How the Rich List 2025 was compiled
The Rich List, The Sunday Times's annual examination of the finances of Britain's most affluent individuals and families, is an essential read.
This year — the 37th edition — has been one of the toughest to compile due to Donald Trump's tariffs and the ensuing stock market turbulence. It shows the third year in a row that collective wealth has fallen and the biggest drop in the number of UK billionaires in the Rich List history. It is a stark reflection of the state of UK wealth.
The Sunday Times Rich List 2025 is based on our estimates of the minimum wealth of Britain's 350 richest people or families. The valuations were carried out between November 2024 and April 28, 2025.
The compilers of the
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Personal authenticity surely can't be a matter of imitation – and yet, for good or ill, we do it all the time. As children, we play at being superheroes, monsters, parents, criminals, police: we try to find out who we are by playing at being what we are not. As adults, Alexander suggests, we continue this role-play, but with a twist: we're motivated by fear to hunker down in silos of identity definition. Hence, perhaps, the rise of identity politics, as manifested on all sides: Black Lives Matter, the English Defence League, #MeToo, Proud Boys, self-regarding wellness crypto-fascists, the LGBTQ+ community. It seems unlikely that Nicola Sturgeon, Nigel Farage or Donald Trump would have been elected were it not for the respectively Scottish, English and American national identities to which their supporters cleave. Identity politics has for some time been excoriated by conservatives, but increasingly it is attacked by the Left too. 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We're encouraged to present our 'authentic selves' online, the better for Meta and other firms to exploit our private data for profit – though the more heavily redacted, cunningly filtered and therefore inauthentic, the more engagement-worthy those selves will be. The central point of Against Identity is that these identities are not just generated by fear and algorithms but are fundamentally mendacious. As the late Christian philosopher René Girard put it: 'Individualism is a formidable lie.' That's a discombobulating axiom for the 21st century, in which individualism has become a religion for a society that's lost faith in God. Girard grew up in post-war France, when existentialism was becoming an exportable commodity, like fine wines or Brigitte Bardot, spreading its influence from Saint-Germain-des-Prés cafés to the world. 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'People fear breaking the social contract,' Douglas writes, 'for the same reason they fear turning up to a gala event in unfashionable shoes finding themselves in a conversation where everybody but them seems to have mastered the appropriate slang or academic jargon.' (He is a lecturer in philosophy at the University of St Andrews: one wonders if he's speaking from experience.) One's identity, that is to say, is constrained and defined by the norms of our society. We are not meaningfully free to choose who we are. Douglas goes on: 'Many of our communities, whatever the stated purpose might be, are really identity regimes driven by egotism – patrolled and sustained by individuals determined to preserve a certain idea of themselves: a fragile idea that cannot bear much novelty.' This rings true to me. But the alternative Douglas proposes is, to put it mildly, bracing. 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Nor, closing Against Identity, was I convinced that we could really live identityless in a mystical communion with the rest of the universe. But the challenge he makes along the way to what many of us have become – narcissists onanistically buffing our fatuous identities, both online and in real life – seems to me more valuable and important than most contemporary philosophy.
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