million last year.