Burlington Arcade, Primark and Belstaff owners top fashion arm of Sunday Times Rich List
Once again this year, the fashion industry figures prominently in the Sunday Time Rich List with the 2025 ranking featuring some long-established and more recently famous Rich Listers.
The list may not be definitive as it it's based on identifiable wealth and not private things like bank accounts. But it's still the best option out there to find just who's making big money from fashion.
David and Simon Reuben with a fortune of almost £27 billion are second on the overall list but are the top fashion-linked names. They own Burlington Arcade, the upmarket central London shopping destination that hosts some of fashion and beauty's top brands.
The extended Weston family — Guy, George, Alannah and Galen Weston and family — is the second fashion name with a combined fortune of almost £18 billion. They rose two places this time to number six. They control Primark and Fortnum & Mason (and Holt Renfrew in Canada).
Behind them at number seven on over £17 billion is INEOS tycoon Sir Jim Ratcliffe with his company not primarily focused on fashion but making the fashion grade by controlling the Belstaff label.
The Duke of Westminster and the Grosvenor family are at number 14 with a net worth of almost £10 billion. While their property interests are diverse, the fact that they own fast tracks of land in central London makes them one of the key fashion retail landlords there. And their ownership of many luxury enclaves in the West End underlines that.
At number 23 on £7.7 billion is Anders Holch Povlsen along with his family. He has big stakes in ASOS and Debenhams Group as well as controlling most of Topshop and owning the giant Danish Bestseller business.
Also high up on the list at number 28 are Pentland and JD Sports ' Stephen Rubin and family on £6.66 billion; Earl Cadogan and family at number 30 with £6.1 billion (they own the Cadogan estate which induces Sloane street and the King's Road); and Zuber and Mohsin Issa on £6 billion whose purchase of Asda a few years ago also bought them the George at Asda label.
A bit further down, Laurence and Francois Graff of the luxury jewellery brand are on £3.65 billion; Baron Howard de Walden and family who control big parts of the Marylebone shopping district are on £3.2 billion; Mike Ashley who owns most of Frasers Group is on £3.1 billion; and River Island's Bernard Lewis and family are on £2.7 billion.
New to this year's list are Castore founders Tom and Phil Beahon. They may only be in 345th place with their joint £350 million fortune, but chances are they'll rise higher in the list as the years go by.
Other current and past key names further down the list, all with fortunes in the hundreds of millions, are Barbour 's Dame Margaret and Helen Barbour; Matt and Jodie Moulding of THG; Chrissie Rucker and Nick Wheeler of The White Company and Charles Tyrwhitt; David and Victoria Beckham; Matches founders Tom and Ruth Chapman; and Andrew Killingsworth of Yours Clothing.
Meanwhile, Gymshark founder Ben Francis is number four in the The Sunday Times 35 Under 35 Rich List, with his wealth valued at £900 million.
Also on the 35 under 35 list are some names likely to be on the main list at some point. They include Lounge Underwear co-founders Daniel and Melanie Marsden on £151 million; footballer turned fashion entrepreneur Reece Wabara of Manière De Voir at £83 million, and AYBL founders Reiss and Kristian Edgerton at £60 million.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
19 hours ago
- Fashion Network
Guggenheim's Rosenfield revives Danish brand selling $450,000 watches
Alex's background is in fashion and beauty marketing, and Andy is a philanthropist and the president of the financial services firm Guggenheim Partners LLC. The three timepieces represent the revival of a brand that traces its roots to 1773, when Danish watchmaker Jorgen Jürgensen started creating his own pocket watches—far away from the watchmaking heartlands of Switzerland and France. Later, his son Urban took over the helm. A master of mechanics and crafts, Urban built some of the finest pocket watches of the time. The company was handed down from generation to generation until the early 1900s, when it was sold and, in the ensuing years under several different owners, its popularity declined. The brand enjoyed a second