The billionaire Hinduja household has topped the Sunday Instances Wealthy Record for the second yr in a row as its fortune jumped by greater than £6 billion.
Gopi Hinduja and his household, which is behind the Indian conglomerate Hinduja Group, have been named as Britain’s richest simply days after Mr Hinduja’s brother Sri died.
For the primary time in 14 years, the variety of billionaires on the listing fell, by six to 171.
However those that stayed within the billionaires’ membership nonetheless noticed their wealth develop by near £31 billion.
These are the 20 richest folks and households within the UK, in response to the Wealthy Record:
1. Gopi Hinduja and household – £35 billion
Britain’s richest household made its fortune from the Mumbai-based conglomerate Hinduja Group, which spans enterprise sectors together with banking and finance, media and leisure, and power and has about 200,000 employees all over the world.
Patriarch of the household and Hinduja’s chairman, Srichand Hinduja, died on Wednesday aged 87. He was described by a spokesperson as a “visionary titan of trade and enterprise”.
2. Sir Jim Ratcliffe – £29.7 billion
Sir Jim, who’s the very best climber on this yr’s listing, is the founder and chairman of worldwide chemical substances firm Ineos, which was fashioned in 1998.
The Manchester-born businessman is at present battling Sheikh Jassim, the son of a former Qatari prime minister, to take over Manchester United.
3. Sir Leonard Blavatnik – £28.6 billion
The third-richest Briton is a Ukrainian-born enterprise magnate and philanthropist who constructed up his fortune in Russia.
His cash primarily comes from media and music investments – together with shopping for Warner Music in 2011 earlier than taking it public in 2020 – and his funding agency Entry Industries.
4. David and Simon Reuben and household – £24.4 billion
The billionaire brothers made their cash by property and know-how with their non-public fairness and funding enterprise Reuben Brothers. Additionally they personal 16 racecourses and 5 greyhound stadia within the UK by the Enviornment Racing Firm.
5. Sir James Dyson and household – £23 billion
English inventor and entrepreneur James Dyson is well-known for founding know-how agency Dyson and inventing the cyclone bagless vacuum cleaner within the Nineteen Seventies.
6. Lakshmi Mittal and household – £16 billion
Indian-born Mr Mittal is the chairman of ArcelorMittal, a multinational metal firm headquartered in Luxembourg and the biggest metal producer in Europe, North and South America.
He owns mansions on Kensington Palace Gardens, one of the vital costly streets on the earth.
7. Man, George, Alannah and Galen Weston and household – £14.5 billion
The Weston household has developed most of its wealth by investing in retail. It has a stake in Related British Meals, which owns Primark and produces sugar, run by son George Weston.
8. Charlene de Carvalho-Heineken and Michel de Carvalho – £13.1 billion
Charlene de Carvalho-Heineken is a Dutch businesswoman and one of many richest ladies on the earth after inheriting almost 1 / 4 stake in beer big Heineken from her late father Freddy Heineken.
Her husband and former Olympic skier Michel de Carvalho sits on the board of the enterprise.
9. Kirsten and Jorn Rausing – £12 billion
Kirsten Rausing additionally benefited from inheritance, with a stake in her grandfather’s packaging enterprise Tetra Laval, which revolutionised storing drinks like milk and orange juice in cartons over glass bottles.
The Swedish businesswoman is closely concerned in horse racing and her husband Jorn Rausing co-owns Tetra Laval.
10. Michael Platt – £11.5 billion
Preston-born financier Michael Platt is the co-founder and chief govt of hedge fund BlueCrestCapital Administration, one of many world’s largest and prime performing funding corporations.
11. The Duke of Westminster and the Grosvenor household – £9.9 billion
The 32-year-old Hugh Grosvenor is the seventh Duke of Westminster and have become an immediate billionaire when he inherited his title and management of the historic Grosvenor Property from his father in 2016.
He was topped the richest particular person underneath 35 on this yr’s Sunday Instances Wealthy Record.
12. Marit, Lisbet, Sigrid and Hans Rausing – £9.3 billion
The Rausing household has made the Sunday Instances Wealthy Record twice, with Marit Ruasing the widow of Hans Ruasing, who constructed up the Tetra Pak packaging enterprise based by his father in 1944. Lisben and Sigrid are their youngsters.
13. Andy Currie – £9.2 billion
Cambridge-educated Mr Currie constructed his wealth by his minority stake in fellow billionaire Sir Jim Ratcliffe’s chemical substances big Ineos, having been a director of the agency since 1999.
14. John Reece – £9.1 billion
The third and ultimate Ineos affiliate, John Reece, has been the finance director of Sir Jim Ratcliffe’s enterprise since 2000 and in addition derived his fortune from his minority stake within the agency.
15. Alex Gerko – £9.1 billion
Moscow-born mathematician Alex Gerko based algorithmic buying and selling firm XTX Markets in 2015, which grew quickly within the UK and has places of work globally, together with in New York Metropolis, Paris and Mumbai.
Mr Gerko was discovered to be the UK’s greatest tax contributor in 2023.
16. Denise, John and Peter Coates and household – £8.8 billion
Denise Coates is the co-founder, majority shareholder and co-chief govt of Bet365, one of many world’s largest on-line playing corporations, having been born right into a household working betting retailers in Stoke-on-Trent.
Peter Coates is her father and John Coates is her brother and joint-chief govt.
17. Anders Holch Povlsen – £8.5 billion
The Danish vogue mogul has constructed his fortune largely by possession of retailer Bestseller, which owns manufacturers Jack&Jones and Vero Moda, and his vital stake in on-line vogue firm Asos.
He’s the richest particular person in Scotland, proudly owning 220,000 acres of land within the nation.
18. Barnaby and Merlin Swire and household – £8.4 billion
The Swire household’s fortune stems from Swire Group, a world enterprise spanning property, transport and industrials.
Eton-educated chairman Barnaby Swire is the cousin of Merlin Swire, each sixth-generation descendants of the group’s founder.
19. John Fredriksen and household – £8.3 billion
John Fredriksen is a Norway-born transport magnate who owns oil tankers and investments in fish farming, dry bulkers and deepwater drilling rigs.
20. Mikhail Fridman – £8.2 billion
Mikhail Fridman was born in Ukraine and made his fortune in Russia throughout banking, retail, oil and telecoms, by corporations Alfa Group and Letter One, earlier than shifting to London in 2015.
He was hit by sanctions from the Authorities final yr over his ties to the Kremlin following Russia’s invasion of Ukraine, that means he had his UK property frozen and was banned from travelling to or from the UK.
Additional info on the Sunday Instances Wealthy Record might be accessed by way of the next hyperlink: https://www.thetimes.co.uk/sunday-times-rich-list
