The Sunday Times Rich List has been released for 2025, with the biggest fall in British billionaires on record.
Famous figures including Sir Elton John, Andrew Lloyd-Webber, Sir Lewis Hamilton, David and Victoria Beckham, and the King all appear in the list of the UK’s 350 richest individuals and families.
The latest publication has revealed a third consecutive slump in the number of billionaires residing in the UK, however.
The number of billionaires slid to 156 this year from 165 in 2024, but taking the top spot again this year was the Hinduja family.
Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, were Britain’s richest again after recording a wealth of £35.3 billion.
Let’s break down the top ten billionaires in the UK and how they made their fortune.
Gopi Hinduja and family: £35.3 billion
Britain’s richest family made its fortune from the Mumbai-based conglomerate Hinduja Group.
The group works in business sectors ranging from banking and finance to media and entertainment, even energy. They employ 200,000 staff worldwide.
David and Simon Reuben and family: £26.87 billion
The billionaire brothers made their money through property and technology with their private equity and investment business Reuben Brothers.
They were born in Mumbai and raised in the UK.
Sir Leonard Blavatnik: £25.73 billion
The third-richest is a Ukrainian-born British-American business magnate and philanthropist who built up his fortune in Russia.
He took Warner Music public in the US in June 2020 after buying it in 2011.
Sir James Dyson and family: £20.8 billion
Sir James Dyson is well known for founding the technology firm Dyson and inventing the cyclone bagless vacuum cleaner in the 1970s.
He has since moved into the beauty industry, with his line of hair tools proving particularly popular – the Dyson Airwrap is a popular tool among TikTokers.
Idan Ofer: £20.12 billion
Israeli billionaire businessman Idan Ofer is one of the two sons of shipping magnate Sammy Ofer.
He has interests in shipping, energy, and a roughly 30% stake in the Spanish football club Atletico de Madrid.
Guy, George, Alannah and Galen Weston and family:£17.75 billion
The Weston family has developed most of its wealth through investing in retail.
They have a large stake in Associated British Foods, which owns Primark and produces sugar, run by their son George Weston.
The Weston family saw a rise of £3 billion in their net worth over the past year.
Sir Jim Ratcliffe: £17.05 billion
Manchester United part-owner Sir Jim Ratcliffe is the founder and chairman of global chemicals company Ineos, which was formed in 1998.
The Manchester-born businessman controls football operations at the club after acquiring a minority stake in February last year.
He has previously topped the list but dropped a further three places in this year’s publication.
Lakshmi Mittal and family: £15.44 billion
Indian-born Mr Mittal is the chairman of ArcelorMittal, a multinational steel company headquartered in Luxembourg and the largest steel manufacturer in Europe, North and South America.
He owns mansions in Kensington Palace Gardens, one of the most expensive streets in the world, and is a co-owner of Queen’s Park Rangers football club.
John Fredriksen and family: £13.68 billion
John Fredriksen is a Norway-born shipping magnate who owns oil tankers and has investments in fish farming, dry bulkers and deepwater drilling rigs.
Igor and Dmitry Bukhman: £12.54 billion
The Bukhman brothers are the biggest risers on this year’s list after almost doubling their fortune.
The Russian-born duo built a fortune on mobile games such as Gardenscapes and Fishdom.
Who else is on the list?
The King’s personal wealth has jumped by £30 million to £640 million in the last year, making him as rich as former prime minister Rishi Sunak and wife Akshata Murphy, according to The Sunday Times Rich List.
Charles, who acceded to the throne in 2022, ranks joint 238th in the list of the UK’s 350 wealthiest people and families, up 20 places from 258th in 2024.
Calculations by the newspaper’s Rich List suggest the monarch is £140 million richer than David and Victoria Beckham, who are said to be worth £500 million, with former England captain Beckham being Britain’s richest sports star.
The 76-year-old monarch, who has faced a challenging past year as he continues to undergo treatment for cancer, has benefited from the investment portfolio he inherited from his late mother for the bulk of his wealth, the newspaper said.
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