Latest news with #2025RichList
Scottish Sun
23-05-2025
- Business
- Scottish Sun
Who are Oliver & Alexander Kent-Brabham? Millionaire Marshmallow car insurance CEOs who began selling golf balls aged 12
BRIT twin entrepreneurs Oliver and Alexander Kent-Braham founded Marshmallow in their 20s and initially ran it using free wi-fi out of a Virgin Active gym. The pioneering fintech insurance company was valued at around £1.5 billion in 2025 — here's everything you need to know. 2 Oliver and Alexander Kent-Braham (right) and were featured in the 2025 Rich List Credit: Getty Who are the Kent-Braham twins? Oliver and Alexander Kent-Braham co-founded Marshmallow — a pioneering car insurance fintech company that has achieved unicorn status. Fintechs are companies that rely primarily on technology and cloud services to provide financial services, rather than physical locations. And in the context of venture capital and startups, "unicorn status" refers to a private company valued at over $1 billion. Oliver and Alexander were featured in the 2025 Rich List, ranking seventh on the 40 Under 40 list with an estimated wealth of £704 million. The brothers were the biggest insurance climbers on the list, highlighting their rapid rise among the UK's wealthiest youngsters. Selling golf balls at 12 Oliver and Alexander began their entrepreneurial journey early, selling golf balls they retrieved from a lake by the age of 12. Educated at Reed's School in Surrey, where they were talented tennis players — even representing Great Britain at under-16 level — the twins eventually shifted their focus from sports to technology and finance — particularly fintech. They identified a significant gap in the UK insurance market — the difficult "riskier" groups such as young drivers, or those with low credit scores, face when trying to get affordable car insurance. In 2017, Oliver and Alexander founded Marshmallow alongside chief technology officer (CTO) David Goaté and industry veteran Tim Holliday, who's now the CEO of the company, The company was initially run from the lobby of a Virgin Active gym, where their vision of using advanced data science and technology to offer fairer pricing and coverage came to life. In 2021, Oliver told the BBC: "We were all members of Virgin Active gym. It had wi-fi, coffee and a location on The Strand!" He added: "If we were going to start again we would look to raise capital sooner, because before you raise capital you don't have the confidence to take the next step. 2 Marshmallow car insurance billboard Credit: Marshmallow car insurance "It was literally Tim Holliday, David, Alexander and myself for nine months. Tim joined our company not taking a salary." Their next step was to raise capital to grow the business. Oliver said: "Venture capitalists hold the keys to starting new companies. "You have to have a mutual acquaintance to even speak to many funders and that needs to change," Marshmallow quickly grew, attracting over 100,000 users early on and expanding its team significantly. The company has gone on to raise substantial venture capital funding, including an $85 million (£63 million) Series B round in 2021, which valued it at $1.25 billion (930 million), before a $90 million (67 million) funding round in 2025 that nearly doubled its valuation to $2 billion (£1.5 billion). The Kent-Braham twins have become notable figures not only for their business success, but also for their role in promoting diversity and inclusion in the fintech and insurtech sectors, which have been often been viewed as traditionally conservative.
