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Time of India
20-05-2025
- Business
- Time of India
Hinduja family tops UK's Sunday Times Rich List for fourth year; check out the full list of billionaires
The richest people and families in the UK for 2025 have been revealed, and several of the nation's highest-ranked billionaires have held their positions even as the economic climate has changed. The Hinduja family have topped the Sunday Times Rich List for the fourth year in a row, though their wealth has fallen. The family of Gopi Hinduja and who head Indian conglomerate Hinduja Group are worth £35.3 billion. This year's list also demonstrates a further decrease in the number of billionaires in the UK, falling from 165 to 156, a third successive year of decline. This has been associated with the condemnation of the new Labour government's policies. Some of the richest are household names, including inventor Sir James Dyson and Manchester United part-owner Sir Jim Ratcliffe. Below are the 20 wealthiest people and families in the UK. List of wealthiest billionaires in UK 2025 Rank Name Wealth (£ Billion) Source of Wealth 1 Gopi Hinduja and Family £35.3 Hinduja Group (banking, media, energy) 2 David and Simon Reuben and Family £26.87 Property, technology (Reuben Brothers private equity firm) 3 Sir Leonard Blavatnik £25.73 Investments in Russia (Warner Music, various other sectors) 4 Sir James Dyson and Family £20.8 Dyson (vacuum cleaners, beauty products, technology) 5 Idan Ofer £20.12 Shipping, energy, stake in Atletico Madrid 6 Guy, George, Alannah and Galen Weston and Family £17.75 Retail (Associated British Foods, Primark) 7 Sir Jim Ratcliffe £17.05 Ineos (chemicals, part-owner of Manchester United) 8 Lakshmi Mittal and Family £15.44 ArcelorMittal (steel manufacturing), property, sports (Queen's Park Rangers) 9 John Fredriksen and Family £13.68 Shipping, oil tankers, investments in fish farming and drilling rigs 10 Igor and Dmitry Bukhman £12.54 Mobile games (Gardenscapes, Fishdom) 11 Kirsten and Jorn Rausing £12.51 Tetra Laval (packaging), horse racing 12 Michael Platt £12.5 Hedge funds (BlueCrest Capital Management) 13 Charlene de Carvalho-Heineken and Michel de Carvalho £10.09 Heineken (beer industry) 14 Duke of Westminster and the Grosvenor Family £9.88 Grosvenor Estate (property development, inheritance) 15 Lord Bamford and Family £9.45 JCB (construction equipment), political donations 16 Denise, John, and Peter Coates £9.44 Bet365 (online gambling) 17 Carrie and Francois Perrodo and Family £9.3 Perenco (oil industry, family-owned company) 18 Barnaby and Merlin Swire and Family £9.25 Swire Group (property, transport, industrials) 19 Marit, Lisbet, Sigrid, and Hans Rausing £9.09 Tetra Pak (packaging, food storage) 20 Alex Gerko £8.75 XTX Markets (algorithmic trading) Source: Sunday Times Rich List Top 20 richest people and families in UK Gopi Hinduja and Family – £35.3 Billion The Hinduja family, whose fortune is rooted in their Mumbai-headquartered Hinduja Group, which deals in businesses ranging from banking to media and energy, lost their wealth from £37.2 billion. The family employs approximately 200,000 people around the world. David and Simon Reuben and Family – £26.87 Billion The Reuben brothers, who were born in Mumbai and grew up in the UK, made their fortunes through property and technology investments through their private equity company, Reuben Brothers. Sir Leonard Blavatnik – £25.73 Billion Sir Leonard Blavatnik, who hails from Ukraine, made his fortune in Russia and diversified abroad. He made a big splash in 2020 when he took Warner Music public after buying it in 2011. Sir James Dyson and Family – £20.8 Billion Sir James Dyson, Dyson's founder, is best known for having invented the bagless vacuum. He has also ventured into the beauty