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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.
Yahoo
20-05-2025
- Business
- Yahoo
82 UK billionaires alone hold £312bn wealth
The number of billionaires in the UK has slipped slightly, but their collective fortunes continue to rise, according to UBS' (UBS) Billionaire Ambitions Report. The report reveals that the UK was home to 82 billionaires in 2024, down from 83 a year ago, although their combined wealth has climbed 9.7% from $380.6bn in 2023 to $417.5bn (£312bn). While the UK remains ahead of European peers such as Italy (62 billionaires), France (46), Sweden (28) and Spain (27), it trails Switzerland (85) and Germany (117) in Western Europe's billionaire rankings. In the UK, over two-thirds (72%) are self-made millionaires. The Hinduja family — owners of the Indian industrial conglomerate Hinduja Group — sit at the top of the Sunday Times Rich List 2025. Despite a dip in their overall fortune, Gopi Hinduja and his family still hold an estimated £35.3bn. Other names include inventor and vacuum magnate James Dyson and Jim Ratcliffe, petrochemicals billionaire and part-owner of Manchester United. The UK has been losing some of richest residents as the Labour government abolished the non-dom tax status in April, which is where UK residents have their permanent home or domicile outside the UK for tax purposes. Read more: How to tell if you're rich In April, the government replaced the non-dom status with a new foreign income and gains regime. The scheme offers tax relief on overseas earnings for the first four years of UK tax residence — provided the individual has not lived in the UK for any of the preceding 10 years. This policy shift, initially proposed by former Conservative chancellor Jeremy Hunt and accelerated by his Labour successor Rachel Reeves, has prompted some of the UK's wealthiest to relocate abroad. Billionaires are moving to countries such as Switzerland, the UAE, Singapore and the United States, according to UBS. 'People are relocating to jurisdictions not just for tax benefits, but also for safety and political reasons,' explains a US billionaire. 'I moved several years ago with my family to a country, state and city that affords the benefits most seek. "Unless the political divide addresses failed policies that have yet to curb crime, lack of rule of law and safety, as well as fostering an economic climate that unleashes potential, I fear the trend will continue.' Globally, billionaire wealth is booming. Western Europe saw its billionaire wealth grow by 16% to $2.7tn, with Switzerland's billionaires recording a striking 23.8% increase. The number of billionaires across the region rose from 456 to 495. In the UAE, billionaire wealth surged by nearly 40% to $138.7bn, with one new billionaire joining their ranks, bringing the total to 18. Across the broader EMEA region, the number of billionaires rose by 70 to 728, with total wealth increasing by 17% to $3.7tn. The United States remained the global powerhouse of billionaire wealth in 2024. American billionaires saw their collective fortune jump by 27.6% to $5.8tn, representing more than 40% of global billionaire wealth. The US added 101 new billionaires, pushing its total to 835. Read more: What you need to know if you're planning to move to Dubai In Central and South America, 19 new Brazilian billionaires helped drive a 37.7% increase in regional wealth to $154.9bn. Across the Americas, billionaire numbers grew from 867 to 973, while their combined wealth surged 26.9% to $6.5tn. The majority of new entrants to the billionaire club were self-made. Of the 268 individuals who crossed the billion-dollar threshold for the first time, 60% were entrepreneurs — a reversal of last year's trend, where most new billionaires inherited their wealth. One of the driving forces behind this surge has been the continued boom in technology. The rise of generative AI, sparked by ChatGPT's debut in late 2022, fuelled a 36.1% increase in the collective wealth of tech billionaires to $2.45tn. Billionaires in entertainment and media, bolstered by the gaming sector, also saw strong gains, with total wealth up 26.3% to $970bn. Financial services billionaires saw their fortunes rise 23.9% to $2tn, supported by equity markets. Read more: Stocks to watch this week: Palo Alto Networks, Analog Devices, Marks & Spencer, Greggs and easyJet Five 'buy' rated European travel stocks Why it's important to plan for retirement with your partnerError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
82 UK billionaires alone hold £312bn wealth
The number of billionaires in the UK has slipped slightly, but their collective fortunes continue to rise, according to UBS' (UBS) Billionaire Ambitions Report. The report reveals that the UK was home to 82 billionaires in 2024, down from 83 a year ago, although their combined wealth has climbed 9.7% from $380.6bn in 2023 to $417.5bn (£312bn). While the UK remains ahead of European peers such as Italy (62 billionaires), France (46), Sweden (28) and Spain (27), it trails Switzerland (85) and Germany (117) in Western Europe's billionaire rankings. In the UK, over two-thirds (72%) are self-made millionaires. The Hinduja family — owners of the Indian industrial conglomerate Hinduja Group — sit at the top of the Sunday Times Rich List 2025. Despite a dip in their overall fortune, Gopi Hinduja and his family still hold an estimated £35.3bn. Other names include inventor and vacuum magnate James Dyson and Jim Ratcliffe, petrochemicals billionaire and part-owner of Manchester United. The UK has been losing some of richest residents as the Labour government abolished the non-dom tax status in April, which is where UK residents have their permanent home or domicile outside the UK for tax purposes. Read more: How to tell if you're rich In April, the government replaced the non-dom status with a new foreign income and gains regime. The scheme offers tax relief on overseas earnings for the first four years of UK tax residence — provided the individual has not lived in the UK for any of the preceding 10 years. This policy shift, initially proposed by former Conservative chancellor Jeremy Hunt and accelerated by his Labour successor Rachel Reeves, has prompted some of the UK's wealthiest to relocate abroad. Billionaires are moving to countries such as Switzerland, the UAE, Singapore and the United States, according to UBS. 