A BUSINESSMAN who grew up in Wiveliscombe, and lost his billionaire status in 2023, has been included The Sunday Times Rich List 2024.

Peter Kelly, who was educated at Taunton School, has regained his billionaire status and is number 155 in the country's list of wealthiest people as he is now worth 1.107bn.

The list was reported by The Sunday Times and includes 350 individuals and families.

Mr Kelly made his fortune through founding IT infrastructure and services provider Softcat in 1993.

Mr Kelly, who now lives in Buckinghamshire, stepped down from his non-executive director role at Softcat in 2015 but the IT company has continued to expand, with its ninth office opening in Birmingham in 2019.

Softcat, which is based in Marlow, is regularly voted among the top places in the country to work and became the first company in Europe to have its net-zero targets for emission reduction approved in August 2022.

The full list shows Prime Minister Rishi Sunak and his wife Akshata Murty at 245, and King Charles III at 258.

Glastonbury headliner Sir Paul McCartney and his wife Nancy can be found at 165, while last year's star Sir Elton John is at 291.