The Candy brothers have thrown open their offshore accounts to show assets worth £450m in an attempt to quash rumours that their fortune has been hit by the recession.

Nick Candy and his brother Christian have taken the unusual step of showing The Sunday Times details of how they control their funds through a bank account in Guernsey where £244m is invested.

They also gave details of their Monaco penthouse, which they claim could be worth £150m, and their two yachts, Candyscape and Candyscape II, which together are valued at £50m.

Sunday Times