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Able UK's Peter Stephenson named as new billionaire in Sunday Times Rich List

His fortune more than doubled from £591m as a revaluation of Able UK’s assets and growth in renewables lifted him into second place regionally.

Summary by TeessideLive
Cleveland Cable group founders Alastair and Michael Powell also figure in this year's annual wealth survey

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Able UK's Peter Stephenson named as new billionaire in Sunday Times Rich List

Cleveland Cable group founders Alastair and Michael Powell also figure in this year's annual wealth survey

·Middlesbrough, United Kingdom
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The Northern EchoThe Northern Echo
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Teesside tycoon Peter Stephenson’s fortune more than doubles to £1.266bn

Teesside businessman Peter Stephenson, founder of Able UK, has seen his fortune more than double in a year to £1.266bn on the regional Sunday Times Rich List.

·County Durham, United Kingdom
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The Northern Echo broke the news in County Durham, United Kingdom on Friday, May 15, 2026.
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