PokerStars entrepreneur Mark Scheinberg maintains his status as the richest person in the island, according to the new edition of the Sunday Times Rich List.
He may be leading the way but he has seen his wealth fall for a second successive year.
The Isle of Man resident, 45, co-founded PokerStars with his father, Isai, and built it into the world’s biggest online poker company,before cashing out in 2014 for £3.3 billion.
His wealth is now said to be £3.544bn, down £12 million on last year.
Property tycoon John Whittaker and family have seen their wealth decrease by £300m but they maintain third spot in the list being worth £1.95 bn.
Three other island residents are also billionaires.
Alki David and the Levantis family are worth £2.6bn, up £400m; Jim Mellon’s wealth is now £1.1bn, up £100m and Trevor Hemmings is said to be worth £1.025 bn, up £25 m.
The other ’locals’ on the list are Dan Craddock at £500m, no change from last year, Mark Shuttleworth, £500m (no change), Steven Lamprell, £302m, down £17 million, and holiday homes tycoon John Morphet at £155m, down £5m.
Robert Watts, compiler of the Sunday Times Rich List said: ’There aren’t too many islands with five billion-plus fortunes.
’But the Isle of Man, with its well documented tax advantages, still draws young and older members of this gilded class to its shores.’
There will be more on the Sunday Times Rich List in the Isle of Man Examiner on Tuesday.