business, building popular hair grooming devices. Sir James has denounced UK tax policies over the recent past and has vast tracts of farmland. Idan Ofer – £20.12 Billion Israeli tycoon Idan Ofer, the son of shipping tycoon Sammy Ofer, has made his money through investments in shipping, oil, and a major holding in Atletico Madrid. Guy, George, Alannah, and Galen Weston and Family – £17.75 Billion The Weston family made their fortune from retail investments, such as a significant holding in Associated British Foods, which owns Primark. Their wealth increased by more than £3 billion in the last year. Sir Jim Ratcliffe – £17.05 Billion Manchester United co-owner Sir Jim Ratcliffe, who is the owner of Ineos, an international chemicals firm, has lost £6.47 billion in wealth. He also has control of football operations at the club and has been criticized for his spending choices. Lakshmi Mittal and Family – £15.44 Billion Indian-born Lakshmi Mittal is the chairman of ArcelorMittal, the global leader in steel production. He has several luxurious residences, among them in Kensington Palace Gardens, and part-owns Queen's Park Rangers football club. John Fredriksen and Family – £13.68 Billion Norwegian shipping tycoon John Fredriksen owns oil tankers and has stakes in fish farming, drilling rigs, and dry bulk shipping. Igor and Dmitry Bukhman – £12.54 Billion The Bukhman brothers, whose riches this year almost doubled, made their millions from mobile games such as Gardenscapes and Fishdom. Kirsten and Jorn Rausing – £12.51 Billion Kirsten Rausing's fortune originates from Tetra Laval, a packaging firm that transformed the drinks sector. She is also a horse racing enthusiast, while her husband, Jorn, co-owns Tetra Laval. Michael Platt – £12.5 Billion BlueCrest Capital Management, a hedge fund firm founded by hedge fund manager Michael Platt, is among the largest and most successful hedge funds in the world. His company made substantial gains from investments in currency and bond markets following the election of Donald Trump. Charlene de Carvalho-Heineken and Michel de Carvalho – £10.09 Billion Charlene inherited a shareholding in Heineken from her father, the late Freddy Heineken. Her husband Michel, a former Olympic skier, sits on the board of the company. Duke of Westminster and Grosvenor Family – £9.88 Billion Youngest Duke of Westminster Hugh Grosvenor, 34, took over the prominent Grosvenor Estate in 2016. He is the wealthiest person under 40 in the UK. Lord Bamford and Family – £9.45 Billion Lord Bamford owns JCB, a large manufacturer of construction equipment. His fortune and clout are also backed by his political contributions and his role as chairman of the Centre for Policy Studies. Denise, John, and Peter Coates – £9.44 Billion The Coates have built Bet365, one of the largest online gambling firms in the world, up from Peter Coates' initial chain of bookmaker's shops. Carrie and Francois Perrodo and Family – £9.3 Billion Following the death of her husband Hubert, Carrie Perrodo took over Perenco, which is among the world's biggest family-owned oil firms. Her son, Francois, now leads the firm. Barnaby and Merlin Swire and Family – £9.25 Billion The Swire family fortune stems from their business empire, Swire Group, which crosses industries such as property, transport, and industrials. Barnaby and Merlin Swire are sixth-generation heirs of the firm's founder. Marit, Lisbet, Sigrid, and Hans Rausing – £9.09 Billion The fortune of the Rausing family comes from Tetra Pak, a packing firm. Marit, the wife of Hans Rausing, and daughters Lisbet and Sigrid possess a vast fortune. Alex Gerko – £8.75 Billion Russian-born XTX Markets founder Alex Gerko saw his wealth decline by more than £3 billion because of market fluctuations. He has offices all over the world, including New York and Paris.
