
Dua Lipa is the youngest person on UK's under-40 rich list
Pop star Dua Lipa, at 29 years old, is the youngest person featured on The Sunday Times' annual list of Britain's wealthiest people under 40, the publication announced Friday.
With an estimated fortune of £115 million ($153 million), the Anglo-Albanian singer, whose album "Radical Optimism" topped the British charts, ranks 34th in the 40 Under 40 category.
The Sunday Times Rich List, in its 37th year, includes also people who are not British citizens but who live and work in the UK.
Others to feature in the 40 Under 40 list are "Harry Potter" actor Daniel Radcliffe and England footballer Harry Kane on £100 million each, just behind retired tennis player Andy Murray.
Singer Adele's fortune is estimated to be worth £170 million, while peers Harry Styles has £225 million and Ed Sheeran £370 million.
The overall Rich List is dominated by entrepreneurs, financiers, and property owners.
Gopi Hinduja and his family, who are behind the Indian conglomerate Hinduja Group, retained the title of Britain's richest, despite their wealth dropping to £35.3 billion from £37.2 billion.
The Sunday Times noted that the number of billionaires in the UK has fallen to 156 from 165, the biggest drop in the list's history.
The Labour government is tightening a loophole that allows people with "non-dom" status, those who live in Britain but whose permanent domicile is abroad, to avoid UK tax on income earned outside the country.
"Our billionaire count is down and the combined wealth of those who feature in our research is falling," said Robert Watts, compiler of the Rich List.
"We are also finding fewer of the world's super rich are coming to live in the UK."
Also to feature on this year's list is Jim Ratcliffe, founder of petrochemicals group Ineos and minority owner of Manchester United football club.
He remains in the top ten with £17 billion, though his fortune has slumped around £6 billion in the past year owing to struggles at his company.
Paul McCartney is the sole billionaire musician in 151st place.
Elton John is worth £475 million, about 35 million more than Mick Jagger and Keith Richards of The Rolling Stones.
King Charles III's fortune reached £640 million, placing him in 238th place, tied with Britain's former Prime Minister Rishi Sunak and his wife Akshata Murty, who has benefited from Infosys, the tech giant founded by her father.
The combined wealth of the 350 entries stands at £772.8 billion -- down three percent on 2024.
The list takes into account "identifiable wealth -- such as land, property, racehorses, art or significant shares in publicly quoted companies", the paper noted.
It excludes private bank accounts, which means an individual's wealth "may be much larger" than stated, it added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

IOL News
12 hours ago
- IOL News
Sleeping with the enemy; 40 years in jail for mother who killed her kids; Elvis and Hound Dog scandalise public
On This Day In History 1873 The name of the diamond diggings, De Beer's New Rush is changed to Kimberley. 1873 Sultan Barghash bin Said of Zanzibar closes the island's great slave market. 1883 The first regularly scheduled run of the fabled Orient Express train leaves Paris. 1916 Britain's Anglo-Boer War hero, Lord Kitchener drowns when the SS Hampshire sinks after hitting a German mine near the Orkney Islands. 1918 The Broederbond is founded in Jozi to advance the cultural traditions of Afrikaans. 1937 Henry Ford orders a 32-hour work week. 1941 World War II: At least 4 000 people who are hiding in a tunnel die after a Japanese air attack on the Chinese city of Chongqing. 1947 US Secretary of State George Marshall calls for economic aid to war-torn Europe. It becomes known as the Marshall Plan. 1956 Elvis Presley introduces his new single, Hound Dog, on TV, scandalising the audience with his suggestive hip movements. 1963 British Secretary of State for War, John Profumo resigns amid a scandal because of his relationship with a prostitute, who is also sleeping with a member of the Russian embassy.1967 Israel launches the Six-Day War. 1975 The Suez Canal opens for the first time since the Six-Day War, 8 years before. 1981 The Centers for Disease Control and Prevention reports the first cases of Aids. 1998 Thulane 'Sugarboy' Malinga wins the WBF super-middleweight boxing title for SA. 2006 Islamic militants seize Somalia's capital, unifying the city for the first time in 16 years. 2019 The average person ingests 50 000 pieces of microplastic a year and inhales a similar amount, according to a study – the first of its kind – published in the journal, Environmental Science and Technology. 2023 Australian Kathleen Folbigg is pardoned after 20 years in prison for the murder of her four children, after new genetic research found evidence of gene disorders in the children. 2024 The world's only surviving wild horse, the Przewalski's Horse, is returned to the Golden Steppe of Kazakhstan for the first time in over 200 years. DAILY NEWS


