Sunday Times Rich List: Michael Moritz hits Wales top spot
Cardiff-born billionaire Michael Moritz is Wales' richest person, according to an annual survey.
He has overtaken billionaire entrepreneur Sir Terry Matthews to gain the top spot of The Sunday Times Rich List.
Mr Moritz, who helped to put Google on the map, has an estimated wealth of £1.125bn.
The 59-year-old made his fortune by investing in internet companies including YouTube, LinkedIn and PayPal.
Mr Moritz, chairman of the US-based venture capital firm, Sequoia Capital, was in second place in 2012, with an estimated wealth of £1.082bn.
In 2013 he sits in 70th place in the UK.
Mr Moritz invested £2.89m in LinkedIn in 2003 and when it floated on the New York Stock Exchange in May 2011, that stake was worth more than £900m.
In July last year, Mr Moritz, who went to the now-closed Howardian High School in the Penylan area of Cardiff and the only pupil in his year to go to Oxford University, donated £75m to the university to help students from poorer backgrounds.
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