Leader Live
16-05-2025
- Business
- Leader Live
UK sees big fall in billionaires after non-dom tax crackdown, Rich List shows
The annual list of Britain's wealthiest people was once again topped by the Hinduja family, who are worth more than £35 billion. Famous figures including Sir Elton John, Andrew Lloyd-Webber, Sir Lewis Hamilton, David and Victoria Beckham, and the King all appear in the list of the UK's 350 richest individuals and families. The latest publication however reveals a third consecutive slump in the number of billionaires residing in the UK. The number of billionaires slid to 156 this year from 165 in 2024, representing the sharpest decline in the Sunday Times Rich 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, compiler of the Rich List. 'We are also finding fewer of the world's super rich are coming to live in the UK.' He said he was also 'struck by the strength of criticism for Rachel Reeves's Treasury' when speaking to wealthy individuals for the publication. Mr Watts said: 'We expected the abolition of non-dom status would anger affluent people from overseas. 'But homegrown young tech entrepreneurs and those running centuries-old family firms are also warning of serious consequences to a range of tax changes unveiled in last October's budget.' The Labour Government abolished the non-dom tax status in April, which is where UK residents whose permanent home or domicile for tax purposes is outside the UK. Last year, former Conservative chancellor Jeremy Hunt revealed plans to scrap the tax status before successor Rachel Reeves sped up the process. Akshata Murty, the wife of former prime minister Rishi Sunak, is among those who were well-known non-doms. The couple once again appear in the Rich List, although their wealth slipped to £640 million from £651 million a year earlier, after her shares in Infosys – the tech company founded by her father – fell over tariff concerns. Other notable figures on the list included the King, whose wealth matched that of Mr Sunak and Ms Murty at £640 million. Gopi Hinduja and his family, who are behind the Indian conglomerate Hinduja Group, were named Britain's richest again in 2025, despite their wealth dipping to £35.3 billion from £37.2 billion. The Hindujas were followed in the list by real estate moguls David and Simon Reuben, who moved up to second after increasing their wealth to £26.9 billion. They were followed by investor Sir Leonard Blavatnik, entrepreneur Sir James Dyson and shipping tycoon Idan Ofer. The biggest faller in 2025 was Ineos founder and Manchester United part-owner Sir Jim Ratcliffe who saw his wealth decline by around £6 billion for the second consecutive year. He is seventh on the list with a wealth of around £17 billion. Meanwhile, the biggest risers were the Russian-born brothers Igor and Dmitry Bukhman who built a fortune on mobile games such as Gardenscapes and Fishdom, who saw their wealth almost double to £12.5 billion.
North Wales Chronicle
16-05-2025
- Business
- North Wales Chronicle
UK sees big fall in billionaires after non-dom tax crackdown, Rich List shows
The annual list of Britain's wealthiest people was once again topped by the Hinduja family, who are worth more than £35 billion. Famous figures including Sir Elton John, Andrew Lloyd-Webber, Sir Lewis Hamilton, David and Victoria Beckham, and the King all appear in the list of the UK's 350 richest individuals and families. The latest publication however reveals a third consecutive slump in the number of billionaires residing in the UK. The number of billionaires slid to 156 this year from 165 in 2024, representing the sharpest decline in the Sunday Times Rich 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, compiler of the Rich List. 'We are also finding fewer of the world's super rich are coming to live in the UK.' He said he was also 'struck by the strength of criticism for Rachel Reeves's Treasury' when speaking to wealthy individuals for the publication. Mr Watts said: 'We expected the abolition of non-dom status would anger affluent people from overseas. 'But homegrown young tech entrepreneurs and those running centuries-old family firms are also warning of serious consequences to a range of tax changes unveiled in last October's budget.' The Labour Government abolished the non-dom tax status in April, which is where UK residents whose permanent home or domicile for tax purposes is outside the UK. Last year, former Conservative chancellor Jeremy Hunt revealed plans to scrap the tax status before successor Rachel Reeves sped up the process. Akshata Murty, the wife of former prime minister Rishi Sunak, is among those who were well-known non-doms. The couple once again appear in the Rich List, although their wealth slipped to £640 million from £651 million a year earlier, after her shares in Infosys – the tech company founded by her father – fell over tariff concerns. Other notable figures on the list included the King, whose wealth matched that of Mr Sunak and Ms Murty at £640 million. Gopi Hinduja and his family, who are behind the Indian conglomerate Hinduja Group, were named Britain's richest again in 2025, despite their wealth dipping to £35.3 billion from £37.2 billion. The Hindujas were followed in the list by real estate moguls David and Simon Reuben, who moved up to second after increasing their wealth to £26.9 billion. They were followed by investor Sir Leonard Blavatnik, entrepreneur Sir James Dyson and shipping tycoon Idan Ofer. The biggest faller in 2025 was Ineos founder and Manchester United part-owner Sir Jim Ratcliffe who saw his wealth decline by around £6 billion for the second consecutive year. He is seventh on the list with a wealth of around £17 billion. Meanwhile, the biggest risers were the Russian-born brothers Igor and Dmitry Bukhman who built a fortune on mobile games such as Gardenscapes and Fishdom, who saw their wealth almost double to £12.5 billion.