The Irish Sun
23-05-2025
- Business
- The Irish Sun
Who are Oliver & Alexander Kent-Brabham? Millionaire Marshmallow car insurance CEOs who began selling golf balls aged 12
BRIT twin entrepreneurs Oliver and Alexander Kent-Braham founded Marshmallow in their 20s and initially ran it using free wi-fi out of a Virgin Active gym. The pioneering fintech insurance company was valued at around £1.5 billion in 2025 — here's everything you need to know. Advertisement 2 Oliver and Alexander Kent-Braham (right) and were featured in the 2025 Rich List Credit: Getty Who are the Kent-Braham twins? Oliver and Alexander Kent-Braham co-founded Marshmallow — a pioneering car insurance fintech company that has achieved unicorn status. Fintechs are companies that rely primarily on technology and cloud services to provide financial services, rather than physical locations. And in the context of venture capital and startups, "unicorn status" refers to a private company valued at over $1 billion. Oliver and Alexander were featured in the 2025 Rich List, ranking seventh on the Advertisement read more UK news The brothers were the biggest insurance climbers on the list, highlighting their rapid rise among the Selling golf balls at 12 Oliver and Alexander began their entrepreneurial journey early, selling golf balls they retrieved from a lake by the age of 12. Educated at Reed's School in Surrey, where they were talented tennis players — even representing Great Britain at under-16 level — the twins eventually shifted their focus from sports to technology and finance — particularly fintech. They identified a significant gap in the UK insurance market — the difficult "riskier" groups such as young drivers, or those with low credit scores, face when trying to get affordable car insurance. Advertisement Most read in The Sun Exclusive In 2017, Oliver and Alexander founded Marshmallow alongside chief technology officer (CTO) David Goaté and industry veteran Tim Holliday, who's now the CEO of the company, The company was initially run from the lobby of a Virgin Active gym, where their vision of using advanced data science and technology to offer fairer pricing and coverage came to life. In 2021, Oliver told the BBC: "We were all members of Virgin Active gym. It had wi-fi, coffee and a location on The Strand!" He added: "If we were going to start again we would look to raise capital sooner, because before you raise capital you don't have the confidence to take the next step. Advertisement 2 Marshmallow car insurance billboard Credit: Marshmallow car insurance "It was literally Tim Holliday, David, Alexander and myself for nine months. Tim joined our company not taking a salary." Their next step was to raise capital to grow the business. Oliver said: "Venture capitalists hold the keys to starting new companies. Advertisement "You have to have a mutual acquaintance to even speak to many funders and that needs to change," Marshmallow quickly grew, attracting over 100,000 users early on and expanding its team significantly. The company has gone on to raise substantial venture capital funding, including an $85 million (£63 million) Series B round in 2021, which valued it at $1.25 billion (930 million), before a $90 million (67 million) funding round in 2025 that nearly doubled its valuation to $2 billion (£1.5 billion). The Kent-Braham twins have become notable figures not only for their business success, but also for their role in promoting diversity and inclusion in the fintech and insurtech sectors, which have been often been viewed as traditionally conservative. Advertisement
Time of India
16-05-2025
- Business
- Time of India
David Beckham's net worth will shock you; here's how wealthy he is and how he continues to earn so much money even after retiring from football
