Scotland has a record number of billionaires, with the country’s rich people getting even richer.

THE SUNDAY Times Rich List showed more Scots among the wealthiest in the UK than ever before

Some 74 joining the ranks in the 2012 list, compared to 70 the previous year.

The number of Scottish billionaires has grown from two to five, with Mahdi al-Tajir, head of the Highland Spring mineral water firm named as Scotland’s richest person, worth £1.6 billion.

Sign up to our daily newsletter

The i newsletter cut through the noise

He is joined by the Grant and Gordon whisky family, worth £1.4 billion, Alastair Salveson, and his family, who have a £1.19 billion share of Aggreko, the Glasgow plant hire firm, oil tycoon Sir Ian Wood, worth £1.2 billion, and businessman Jim McColl, worth £1 billion.

The figures were released in the annual Rich List from The Sunday Times.

The entry point for Scots into the list has risen from £47 million to £52 million, with new entries including lottery winners Colin and Chris Weir and internet tycoon Pete Cashmore, who founded the Mashable blog.

Overall, Britain’s wealthiest people have a combined fortune of £414 billion, with 77 billionaires on the list.