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‘We will give £100m to the fight against type 1 diabetes'
‘We will give £100m to the fight against type 1 diabetes'

Times

time17-05-2025

  • Entertainment
  • Times

‘We will give £100m to the fight against type 1 diabetes'

Sitting at the kitchen table of their renovated London villa — at times giggling or interrupting each another — Igor and Anastasia Bukhman don't seem so different from any other couple raising a family. One of their four children arrives clutching a cartoon book she's keen to recommend. Somewhere a labrador barks. Things were very different a decade ago. He was building a successful mobile gaming business with his brother, Dmitry; she was looking after their first two toddlers — and in 2014 the family returned from a dream road trip to north Spain weighed down with worry. Perhaps it was the heat or the change of routine that had made their elder daughter, Sonya, so tired and thirsty. Nevertheless, Anastasia had decided that the

This Indian-origin family now rules the Times Rich List 2025
This Indian-origin family now rules the Times Rich List 2025

Economic Times

time16-05-2025

  • Business
  • Economic Times

This Indian-origin family now rules the Times Rich List 2025

In its 37th edition, the Sunday Times Rich List reflects broader shifts in the global economy, with the total wealth of the top 350 dropping by 3% to £772.8 billion. This marks the third consecutive year of decline and the steepest fall in the number of UK billionaires in the list's history, as per a report by The Hinduja and his family have retained the top spot for the fourth year in a row, with an estimated fortune of £35.3 billion. Despite a dip from £37.2 billion last year, the Hinduja Group remains one of the most diversified business empires, with interests across finance, automotive, energy, and real estate in 48 countries. Recent acquisitions, including Invesco India, Reliance Capital, and Indra Renewable Technologies in the UK, highlight their continued expansion into insurance and green the Hinduja family maintains its lead, the overall list paints a picture of a more cautious investment environment. Stock market volatility, rising interest rates, and changes in UK tax policy have impacted high-net-worth individuals. Several longstanding names saw their fortunes decrease, while others dropped off the list and innovation continued to produce new wealth. Dmitry Bukhman, the co-founder of gaming company Playrix, topped the under-40 category with a net worth of £12.54 billion. AI entrepreneurs such as Piotr Dabkowski and Mati Staniszewski of ElevenLabs, and Steffen Tjerrild and Victor Riparbelli of Synthesia, also made significant entries this year. (Join our ETNRI WhatsApp channel for all the latest updates) As per a report by The Times, in sport and entertainment, Gymshark founder Ben Francis reported £726 million, while footballer Harry Kane and singer Dua Lipa featured with £100 million and £115 million, respectively. The Duke of Westminster, Hugh Grosvenor, maintained a strong presence on the list with £9.88 billion, supported by extensive property holdings in central London and rural estates. Despite this year's downturn, certain investments showed resilience. Jim Ratcliffe's recent acquisition of a stake in Manchester United and the Weston family's Canadian retail holdings registered notable gains. However, growing concerns over tax and economic stability in the UK are prompting some of the wealthiest to explore relocation to countries such as the UAE and Rich List 2025 not only charts wealth but also highlights the industries and regions driving change. While traditional sectors have seen pressure, technology, renewable energy, and global diversification continue to shape the future of wealth in Britain.

This Indian-origin family now rules the Times Rich List 2025
This Indian-origin family now rules the Times Rich List 2025

Time of India

time16-05-2025

  • Business
  • Time of India

This Indian-origin family now rules the Times Rich List 2025

Live Events In its 37th edition, the Sunday Times Rich List reflects broader shifts in the global economy, with the total wealth of the top 350 dropping by 3% to £772.8 billion. This marks the third consecutive year of decline and the steepest fall in the number of UK billionaires in the list's history, as per a report by The Hinduja and his family have retained the top spot for the fourth year in a row, with an estimated fortune of £35.3 billion. Despite a dip from £37.2 billion last year, the Hinduja Group remains one of the most diversified business empires, with interests across finance, automotive, energy, and real estate in 48 countries. Recent acquisitions, including Invesco India, Reliance Capital, and Indra Renewable Technologies in the UK, highlight their continued expansion into insurance and green the Hinduja family maintains its lead, the overall list paints a picture of a more cautious investment environment. Stock market volatility, rising interest rates, and changes in UK tax policy have impacted high-net-worth individuals. Several longstanding names saw their fortunes decrease, while others dropped off the list and innovation continued to produce new wealth. Dmitry Bukhman, the co-founder of gaming company Playrix, topped the under-40 category with a net worth of £12.54 billion. AI entrepreneurs such as Piotr Dabkowski and Mati Staniszewski of ElevenLabs, and Steffen Tjerrild and Victor Riparbelli of Synthesia, also made significant entries this year.(Join our ETNRI WhatsApp channel for all the latest updates)As per a report by The Times, in sport and entertainment, Gymshark founder Ben Francis reported £726 million, while footballer Harry Kane and singer Dua Lipa featured with £100 million and £115 million, respectively. The Duke of Westminster, Hugh Grosvenor, maintained a strong presence on the list with £9.88 billion, supported by extensive property holdings in central London and rural this year's downturn, certain investments showed resilience. Jim Ratcliffe's recent acquisition of a stake in Manchester United and the Weston family's Canadian retail holdings registered notable gains. However, growing concerns over tax and economic stability in the UK are prompting some of the wealthiest to explore relocation to countries such as the UAE and Rich List 2025 not only charts wealth but also highlights the industries and regions driving change. While traditional sectors have seen pressure, technology, renewable energy, and global diversification continue to shape the future of wealth in Britain.