David Beckhams' Net Worth Hits £500 Million Amid Rich List Rise and Family Rift- The Beckhams' net worth has officially hit an eye-watering £500 million, according to the 2025 Sunday Times Rich List , placing the celebrity power couple among Britain's wealthiest names. Despite personal challenges—most notably their ongoing feud with eldest son Brooklyn Beckham and daughter-in-law Nicola Peltz—David and Victoria Beckham's finances are booming. Their wealth has jumped by £45 million since 2024, boosting their rank to 273rd out of 350, up 24 places from last year. The Sunday Times , which has tracked the richest people in Britain for nearly four decades, published its 2025 list in a special 76-page edition released Friday. How did David and Victoria Beckham build such massive wealth? David Beckham, 50, and Victoria, 51, have spent decades building their empire. David's earnings have gone far beyond football. Since retiring, he's stayed in the spotlight through brand endorsements, investments, and his co-ownership of Inter Miami CF. His deals with major global names—Adidas, Haig Club whisky, Armani, BOSS, and Maserati—have helped maintain his place as Britain's richest sports star. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Victoria Beckham has also carved out her own path with her high-end fashion label. Celebrities like Kim Kardashian, Gwyneth Paltrow, and Eva Longoria are often spotted wearing her designs, keeping her brand in demand. Despite past financial hurdles, her label has grown stronger and now plays a key role in the couple's earnings. What does the Beckham net worth reveal about celebrity wealth in 2025? According to the Sunday Times , the Beckhams are now just £140 million behind King Charles III, who sits at £640 million. Their £500 million fortune places them ahead of many long-standing British celebrities. Live Events However, the 2025 Rich List shows a wider trend: the number of billionaires in the UK has dropped. This year, there are only 156 billionaires, compared to 165 in 2024—the biggest drop in the list's 37-year history. 'Our billionaire count is down and the combined wealth of those who feature in our research is falling,' said Robert Watts, who compiles the Rich List. 'We are also finding fewer of the world's super rich are coming to live in the UK.' Are family tensions affecting the Beckham brand? While the Beckhams' financial success is unquestionable, their family tensions are gaining almost as much attention. David and Victoria were reportedly 'heartbroken' when Brooklyn and Nicola skipped David's recent 50th birthday bash at their Cotswolds estate. What's adding fuel to the fire is Brooklyn's growing bond with Prince Harry and Meghan Markle—former friends of the Beckhams with whom they reportedly fell out after a row over leaked stories. Sources told The Sun that the Beckhams felt 'blindsided' by Brooklyn and Nicola's newfound friendship with the Sussexes. According to insiders, Brooklyn and Nicola were recently invited to dinner at Harry and Meghan's Montecito mansion, where the women shared personal stories and bonded over public scrutiny and family challenges. How far back does the Beckham family feud go? David's fears reportedly go deeper than just missed parties. He's said to be 'desperate to make amends' with Brooklyn because he worries history is repeating itself—mirroring his own fallout with his father Ted Beckham back in 2005. While the details of the current rift remain mostly private, it's clear that tensions have been brewing for some time. The last public photo of Brooklyn and Nicola with the Beckham family is now months old. Since then, they've been notably absent from major family events. Who else made headlines on the 2025 Sunday Times Rich List? The Rich List isn't just about long-standing figures like the Beckhams. Rising stars also made their mark this year. Dua Lipa, 29, became the youngest person on the 40 Under 40 section with an estimated £115 million. Ed Sheeran, 34, leads the list of richest musicians under 40, boasting a fortune of £370 million—a £30 million jump from 2024. Another surprise entry: reality TV star Georgia Toffolo, 30, lands at No. 12 on the 40 Under 40 list thanks to a combined fortune of £425 million with husband and BrewDog co-founder James Watt. Can the Beckhams repair their family bond while growing their fortune? Despite skyrocketing wealth and public success, the Beckham family is clearly facing private struggles. Their climb on the Rich List stands in stark contrast to the silence from Brooklyn and Nicola—absences and strained ties that fans have noticed. Still, David and Victoria remain two of the UK's most influential figures, not just in wealth but in pop culture history. Whether their family can find peace remains to be seen—but financially, they're at their strongest point ever. FAQs: Q1: What is David and Victoria Beckham's net worth in 2025? They're now worth an estimated £500 million. Q2: Why are the Beckhams feuding with Brooklyn and Nicola? The family tension stems from missed events and new alliances.