renaissance when Swiss watch collector Peter Baumberger purchased the company in 1979 and brought British watchmaker Derek Pratt onboard to create beautiful pocket watches, some oval in shape (including the Pratt Oval, a rare masterpiece you can read about here) and others with teardrop-shaped lugs. In 1996, Baumberger hired cult Finnish watchmaker Kari Voutilainen to work on new movements for wristwatches. Those round wristwatches featured design aesthetics such as teardrop lugs, stepped bezels and small subsidiary seconds dials, embracing a Danish minimalistic, comfortable and functional design style. Voutilainen says he honed his unique finishing skills, the distinctive techniques that define his work, while at the company. Today, he's one of the most celebrated and award-winning independent watchmakers, known for his mastery of the art of engine turning dials by hand on vintage machines, for his incredibly complex finishes on movement parts and his complicated horological movements. While he was passionate about propelling the brand forward, Baumberger died in 2011, which ushered in a new set of owners and diminished demand. Then, four years ago, in 2021, watch collector Andy Rosenfield purchased the Urban Jürgensen brand (with a small group of investors), with the goal to propel it into a third golden age. Already an owner of several Voutilainen watches, Rosenfield brought Voutilainen onboard, along with his own son Alex, to act as co-chief executive officers. While the Rosenfields own 85% of the business, Voutilainen (and some family and friends) own the remaining 15%. Together the co-CEOs vowed to return Urban Jürgensen to its former glory but with a modern twist. 'Our goal is to take our Danish spirit and to create a brand that feels joyful and welcoming. The watches were designed by Kari to be appealing to both men and women,' says the elder Rosenfield. 'He designed a new case and lug shape for the watches that make them sit very comfortably on a smaller wrist.' The round cases are 39mm and 39.5mm in diameter and boast either shortened lugs or reinterpreted teardrop-designed lugs to fit nicely on the wrist. The new Urban Jürgensen watches are made in Switzerland. They're powered by in-house movements designed by Voutilainen and made in the Urban Jürgensen workshops in Biel. Two of the three watches are based on a preexisting Voutilainen caliber that's been adapted. It features a free-spring balance wheel with direct double-wheel escapement. Each is crafted in limited numbers. The UJ-1 watch, for instance, is built in a limited edition of just 75 pieces. Also referred to as the 250th Anniversary watch, it boasts a 39.5mm case and houses a complex gold movement with tourbillon remontoir escapement, which compensates for errors in timekeeping due to the effects of gravity and brings constant force for precision. The watch was inspired by the Pratt Oval, with details such as hand-guilloche finishes, an asymmetric minute track and a gold subsidiary dial. Retailing for 368,000 Swiss francs ($450,000), it's crafted in either rose gold or in platinum and features a hand-finished dial in silver or gray. Three combinations will be offered in runs of 25 of each. The plan is to create just 75 each of the other two watches as well. The UJ-2 watch (105,000 francs) is an elegant time-only watch. Created in cooperation with another top independent watchmaker, Andreas Strehler, the UJ-3 is a perpetual calendar with an instantaneous jump mechanism at midnight that keeps the moonphase accurate to within one day every 14,000 years. It retails for 168,000 francs. The brand expects to make fewer than 100 watches in its first year, then double that in the next. Unlike Voutilainen's namesake brand, which makes about 60 watches a year, Rosenfield says Urban Jürgensen will aim to steadily grow over the course of years, focusing on developing new complications. Currently, the watches are only available directly to consumers online. 'This collection is a tribute to Urban Jürgensen and his unique and extraordinary legacy. It's rooted in everything that defines who we are: precision, artistry, and a profound respect for the value of time,' says Voutilainen. 'We want to keep the brand rare, and while we want to grow it, we can't grow too fast. We want to keep building the most sophisticated movements and create watches with a soul.'
