Manchester United’s part owner Sir Jim Radcliffe is the biggest faller in the Sunday Times list of the weathiest people in the UK although his wealth remains strong at £17 billion despite seeing a decrease by £6 billion in the last 12 months
The list reveals the largest fall in the billionaire count in the guide’s 37-year history, from a peak of 177 in 2022 to 156 this year. The number of billionaires has dropped for three successive years – this year’s decline is the sharpest yet.
This year’s list of 350 individuals and families together hold combined wealth of £772.8 billion — 3 per cent down on last year. Sir Elton John, Lord Lloyd-Webber, Sir Mick Jagger, Keith Richards, Euan Blair, Sir Lewis Hamilton and Sir Christopher Nolan all appear in the annual survey. The combined wealth in the 37th annual edition is £772.8 billion — a sum larger than the annual GDP of Switzerland.
Robert Watts, compiler of the Sunday Times Rich List, said: “The Sunday Times Rich List is changing. Our billionaire count is down and the combined wealth of those who feature in our research is falling. We are also finding fewer of the world’s super rich are coming to live in the UK.
“This year we were also struck by the strength of criticism for Rachel Reeves’s Treasury. 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.
“Our research continues to find a wide variety of self-made entrepreneurs building fortunes not just from artificial intelligence, video games and new technologies but also mundane, everyday items such as makeup, radiators and jogging bottoms. We know many of our readers find these people and their stories inspiring — especially the many who had tough starts or setbacks to their lives and careers.”
Radcliffe remains the North West’s Richest person, nearly six billion pounds richer than the The Duke of Westminster and the Grosvenor family with Liverpool based Tom Morris and family in third followed by The Bolton duo of Mohsin and Zuber Issa and Salford’s Fred and Peter Done
In the under 40’s category the Castore sportswear founders Tom and Phil Beahon lead the table in the North West with an estimated wealth of 350 million pounds
