Lancashire's Michael Platt from Preston crowned the youngest billionaire in the UK with the highest net worth

A Preston man has been named the youngest billionaire in the UK with the highest net worth in the top 10...watch our video to find out exactly what that means.

55-year-old Michael Platt was born and raised in a modest home in Lancashire - and now he is worth an estimated £12.7bn fortune.

But, what does that mean - and how did he get SO rich?

Our video, presented by Lucinda Herbert, clears up any confusion.

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