Made in Chelsea star, porn heiress & beauty tycoon raised on council estate…young millionaires on Sunday Times Rich List
Made in Chelsea star, porn heiress & beauty tycoon raised on council estate…young millionaires on Sunday Times Rich List

The Sun

time16-05-2025

  • Business
  • The Sun

Made in Chelsea star, porn heiress & beauty tycoon raised on council estate…young millionaires on Sunday Times Rich List

Loading the Elevenlabs Text to Speech AudioNative Player... WHILE Britain's richest are getting less wealthy, the under-40s are getting much richer. The annual Sunday Times Rich List is out this weekend, and to get on the list of the 40 richest people under 40, you now have to be worth a staggering £100million. 23 23 23 The minimum amount needed has almost doubled from £56million this time last year. And the billionaire Duke of Westminster is no longer the country's richest person under 40. The top spot has been taken by Russian-born Dmitry Bukhman, who made his £12.54BILLION fortune from video games. Many of the top 40 owe their mega wealth to technology, but there are still plenty of stars on the list, including Harry Styles, Rory McIlroy, Adele, Harry Kane and Anthony Joshua. At 29, Dua Lipa is the youngest with an estimated wealth of £115million and Ed Sheeran is the richest musician under 40 with a £370million fortune. It has been a good year for the Manchester brothers, George and Mike Heaton, founders of the streetwear label Represent, whose £180 hoodies and £110 T-shirts have been worn by Kim Kardashian, Justin Bieber and Dua Lipa. Ex- Made in Chelsea star Georgia Toffolo enters the list at £425million thanks to her marriage to BrewDog founder James Watt. Brewery boss James tells the Sunday Times: 'Georgia is the outcome of one of my worst-ever investments. I have a portfolio of about 20 small businesses. "One of them fell by the wayside but the founder of that business knew Georgia and set us up. So, I may have lost £150,000, but I gained a wife.' Here, we reveal the full list of the under 40s raking it in. 1. Dmitry Bukhman - £12.45billion Inside the Lavish Life of Billionaire Hugh Grosvenor 23 23 Russian-born Dmitry, 39, and brother Igor, 43, learnt to code on an old PC that belonged to their grandfather. At school, they developed a video game, making $60 in the first month. Dmitry says: 'There were people buying it from America. I could not believe it — I was 16.' The brothers now live in London, and their mobile gaming firm Playrix, whose hits include Fishdom and Township, employs more than 3,000. 2. Duke of Westminster - £9.884billion Newlywed Hugh Grosvenor, 34, inherited his title and a vast property empire aged 25. While the family still owns 300 acres of Mayfair and Belgravia, a slump in London property values has knocked £300 million off Grosvenor's wealth in the last year. 3. Lady Charlotte Wellesley - £2.661billion 23 Duke of Wellington's daughter Charlotte, 34, saw her fortune rise £400million since last year. She is married to American-Colombian banker and brewing heir Alejandro Santo Domingo, 48. 4. Herman Narula £780million Dubbed the 'toff of tech' Narula, 37, is a leading thinker on how technology and AI are changing our lives. He started his virtual worlds company, Improbable, as a student. His wealth is the same as year. 5. Ben Francis £726million 23 After taking sewing lessons from his mother, Ben Francis, 32, and his business partner, Lewis Morgan, turned sports kit retailer Gymshark into a £1 billion business. But profits have been hit lately, and his wealth is only £1million more than last year. 6. Fawn and India Rose James - £718million 23 Granddaughters of porn baron Paul Raymond, Fawn, 39, and India Rose, 33, inherited a property empire including 60 acres of Soho. Prices in the London neighbourhood have slumped, cutting their fortune from £750million last year. 7. Oliver and Alexander Kent-Brabham -£704million At age 12, the twins, now 33, began selling golf balls they fished out of a lake. Now they own car insurer Marshmallow. Revenues have jumped by almost 75 per cent, sending their wealth up £250million in a year. 8. Thomas Hartland-Mackie - £687million Swiss-born Hartland-Mackie, 36, runs his family's electrical products business, City Electric Supply, which was founded in a stable in Coventry. 9. Mati Staniszewski - £665million Watching badly dubbed US films in their native Poland inspired Staniszewski, 30, and Piotr Dabkowski to set up ElevenLabs. The firm turns text into human-like speech in 32 languages. 9= Piotr Dabkowski - £665million Dabkowski, 30, and business partner Staniszewski have banned users of their £2.7 billion audio platform ElevenLabs, from using the software to 'impersonate or harm others'. 