Fashion Network
19 hours ago
- Fashion Network
Guggenheim's Rosenfield revives Danish brand selling $450,000 watches
Alex's background is in fashion and beauty marketing, and Andy is a philanthropist and the president of the financial services firm Guggenheim Partners LLC. The three timepieces represent the revival of a brand that traces its roots to 1773, when Danish watchmaker Jorgen Jürgensen started creating his own pocket watches—far away from the watchmaking heartlands of Switzerland and France. Later, his son Urban took over the helm. A master of mechanics and crafts, Urban built some of the finest pocket watches of the time. The company was handed down from generation to generation until the early 1900s, when it was sold and, in the ensuing years under several different owners, its popularity declined. The brand enjoyed a second renaissance when Swiss watch collector Peter Baumberger purchased the company in 1979 and brought British watchmaker Derek Pratt onboard to create beautiful pocket watches, some oval in shape (including the Pratt Oval, a rare masterpiece you can read about here) and others with teardrop-shaped lugs. In 1996, Baumberger hired cult Finnish watchmaker Kari Voutilainen to work on new movements for wristwatches. Those round wristwatches featured design aesthetics such as teardrop lugs, stepped bezels and small subsidiary seconds dials, embracing a Danish minimalistic, comfortable and functional design style. Voutilainen says he honed his unique finishing skills, the distinctive techniques that define his work, while at the company. Today, he's one of the most celebrated and award-winning independent watchmakers, known for his mastery of the art of engine turning dials by hand on vintage machines, for his incredibly complex finishes on movement parts and his complicated horological movements. While he was passionate about propelling the brand forward, Baumberger died in 2011, which ushered in a new set of owners and diminished demand. Then, four years ago, in 2021, watch collector Andy Rosenfield purchased the Urban Jürgensen brand (with a small group of investors), with the goal to propel it into a third golden age. Already an owner of several Voutilainen watches, Rosenfield brought Voutilainen onboard, along with his own son Alex, to act as co-chief executive officers. While the Rosenfields own 85% of the business, Voutilainen (and some family and friends) own the remaining 15%. Together the co-CEOs vowed to return Urban Jürgensen to its former glory but with a modern twist. 'Our goal is to take our Danish spirit and to create a brand that feels joyful and welcoming. The watches were designed by Kari to be appealing to both men and women,' says the elder Rosenfield. 'He designed a new case and lug shape for the watches that make them sit very comfortably on a smaller wrist.' The round cases are 39mm and 39.5mm in diameter and boast either shortened lugs or reinterpreted teardrop-designed lugs to fit nicely on the wrist. The new Urban Jürgensen watches are made in Switzerland. They're powered by in-house movements designed by Voutilainen and made in the Urban Jürgensen workshops in Biel. Two of the three watches are based on a preexisting Voutilainen caliber that's been adapted. It features a free-spring balance wheel with direct double-wheel escapement. Each is crafted in limited numbers. The UJ-1 watch, for instance, is built in a limited edition of just 75 pieces. Also referred to as the 250th Anniversary watch, it boasts a 39.5mm case and houses a complex gold movement with tourbillon remontoir escapement, which compensates for errors in timekeeping due to the effects of gravity and brings constant force for precision. The watch was inspired by the Pratt Oval, with details such as hand-guilloche finishes, an asymmetric minute track and a gold subsidiary dial. Retailing for 368,000 Swiss francs ($450,000), it's crafted in either rose gold or in platinum and features a hand-finished dial in silver or gray. Three combinations will be offered in runs of 25 of each. The plan is to create just 75 each of the other two watches as well. The UJ-2 watch (105,000 francs) is an elegant time-only watch. Created in cooperation with another top independent watchmaker, Andreas Strehler, the UJ-3 is a perpetual calendar with an instantaneous jump mechanism at midnight that keeps the moonphase accurate to within one day every 14,000 years. It retails for 168,000 francs. The brand expects to make fewer than 100 watches in its first year, then double that in the next. Unlike Voutilainen's namesake brand, which makes about 60 watches a year, Rosenfield says Urban Jürgensen will aim to steadily grow over the course of years, focusing on developing new complications. Currently, the watches are only available directly to consumers online. 'This collection is a tribute to Urban Jürgensen and his unique and extraordinary legacy. It's rooted in everything that defines who we are: precision, artistry, and a profound respect for the value of time,' says Voutilainen. 'We want to keep the brand rare, and while we want to grow it, we can't grow too fast. We want to keep building the most sophisticated movements and create watches with a soul.'