'People are relocating to jurisdictions not just for tax benefits, but also for safety and political reasons,' explains a US billionaire. 'I moved several years ago with my family to a country, state and city that affords the benefits most seek. "Unless the political divide addresses failed policies that have yet to curb crime, lack of rule of law and safety, as well as fostering an economic climate that unleashes potential, I fear the trend will continue.' Globally, billionaire wealth is booming. Western Europe saw its billionaire wealth grow by 16% to $2.7tn, with Switzerland's billionaires recording a striking 23.8% increase. The number of billionaires across the region rose from 456 to 495. In the UAE, billionaire wealth surged by nearly 40% to $138.7bn, with one new billionaire joining their ranks, bringing the total to 18. Across the broader EMEA region, the number of billionaires rose by 70 to 728, with total wealth increasing by 17% to $3.7tn. The United States remained the global powerhouse of billionaire wealth in 2024. American billionaires saw their collective fortune jump by 27.6% to $5.8tn, representing more than 40% of global billionaire wealth. The US added 101 new billionaires, pushing its total to 835. Read more: What you need to know if you're planning to move to Dubai In Central and South America, 19 new Brazilian billionaires helped drive a 37.7% increase in regional wealth to $154.9bn. Across the Americas, billionaire numbers grew from 867 to 973, while their combined wealth surged 26.9% to $6.5tn. The majority of new entrants to the billionaire club were self-made. Of the 268 individuals who crossed the billion-dollar threshold for the first time, 60% were entrepreneurs — a reversal of last year's trend, where most new billionaires inherited their wealth. One of the driving forces behind this surge has been the continued boom in technology. The rise of generative AI, sparked by ChatGPT's debut in late 2022, fuelled a 36.1% increase in the collective wealth of tech billionaires to $2.45tn. Billionaires in entertainment and media, bolstered by the gaming sector, also saw strong gains, with total wealth up 26.3% to $970bn. Financial services billionaires saw their fortunes rise 23.9% to $2tn, supported by equity markets. Read more: Stocks to watch this week: Palo Alto Networks, Analog Devices, Marks & Spencer, Greggs and easyJet Five 'buy' rated European travel stocks Why it's important to plan for retirement with your partnerError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
18-05-2025
- Business
- News18
With Rs 33.68 Lakh Crore Fortune, Gopichand Hinduja Is UK's Richest Again; Know The Tycoon
Last Updated: Under his leadership, the Group acquired Gulf Oil in 1984 and three years later took over Ashok Leyland. Gopi Hinduja and his family topped the Sunday Times Rich List 2025 with a net worth of 35.304 billion British pounds (Rs 33,67,948.64 crore), beating the second holder, David and Simon Reuben and family, with a margin of 8.42 billion British pounds (Rs 8,042 crore). Gopi Hinduja and his family hold the crown of Britain's wealthiest despite a drop in net worth by 1.89 British pounds. Gopichand Hinduja is a key figure in the influential Hinduja family, which manages the multinational conglomerate, the Hinduja Group. This diverse enterprise spans industries such as trucks, lubricants, banking, and cable television. Who Is Gopichand Hinduja? Gopichand ascended to the role of chairman in May 2023 following the death of his older brother, Srichand Hinduja. The family has significant real estate holdings in London, including the Raffles London hotel, situated in the historic Old War Office building in Whitehall. A 1959 graduate of Jai Hind College, Mumbai, he received an honorary Doctorate of Law from the University of Westminster and an Honorary Doctorate of Economics from Richmond College, London, according to the group's website. Gopichand resides in London, while his younger brother Prakash lives in Monaco, and their youngest sibling, Ashok, manages their interests in India from Mumbai. First Published: May 18, 2025, 15:21 IST
Times
17-05-2025
- Business
- Times
Gopi Hinduja and family net worth — Sunday Times Rich List 2025
What is Gopi Hinduja and family's net worth? ▼ £35.304 billion£37.196 billion in 2024 The sumptuous 120-room Raffles hotel fashioned out of Whitehall's Old War Office (OWO) in central London, where Winston Churchill and Ian Fleming, the creator of James Bond, worked during the Second World War, has been restored to 21st-century luxury by Gopi Hinduja, who tops The Sunday Times Rich List for the fourth successive year. More recently, the gilt-edged OWO has hosted several 'leaving UK' parties for super-rich individuals and families getting out of the country. The building's owner will not be hosting one himself. Gopi — or GP as he likes to be known — plans to see out his days in his 60-room home on Carlton House Terrace, just