11. Alex Kendall £439million Kendall, 32, who is new to the list, founded tech firm Wayve, which develops AI software for driverless cars. In the last year, he raised $1billion in investment for the firm. 12. Georgia Toffolo - £425million 23 Made in Chelsea star Georgia, 30, married brewing baron James Watt, 43, in March. Former winner of I'm a Celebrity, Toffolo, set up her talent agency in 2019. Most of the couple's wealth stems from Watt's 21.7 per cent stake in beer group Brewdog. 13. Ed Sheeran - £370million 23 Despite a quiet year, Sheeran, 34, saw his fortune rise £30million. His single Azizam, from his eighth studio album, Play, was released last month and went to No. 3 in the UK. 14. Tom and Phil Beahon - £350million Brothers Tom, 35, and Phil, 32, founded sports clothing firm Castore after quitting careers in football and cricket. England's rugby team are the latest team to wear their kit. Their wealth rose by £16million last year. 15. Timothy Goodwin and family - 308million Timothy Goodwin, 34, chairs the family engineering business in Stoke on Trent that makes parts for the defence and mining industries. Their wealth has risen £63million. 16. Ayman Rahman and Fateha Begum - £307million Profits are down more than 30 per cent at Dare, the energy trading operation Rahman, 34, runs with his wife, Begum, 37. The couple, originally from Devon, have seen their wealth fall by almost £100million. 17. Amar Shah £264million New to the list, Shah, 37, set up the driverless car venture Wayve with Alex Kendall - ranked 11th - in 2017. The former banker is now with Charm Therapeutics, a pharmaceutical firm. 18. Alex Loven - £262million Lovén, 36, saved up £13,000 from shifts at a builder's merchants during his teens to buy a shipment of goal nets. His 'woke-free firm' Net World Sports, based in Wrexham, sells football goals, and Loven's wealth is up £62million this year. 19. Rory McIlroy - £260million 23 Last year McIlroy, 36, was 13th on the list with a £225million fortune. Now he is now worth £35million more. The bulk of Masters-winner McIlroy's fortune is from sponsorship deals, including Nike and Omega. He also has property in Dubai, New York and Florida. 20. Dan and Melanie Marsden - £253million 23 Their fortune is up by more than £100million, despite a drop in sales at their Solihull lingerie firm, Lounge Underwear. Married couple Dan, 33, and Melanie, 32, took a £10.2million dividend last year. 21. Chris Phillips - £250million Chris, 39, who left school without a GCSE, built a website design business. He launched Just Develop It, an investment company that has funded at least 100 start-ups. 22. Harry Styles - £225million 23 Singer and actor Harry, 31, whose wealth has grown £50million since last year's Rich List, is working on a fourth studio album. The Redditch-born star said he was 'truly devastated' by the death of his former One Direction bandmate Liam Payne last October. 23. Martin Kissinger - £200million German-born Kissinger, 35, moved to London in his teens. In 2014, he set up Lendable, a provider of loans that uses AI to identify low-risk clients who can be charged less interest. His wealth has stayed the same, and he has dropped nine places in the list. 24. Anthony Joshua - £195million 23 Former world heavyweight champion AJ, 35, is reported to have bagged £25 million from his defeat by Daniel Dubois. Joshua, from Watford, has a £100 million property portfolio, and his wealth has risen £20million since last year when he was ranked 17th. 25. James Asquith - £183million Asquith once held the Guinness World Record for the youngest male to visit all 196 sovereign countries on the planet. James, 35, runs Holiday Swap, an Airbnb rival that was valued at £300 million in 2022. 26. Adele - £170million 23 Adele – number 19 on last year's Rich List - has dropped seven places as her wealth is unchanged from last year. She is now based in Beverly Hills with sports agent fiancé, Rich Paul. Adele, 37, made a surprise return to the UK music scene earlier this year when her debut single Hometown Glory re-entered the charts almost 18 years on from its first release. 27. Tom Blomfield - £166million 23 Blomfield, 39, co-founded two giant tech firms within five years — GoCardless, which helps businesses to automate payments and digital bank Monzo. He lives in San Francisco. 28. Barney Hussey-Yeo - £161million Hussey-Yeo, 35, set up Cleo, which keeps tabs on users' spending and saving habits. The tech investor, whose wealth rose £33million in a year, is on a watch list of wealthy Brits poised to quit the country over Labour's tax rises. 29. Peter Lipka - £128million Self-confessed 'nerd' Lipka, 36, is the chief operating officer of Improbable, the virtual worlds developer, he co-founded in 2012 with Herman Narula (ranked no 4). 30. Ben Maruthappu - £123million After struggling for weeks to find suitable home care for his injured mother, Leena, former doctor Maruthappu set up the care firm Cera. It enables the NHS to significantly cut costs. 