The rich are getting richer, according to the annual Sunday Times Rich List, revealing the wealthiest 20 people in East Anglia.

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Kirsten Rausing and her family have been revealed as the richest in East Anglia in The 2016 Sunday Times Rich List, with a wealth of £8.7bn.

Ms Rausing, of Newmarket is a major shareholder her family's business, best known for its milk and juice cartons. She is also a successful horse breeder, owning two Suffolk stud farms and the Staffordstown Stud in Ireland. But her and her family's fortune derives from the Switzerland-based packaging group Tetra Laval.

Estate agent Jon Hunt is the region's only other billionaire, worth £1.25bn this year, a rise of £64m. Born in Colchester, Hunt sold his Foxtons estate agency chain for £375m at the height of the property boom.

Elveden landowner the Earl of Iveagh and the Guinness family remain in third place on the East Anglian Rich List with a fortune put at £854m, up £4m on last year. The family estate at Elveden Hall is home to the biggest lowland farm in the UK covering 22,500 acres.

Eastern Daily Press: Robert Carter from RG Carter.Photo: Andy DarnellRobert Carter from RG Carter.Photo: Andy Darnell (Image: Archant © 2010)

He is the chair of the company that runs the Guinness family's financial affairs including their stake in Diageo, the drinks giant which now owns Guinness, and is worth £200m.

Philip Beresford, who compiled the Sunday Times Rich List, said of the figures: 'The rich are getting richer and businesses in East Anglia are doing well as they have managed to profit from the City of London and the region has benefited from the Cambridge boom. East Anglia having one of the lowest unemployment rates in the country also helped.'

The highest-ranked Norfolk entry in the list is Robert Carter and family, whose construction business has helped them to amass a fortune of £150m, placing them joint 17th in East Anglia and joint 658th in the UK.

Alfie Best is the highest new entry in the region, ranking 16th, with a fortune of £160m from his caravan park empire.

Others in the top 10 include Marcus Evans, owner of Ipswich Town FC, and David and Patricia Thompson, who own Cheveley Park Stud in Newmarket.