North Wales millionaires on the Rich List for 2025 - and how much they are worth
The Sunday Times Rich List has today revealed the wealthiest people in the UK in 2025. The annual list shows whose wealth has been going up or down over the last 12 months.
There are eight from Wales on the The Sunday Times Rich List with Sir Michael Mortiz and wife Harriet Heyman top. The venture capitalist and sculptor duo are worth £4.43 billion, but have seen a decrease in £200 million in recent months.
The 76-page special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide's 37-year history, from a peak of 177 in 2022 to 156 this year. The number of billionaires has dropped for three successive years – this year's decline is the sharpest yet.
When it comes to those from North Wales, there are two on the general Rich List and one person on the list of the wealthiest people under 40-years-old.
Top of the North Wales list is 57-year-old Simon Nixon, who was born in Lincolnshire but grew up in Flintshire. He co-founded the price comparison website, MoneySuperMarket in 1993.
He eventually went on to sell his shares by 2016 and now has investments in Monzo. He also makes money from his holiday home website Simon Escapes where he rents out his personal collection of luxury homes around the world from Cornwall to Malibu.
He is worth £1.95bn, up £70m on last year.
Next up is Steve Morgan. He was raised in Rhyl and went to school in Colwyn Bay.
Back in 1974 he borrowed £5,000 from his father to buy his then employer and developed this company into the builder Redrow plc. Under his chairmanship, Redrow was floated on the London Stock Exchange in 1994.
In recent years he stepped back from the business to take a non-executive role. He has other business and investment interests and also donates significant sums to good causes through his foundation.
He is worth £988m - up £73m on last year.
The richest young person in Wales is a Wrexham entrepreneur who has created hundreds of jobs in the city. Alex Lovén, 37, had a spark of a business idea when he bought a cricket bat aged 13 and he realised he could turn a profit by buying in bulk and selling to his friends and teachers at school.
After later deciding further education wasn't for him, he worked long hours at a builders' merchants, saving up enough money to buy a full container of sports nets. He saved up £13,000 from his shifts to kick-off his sports equipment business in 2009.
Net World Sports now employs hundreds in a huge modern £25m HQ in North Wales and sells more than 100,000 football goals a year - alongside a vast array of other sporting products. It has made Alex the richest person under 40 in Wales.
He is worth £262m.
Robert Watts, compiler of the Sunday Times Rich List, said: 'Our research continues to find a wide variety of self-made entrepreneurs building fortunes not just from artificial intelligence, video games and new technologies but also mundane, everyday items such as makeup, radiators and jogging bottoms.
"We know many of our readers find these people and their stories inspiring — especially the many who had tough starts or setbacks to their lives and careers.'
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