THE billionaire Done brothers have seen their fortune slip by £50m according to the latest figures published in the annual Sunday Times Rich List.

The annually-published list charts the wealth of the 1,000 richest people in the UK and is based on identifiable wealth, including land, property, other assets such as art and racehorses and significant shares in publicly quoted companies.

It excludes bank accounts, to which the newspaper has no access.

According to the list Fred Done, 77, and his brother Peter, 73, who opened their first Betfred branch in Pendlebury, Salford, in 1967, suffered a loss of £50m as they fell six places to 123rd in the list.

Their overall wealth is estimated at £1.2bn.

The BetFred chain has closed shops and made a loss of £43.8m in 2017-18, but still paid a £10.2m dividend.

Their profile reads: "The brothers’ Rainy City Investments had £86.1m assets in 2018-19, down £22.7m in a year after a £45m dividend, while a property firm saw a £1.4m gain. The pair are building 500 homes on Manchester’s former racecourse but the Covid-19 shutdown will hurt BetFred. The brothers invest in Salford City, the League Two football club in which David Beckham has a 10% stake."

The brothers now boast more than 1,650 UK outlets and shops at 51 racecourses and took over the Tote for £265m.

Other Done family interests include legal services, insurance, sports promotion, a restaurant and the Salboy construction projects.

Beckham and his wife Victoria are estimated to be worth £370m up £15m from last year.

Inter Miami, David’s US football team, played their first Major League Soccer game in March, going down 1-0 against Los Angeles. The former midfielder sold his shares in the Miami venture for an undisclosed sum but there were reports earlier in the year that he had signed a £180m sponsorship deal for the team with Qatar.

Beckham also owns 10% of Salford City football club with former teammates Ryan Giggs, Gary Neville, Phil Neville, Paul Scholes and Nicky Butt, all members of Manchester United's "golden generation" from the 1990s. The League Two club turned down the chance to save about £350,000 by joining the government's coronavirus job-protection scheme last month, shortly before Victoria was heavily criticised after 25 staff were furloughed from her fashion business. She later reversed the decision.