The wealthy Hinduja family has retained the top position on the Sunday Times Rich List for the fourth consecutive year, despite a decrease in their wealth.
Gopi Hinduja and his family, associated with the Indian conglomerate Hinduja Group, regained the title of Britain’s wealthiest individuals with a fortune of £35.3 billion.
Inventor Sir James Dyson and Manchester United co-owner Sir Jim Ratcliffe were included among the billionaires in the upper echelon of the yearly list of affluent Britons.
The list had a decline in the number of billionaires for the third consecutive year, down from 165 to 156, amidst criticism of policies implemented by the new Labour government.
The following individuals and families constitute the 20 wealthiest in the UK, as per the Rich List:
1. Gopi Hinduja and family – £35.3 billion The wealthiest family in Britain earned their money through the Mumbai-based conglomerate Hinduja Group, which encompasses many areas such as banking and finance, media and entertainment, and energy, employing about 200,000 individuals globally. The family’s fortune decreased to £35.3 billion during the year, down from £37.2 billion.
2. David and Simon Reuben and family – £26.87 billion. The billionaire siblings gained their wealth through real estate and technology via their private equity and investment firm, Reuben Brothers. The siblings were born in Mumbai and reared in the United Kingdom.
3. Sir Leonard Blavatnik – £25.73 billion The third-richest individual is a Ukrainian-born British-American business entrepreneur and philanthropist who amassed his wealth in Russia. He initiated the public offering of Warner Music in the United States in June 2020, having acquired it in 2011.
4. Sir James Dyson and family – £20.8 billion Sir James Dyson, an English inventor and entrepreneur, is renowned for establishing the technology company Dyson and for creating the cyclone bagless hoover in the 1970s. He has subsequently transitioned into the beauty sector, with his range of hair tools demonstrating notable popularity. Earlier this year, he condemned the tax measures implemented by Chancellor Rachel Reeves, particularly the modifications to agricultural inheritance tax regulations. Dyson possesses around 36,000 acres of agricultural property in the United Kingdom.
5. Idan Ofer – £20.12 billion Idan Ofer, an Israeli millionaire businessman, is one of the two sons of shipping tycoon Sammy Ofer. His father, deceased in 2011, was formerly the wealthiest individual in Israel. He possesses holdings in shipping, energy, and around a 30% equity share in the Spanish football team Atletico de Madrid.
6. Guy, George, Alannah, and Galen Weston, along with their family – £17.75 billion The Weston family has primarily amassed its wealth through investments in the retail sector. It possesses a substantial equity interest in Associated British Foods, which owns Primark and manufactures sugar, managed by son George Weston. The family’s wealth increased by nearly £3 billion in the past year.
7. Sir Jim Ratcliffe – £17.05 billion Sir Jim Ratcliffe, part-owner of Manchester United, is the founder and chairman of the worldwide chemicals enterprise Ineos, established in 1998. The Manchester-born entrepreneur oversees football operations at the club following the acquisition of a minority share in February of the previous year. He has encountered criticism from supporters regarding financial decisions at the club, including numerous job reductions. He has previously ranked first but has fallen three additional positions in this year’s publication.
8. Lakshmi Mittal and family – £15.44 billion Mr. Mittal, born in India, serves as the chairman of ArcelorMittal, a multinational steel corporation based in Luxembourg and the largest steel producer in Europe, North America, and South America. He possesses houses in Kensington Palace Gardens, one of the priciest streets globally, and is a co-owner of the Queen’s Park Rangers football team.
9. John Fredriksen and family – £13.68 billion. John Fredriksen is a Norwegian shipping entrepreneur who possesses oil tankers and has investments in aquaculture, dry bulk carriers, and deepwater drilling platforms.
10. Igor and Dmitry Bukhman – £12.54 billion The Bukhman brothers are the most significant ascendants on this year’s list, having nearly doubled their wealth. The Russian-born pair amassed wealth through smartphone games like Gardenscapes and Fishdom.
11.Kirsten and Jorn Rausing – £12.51 billion Kirsten Rausing is another individual who profited from inheritance, possessing a share in her grandfather’s packaging enterprise, Tetra Laval, which transformed the storage of beverages like milk and orange juice in cartons instead of glass bottles. The Swedish entrepreneur is significantly engaged in horse racing, and her spouse, Jorn Rausing, is a co-owner of Tetra Laval.
12. Michael Platt – £12.5 billion Financier from Preston Michael Platt is the co-founder and chief executive of BlueCrest Capital Management, a leading hedge fund and one of the largest and highest-performing investing businesses globally. His hedge firm profited from investments in currency and bond markets following Donald Trump’s election, which unsettled financial markets.
13. Charlene de Carvalho-Heineken and Michel de Carvalho – £10.09 billion Charlene de Carvalho-Heineken is a Dutch entrepreneur and one of the wealthiest women globally, having inherited approximately a 25% interest in the brewing conglomerate Heineken from her deceased father, Freddy Heineken. Her spouse, former Olympic skier Michel de Carvalho, serves on the board of the enterprise.
14. Duke of Westminster and the Grosvenor family – £9.88 billion Hugh Grosvenor, the seventh Duke of Westminster, attained billionaire status upon inheriting his title and the ancient Grosvenor Estate from his father in 2016. The 34-year-old duke, who serves as Prince George’s godfather, was designated the wealthiest individual under 40 in this year’s Sunday Times Rich List.
15. Lord Bamford and family – £9.45 billion Lord Bamford oversees JCB, the multibillion-pound construction equipment firm he inherited from his father, Joseph Cyril Bamford, in the 1970s. He is a prominent political benefactor and serves as the director of the Centre for Policy Studies think group.
16. Denise, John, and Peter Coates – £9.44 billion The Coates family are co-founders of Bet365, a leading global online gambling enterprise, which evolved from the chain of betting establishments initially operated by patriarch Peter Coates.
17. Carrie and Francois Perrodo and family – £9.3 billion Born in Singapore Carrie Perrodo inherited Perenco, one of the largest family-owned oil corporations globally, upon the demise of her husband, Hubert Perrodo, in 2006. Francois Perrodo, an amateur racing driver, is currently the chairman of Perenco.
18. Barnaby and Merlin Swire and family – £9.25 billion The Swire family’s wealth originates from Swire Group, a multinational enterprise including property, transportation, and industrial sectors. Chairman educated at Eton Barnaby Swire is the cousin of Merlin Swire, both being sixth-generation descendants of the group’s founder.
19. Marit, Lisbet, Sigrid, and Hans Rausing – £9.09 billion Marit Rausing is the widow of Hans Rausing, who developed the Tetra Pak packaging enterprise established by his father in 1944. Lisbet and Sigrid are their offspring.
20. Alex Gerko – £8.75 billion Alex Gerko, a mathematician from Moscow, established the algorithmic trading firm XTX Markets in 2015, which had swift expansion in the UK and maintains operations worldwide, including in New York City, Paris, and Mumbai. The company founder, having abandoned his Russian citizenship, experienced a decline in worth exceeding £3 billion year-on-year.