31. George and Mike Heaton - £122million 23 Their streetwear label, Represent's £180 hoodies and £110 T-shirts have been worn by Kim Kardashian, Justin Bieber and Dua Lipa. Mike, 34, and George, 32, claim to be 'two brothers from Manchester, who don't really belong in fashion'. Sales jumped more than 65 per cent over the past year, sending their wealth up £41million. The pair took a total of £3 million in dividends. 'Country's brightest stars' Robert Watts, compiler of The Sunday Times Rich List, says: "Our 40 under 40 list showcases many of the country's brightest stars from the worlds of tech, fashion, music and sport. 'Almost all of these people built their fortunes themselves and their number includes some who left school with few, if any, qualifications. 'A third of our list didn't attend university. At least 11 of our entries were born overseas, underlining the draw our country continues to hold for ambitious, talented young stars to build their reputations and businesses. 'It will be fascinating to watch which of this year's line-up will prosper in the years ahead." 32. Vishal Karia - £119million Expelled from school and later diagnosed with ADHD, Karia, 35, founded Affinity Fragrance in 2016. The Buckinghamshire scent wholesaler turns over more than £120 million. His wealth rose £3million since last year. 33 - Romina Savova £117million Born in Soviet-controlled Bulgaria, Savova, 39, founded PensionBee, which gathers savings schemes into one place. Shares are up nearly 50 per cent over the past year, catapulting her into the Rich List. 34. Dua Lipa - £115million 23 Radical Optimism became the Anglo-Albanian star's first record to debut at No. 1 in the UK album charts and gained four Brit Awards nominations. Lipa, 29, who saw her wealth rise by £25million, wrote Dance the Night for last year's Barbie movie, and also appeared in Matthew Vaughn's spy caper Argylle. 35 = Sir Andy Murray - £110million 23 Over a 21-year career, Andy Murray, 37, won three grand slams, two Olympic golds and a Davis Cup title, earning £50 million in prize money. While his social media profile now reads: 'I played tennis. I now play golf,' his wealth increased by £10million. He also owns the posh Cromlix Hotel in Stirlingshire, where a turret suite costs £750. 35= Victor Riparbelli - £110million Riparbelli, 33, co-founded Synthesia, a video creator regarded as one of the hottest properties in AI. The Shoreditch tech firm, launched with partners including Steffen Tjerril was valued at $2.1 billion this year. Synthesia allows users to turn text into audio spoken in more than 140 languages with the help of 230 avatars. His wealth rose £25million from last year. 35= Steffen Tjerrild - £110million Tjerrild, 34, set up the AI video creator Synthesia with fellow Dane Victor Riparbelli. They are giving shares to actors who create their most popular avatars. 38= Harry Kane - £100million 23 England captain Harry now earns £400,000 a week at German club Bayern Munich, where he has just won his first-ever trophy. His increase in wealth of £75million means he can afford a £30million mansion in the Beverly Hills of Bavaria. 38= Daniel Radcliffe - £100million 23 Daniel Radcliffe, 35, who played boy wizard Harry Potter in eight Hogwarts films has seen his fortune increase by £10million in a year. He recently won a Tony Award for his role in the musical Merrily We Roll Along. 38= Paige Williams - £100million 23 Paige, 32, grew up on a Manchester council estate and spent much of her childhood caring for her five brothers. Her first business was an academy teaching the make-up skills she learnt working at a branch of Selfridges. That evolved into P Louise, a brand selling teen-friendly products such as Bad B*tch Energy. Revenues for P Louise are expected to top £100 million this year. The Sunday Times Rich List is at 23

40 richest people under 40 in the UK
40 richest people under 40 in the UK

Times

time16-05-2025

  • Entertainment
  • Times

40 richest people under 40 in the UK

Megastars are beaten by the new titans of tech in this year's 40 under 40 list, which includes British talent from entertainment, sport and business — both inherited and self-made start-ups. Leading the pack is Dmitry Bukhman, 39, who along with his older brother, Igor, 43, taught himself to code as a child in Russia. The brothers, who took British citizenship this year, went on to create the mobile gaming giant Playrix. But Bukhman, a father of four, still urges parents to impose rules on screen time for children. 'Games should be in moderation,' he says. 'Especially for kids.' AI developers, coders and data firms now make up almost half the list. Turning text into audio spoken in more than 140 languages has boosted the

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