Mint
16-05-2025
- Business
- Mint
King Charles' net worth: British monarch now as rich as Rishi Sunak and Akshata Murty; wealth rises by ₹341 crore
King Charles' personal wealth has risen by £30 million ( ₹ 341 crore) over the past year, reaching a net worth of £640 million ( ₹ 7,278 crore). This makes him as rich as former UK Prime Minister Rishi Sunak and his wife Akshata Murty, according to The Sunday Times Rich List. King Charles is now ranked joint 238th among the 350 richest people in the UK, climbing 20 places from last year. Most of his wealth comes from an investment portfolio inherited from his mother, Queen Elizabeth II. His private estates, Sandringham and Balmoral, are also part of this wealth. The British monarch used to receive £23 million ( ₹ 261 crore) yearly from the Duchy of Cornwall while he was the Prince of Wales. It helped fund his family and official duties. This estimate only includes his personal wealth. It excludes the Crown Estate, Duchy of Lancaster and Crown Jewels. The late Queen's wealth was £370 million ( ₹ 4,207 crore) in 2022, making Charles £270 million ( ₹ 3,070 crore) richer than her in 2025. Meanwhile, Sunak and Murty's wealth dropped by £11 million ( ₹ 125 crore). Murty still owns shares in Infosys. Rishi Sunak, meanwhile, has taken up a role at Stanford and joined a speaker's bureau. The 2025 Rich List shows the biggest drop in UK billionaires in the list's 37-year history. It includes people with wealth from land, properties, companies and art. Indian-origin people rule the list of the richest people in the UK. Billionaire Gopi Hinduja and family remain the richest in the UK in 2025 with a net worth of £35.304 billion ( ₹ 4 lakh crore). They remain on top even after a fall of £1.892 billion ( ₹ 21,500 crore) from last year. Their wealth comes mainly from the Hinduja Group. David and Simon Reuben, born in Bombay (now Mumbai), jumped to second place with £26.873 billion ( ₹ 3 lakh crore). They belong to a Baghdadi Jewish family and moved to London in the 1950s. Sir Leonard Blavatnik, known for his investments in music and media, slipped to third place with £25.725 billion ( ₹ 2.92 lakh crore). Lakshmi Mittal, the Indian-origin steel magnate, held eighth place with £15.444 billion ( ₹ 1.75 lakh crore).
Mint
16-05-2025
- Business
- Mint
King Charles' net worth: British monarch now as rich as Rishi Sunak and Akshata Murty; wealth rises by ₹341 crore
King Charles' personal wealth has risen by £30 million ( ₹ 341 crore) over the past year, reaching a net worth of £640 million ( ₹ 7,278 crore). This makes him as rich as former UK Prime Minister Rishi Sunak and his wife Akshata Murty, according to The Sunday Times Rich List. King Charles is now ranked joint 238th among the 350 richest people in the UK, climbing 20 places from last year. Most of his wealth comes from an investment portfolio inherited from his mother, Queen Elizabeth II. His private estates, Sandringham and Balmoral, are also part of this wealth. The British monarch used to receive £23 million ( ₹ 261 crore) yearly from the Duchy of Cornwall while he was the Prince of Wales. It helped fund his family and official duties. This estimate only includes his personal wealth. It excludes the Crown Estate, Duchy of Lancaster and Crown Jewels. The late Queen's wealth was £370 million ( ₹ 4,207 crore) in 2022, making Charles £270 million ( ₹ 3,070 crore) richer than her in 2025. Meanwhile, Sunak and Murty's wealth dropped by £11 million ( ₹ 125 crore). Murty still owns shares in Infosys. Rishi Sunak, meanwhile, has taken up a role at Stanford and joined a speaker's bureau. The 2025 Rich List shows the biggest drop in UK billionaires in the list's 37-year history. It includes people with wealth from land, properties, companies and art. Indian-origin people rule the list of the richest people in the UK. Billionaire Gopi Hinduja and family remain the richest in the UK in 2025 with a net worth of £35.304 billion ( ₹ 4 lakh crore). They remain on top even after a fall of £1.892 billion ( ₹ 21,500 crore) from last year. Their wealth comes mainly from the Hinduja Group. David and Simon Reuben, born in Bombay (now Mumbai), jumped to second place with £26.873 billion ( ₹ 3 lakh crore). They belong to a Baghdadi Jewish family and moved to London in the 1950s. Sir Leonard Blavatnik, known for his investments in music and media, slipped to third place with £25.725 billion ( ₹ 2.92 lakh crore). Lakshmi Mittal, the Indian-origin steel magnate, held eighth place with £15.444 billion ( ₹ 1.75 lakh crore). Vedanta founder Anil Agarwal, with a net worth of £7.5 billion ( ₹ 85,276 crore), is at number 25. Sri Prakash Lohia, the founder of Indorama Corporation, is at number 31 with a net worth of £6.028 billion ( ₹ 68,542 crore).