Fashion Network
a day ago
- Fashion Network
Guggenheim's Rosenfield revives Danish brand selling $450,000 watches
Alex's background is in fashion and beauty marketing, and Andy is a philanthropist and the president of the financial services firm Guggenheim Partners LLC. The three timepieces represent the revival of a brand that traces its roots to 1773, when Danish watchmaker Jorgen Jürgensen started creating his own pocket watches—far away from the watchmaking heartlands of Switzerland and France. Later, his son Urban took over the helm. A master of mechanics and crafts, Urban built some of the finest pocket watches of the time. The company was handed down from generation to generation until the early 1900s, when it was sold and, in the ensuing years under several different owners, its popularity declined. The brand enjoyed a second renaissance when Swiss watch collector Peter Baumberger purchased the company in 1979 and brought British watchmaker Derek Pratt onboard to create beautiful pocket watches, some oval in shape (including the Pratt Oval, a rare masterpiece you can read about here) and others with teardrop-shaped lugs. In 1996, Baumberger hired cult Finnish watchmaker Kari Voutilainen to work on new movements for wristwatches. Those round wristwatches featured design aesthetics such as teardrop lugs, stepped bezels and small subsidiary seconds dials, embracing a Danish minimalistic, comfortable and functional design style. Voutilainen says he honed his unique finishing skills, the distinctive techniques that define his work, while at the company. Today, he's one of the most celebrated and award-winning independent watchmakers, known for his mastery of the art of engine turning dials by hand on vintage machines, for his incredibly complex finishes on movement parts and his complicated horological movements. While he was passionate about propelling the brand forward, Baumberger died in 2011, which ushered in a new set of owners and diminished demand. Then, four years ago, in 2021, watch collector Andy Rosenfield purchased the Urban Jürgensen brand (with a small group of investors), with the goal to propel it into a third golden age. Already an owner of several Voutilainen watches, Rosenfield brought Voutilainen onboard, along with his own son Alex, to act as co-chief executive officers. While the Rosenfields own 85% of the business, Voutilainen (and some family and friends) own the remaining 15%. Together the co-CEOs vowed to return Urban Jürgensen to its former glory but with a modern twist. 'Our goal is to take our Danish spirit and to create a brand that feels joyful and welcoming. The watches were designed by Kari to be appealing to both men and women,' says the elder Rosenfield. 'He designed a new case and lug shape for the watches that make them sit very comfortably on a smaller wrist.' The round cases are 39mm and 39.5mm in diameter and boast either shortened lugs or reinterpreted teardrop-designed lugs to fit nicely on the wrist. The new Urban Jürgensen watches are made in Switzerland. They're powered by in-house movements designed by Voutilainen and made in the Urban Jürgensen workshops in Biel. Two of the three watches are based on a preexisting Voutilainen caliber that's been adapted. It features a free-spring balance wheel with direct double-wheel escapement. Each is crafted in limited numbers. The UJ-1 watch, for instance, is built in a limited edition of just 75 pieces. Also referred to as the 250th Anniversary watch, it boasts a 39.5mm case and houses a complex gold movement with tourbillon remontoir escapement, which compensates for errors in timekeeping due to the effects of gravity and brings constant force for precision. The watch was inspired by the Pratt Oval, with details such as hand-guilloche finishes, an asymmetric minute track and a gold subsidiary dial. Retailing for 368,000 Swiss francs ($450,000), it's crafted in either rose gold or in platinum and features a hand-finished dial in silver or gray. Three combinations will be offered in runs of 25 of each. The plan is to create just 75 each of the other two watches as well. The UJ-2 watch (105,000 francs) is an elegant time-only watch. Created in cooperation with another top independent watchmaker, Andreas Strehler, the UJ-3 is a perpetual calendar with an instantaneous jump mechanism at midnight that keeps the moonphase accurate to within one day every 14,000 years. It retails for 168,000 francs. The brand expects to make fewer than 100 watches in its first year, then double that in the next. Unlike Voutilainen's namesake brand, which makes about 60 watches a year, Rosenfield says Urban Jürgensen will aim to steadily grow over the course of years, focusing on developing new complications. Currently, the watches are only available directly to consumers online. 'This collection is a tribute to Urban Jürgensen and his unique and extraordinary legacy. It's rooted in everything that defines who we are: precision, artistry, and a profound respect for the value of time,' says Voutilainen. 'We want to keep the brand rare, and while we want to grow it, we can't grow too fast. We want to keep building the most sophisticated movements and create watches with a soul.'