Eyewitness News
15 hours ago
- Eyewitness News
World Bank lifts lending freeze over Uganda anti-LGBTQ law
NAIROBI - The World Bank is lifting a freeze on lending to Uganda it put in place in response to a 2023 law criminalising homosexuality, after taking steps to counter discrimination, it said Wednesday. Uganda's anti-LGBTQ law, one of the most severe in the world, provides for harsh sentences for same-sex relations or "promoting" homosexuality, including the death penalty in some cases. After longtime President Yoweri Museveni signed it into law in May 2023, the World Bank halted all new loans to Uganda, saying projects it financed had to adhere to its non-discriminatory policies. Since then, "the World Bank worked with the government and other stakeholders in the country to introduce, implement and test measures that prevent discrimination in World Bank-funded projects," a spokesman told AFP. "We have now determined the mitigation measures rolled out over the last several months in all ongoing projects in Uganda to be satisfactory," he added. "Consequently, the Bank has prepared new projects in sectors with significant development needs," which will be presented to the World Bank's board, he said. "All new projects have the mitigations measures embedded in them," he added. "The World Bank cannot deliver on its mission to end poverty and boost shared prosperity on a liveable planet unless all people can participate in, and benefit from, the projects we finance." Uganda has lost between $586 million and $2.4 billion a year because of the anti-LGBTQ law, notably because of frozen financing, British charity Open for Business estimated last year.

IOL News
21 hours ago
- IOL News
Tweed's youthful makeover resurrects symbol of Scottish heritage
Harris Tweed weaver Alexander MacLeod works behind his weaving loom in his atelier at his home, on the Isle of Scalpay, in the Outer Hebrides, northern Scotland, on April 28, 2025. 'When you see tweed on the catwalks, you'd never think it came from here,' laughs Alexander MacLeod, a 38-year-old former banker, as he sits behind his loom in an old barn on the banks of a loch in Scotland. "When you see tweed on the runway, you don't expect it to come from here," joked 38-year-old former banker Alexander MacLeod as he set up his loom in a converted barn on the shores of a Scottish loch. MacLeod became a weaver two years ago, joining residents on the islands of Lewis and Harris, off Scotland's northwest coast, in helping to rejuvenate the tweed industry after a significant period of decline. "It's a good thing to keep the tradition going," he said. Tweed is a symbol of Scottish heritage and has "always been part of the culture" on the Outer Hebrides, added MacLeod, who hails from the island of Scalpay, which is connected to Harris by a bridge. It's now "an attractive sector to be in", he said. He left the Hebrides for seven years to work in banking but the pull of his roots proved too strong. During the day, McLeod now works for a small local cosmetics company. In the evenings, he puts on a podcast, usually about espionage, and patiently begins to weave. Only the steady hum of his machine disturbs the calm of the old stone barn. Harris tweed, traditionally made from 100 percent wool, is the only fabric protected by a 1993 Act of Parliament. It must be "handwoven by the islanders at their homes in the Outer Hebrides, finished in the Outer Hebrides, and made from pure virgin wool dyed and spun in the Outer Hebrides". The weaver spoke of his "satisfaction" once the tweed is finished. The fabric, once associated with the British aristocracy, then goes to the spinning mill for a quality control check, where the slightest flaw is flagged up. Finally, it receives the precious "Harris Tweed" stamp - a globe topped with a cross - certifying the fabric's provenance and authenticity, issued by the Harris Tweed Authority (HTA). The tweed then leaves the island to be purchased by discerning companies abroad, including luxury brands such as Christian Dior, Chanel, and Gucci. Several sneaker brands such as Nike, New Balance, and Converse have also used it for limited edition products. The traditional staples are jackets, caps, and bags, but the fabric can also be used for furniture. There are 140 weavers, according to the HTA, which launched a recruitment campaign in 2023 and offered workshops to learn the trade following a wave of retirements. This know-how, often passed down from generation to generation, is now being nurtured by a different profile of weaver. "It's nice to see younger people coming in," said Kelly MacDonald, director of operations at the HTA. "When I joined the industry 22 years ago, there was a severe period of decline. I was wondering: 'Is there going to be an industry anymore?'" But the industry is now enjoying a "resurgence" and "significant growth", with more than 580 000 metres of tweed produced in 2024. "We are always looking at new markets," she said, and tweed is now exported to Korea, Japan, Germany, France and other countries. It is no longer dependent on the US market, as it once was, and should be largely shielded from the tariffs imposed by President Donald Trump. Tweed has "modernised", said Cameron MacArthur, who works at Carloway Mill, one of the three spinning mills in the west of the Isle of Lewis. He is only 29, but has already worked there for 12 years. The mill, with its large machines, looks as if it hasn't changed for decades. But MacArthur has seen it evolve to embrace a younger workforce and newer fabrics, meaning it is no longer just the ultra-classic Prince of Wales check or dark colours that are on offer. "Nowadays, we're allowed to make up our own colours... and we're just doing different things with it, modernising it, making it brighter," he said, showing off rolls of turquoise blue and fuchsia pink. "We're so busy... it never used to be like that," he said, adding that he was "proud" to be working with the local product. MacDonald said tweed was an antidote to environmentally unfriendly "fast fashion". "How nice to own a product where you can actually look on a map to a tiny island and say, 'That's where my jacket was made.' That's so rare now, and I think people really engaged with that," he said. "Every stage of the production has to happen here, but from start to finish, it is a really long process. We are the epitome of slow fashion." | AFP