The Full List of British Billionaires In 2023 - Who Are The Richest People In The UK?
♦ The Full List of American Billionaires 2023 - Who Are Richest People in the US
♦ Top 4 Billionaires In The World With Over $50 Billion Wealth Loss
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| The Full List of British Billionaires In 2023 - Who Are The Richest People In The UK? Photo KnowInsiders |
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How many billionaires in the UK? How much do they own?
There are a record 177 billionaires in the UK in 2022, up six from 2021. The combined wealth of the UK billionaires is £653.122 billion, up £55.853 billion – 9.4 per cent – on the total wealth of the billionaires in 2021’s Rich List. Overall, the richest 250 in the UK this year are worth £710.723 billion, compared to £658.089 billion in 2021, an 8 per cent rise on last year.
Who are the richest people in the UK?
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| Photo Yahoo |
The 2022 Sunday Times Rich List has revealed that billionaire brothers Sri and Gopi Hinduja are the wealthiest people in the UK.
The annual list showed that the pair, who run the Mumbai-based conglomerate Hinduja Group, saw their fortune jump by more than £11 billion to £28.47 billion.
| They also own an incredible home on Carlton House Terrace in London near Buckingham Palace - which was priced at £66.5 million in 2006 - have spent another £40million restoring it. The incredible 60-room building is the former head office of the Crown Estate and was bought from the Queen, according to Forbes. The home, almost equidistant from Buckingham Palace and 10 Downing Street, consists of four interconnected Regency houses and is home to the entire family, as well as 30 other relatives. The family, who prefer to operate out of the public gaze, now operates in multiple sectors including transport, communications and banking. |
Dyson vacuum entrepreneur James Dyson and his family moved up to second in the list after a £6.7 billion increase to £23 billion.
 Who Are Richest People In The U.K - Top 10 Aside from familiar names of the famous billionaires that we already know such as Bill Gates, Mark Zuckerberg,.. The U.K is also a land of ... |
| He previously held the top spot in 2020 but was beaten this year by Indian-born businessmen Sri and Gopi Hinduja and family, who have a net worth of £28.472bn. Sir James made his fortune with the invention of the bag-less vacuum cleaner, which went on sale in 1993. The self-made billionaire was born in Cromer and went to Gresham's School in Holt aged nine, attending the school from 1956 to 1965. His road to creating the first Dyson vacuum cleaner began in 1974, when he invented a wheelbarrow with a spherical wheel. He then took inspiration from an industrial extractor to create the product he is most known for and thought how it could be down-sized for home use. It was more than 10 years before it made it to the market, and at one stage Sir James owed his bank nearly £1m. The brand has gone on to be one of the most successful British companies and in March this year it announced a £4bn global investment plan. |
Property investors David and Simon Reuben meanwhile were third with £22.26 billion, while Ukrainian-born Sir Leonard Blavatnik dropped from top spot to fourth. However, Roman Abramovich slipped out of the top 20 and fellow Russians Alisher Usmanov and Mikhail Fridman dropped down the list after the value of their assets was hammered by financial measures in response to Russia’s invasion of Ukraine.
READ MORE: 10 Frugal Billionaires Who Live Like Miserable People
Top 20 richest people in the UK
| Rank | Name | Worth | Source of wealth |
|---|---|---|---|
| 2022 (2021) | |||
| 1 (3) | Sri and Gopi Hinduja and family | £28.472bn | Industry and finance |
| 2 (4) | Sir James Dyson and family | £23bn | Household goods and technology: Dyson |
| 3 (2) | David and Simon Reuben and family | £22.265bn | Property and internet |
| 4 (1) | Sir Leonard Blavatnik | £20bn | Investment, music and media |
| 5 (33) | Guillaume Pousaz | £19.259bn | Online payments: Checkout.com |
| 6 (5) | Lakshmi Mittal and family | £17bn | Steel: ArcelorMittal |
| 7 (10) | Guy, George, Alannah and Galen Weston and family | £13.5bn | Retailing |
| 8 (7) | Kirsten and Jorn Rausing | £12bn | Inheritance and investment |
| 9 (9) | Charlene de Carvalho-Heineken and Michel de Carvalho | £11.421bn | Inheritance, brewing and banking |
| 10= (18) | Michael Platt | £10bn | Hedge fund |
| 10= (6) | Alisher Usmanov | £10bn | Mining and investment |
| 12 (12) | The Duke of Westminster and the Grosvenor family | £9.726bn | Property |
| 13 (21) | Barnaby and Merlin Swire and family | £9.6bn | Industry, transport and property |
| 14 (13) | Marit, Lisbet, Sigrid and Hans Rausing | £9.49bn | Inheritance: Tetra Laval |
| 15 (15) | Anil Agarwal | £9.2bn | Mining: Vedanta Resources |
| 16 (17) | Denise, John and Peter Coates | £8.637bn | Gambling: Bet365 |
| 17 (19) | John Fredriksen and family | £8.311bn | Shipping and oil services |
| 18 (120=) | Christoph Henkel and family | £8.308bn | Chemicals: Henkel |
| 19 (11) | Mikhail Fridman | £8.222bn | Industry: Alfa Group and Letter One |
| 20 (48) | Moshe Kantor | £8bn | Chemicals: Acron |
UK billionaire number on the rise after COVID-19
The number of UK billionaires has increased by a fifth since the onset of the Covid pandemic, according to a report calling for a progressive wealth tax to tackle rising inequality amid the cost of living crisis.
The Equality Trust charity said interventions by governments and central banks during the pandemic allowed for an “explosion of billionaire wealth” in Britain at the expense of the rest of society, after fuelling a boom in property values and on the stock market.
At the onset of the global health emergency three years ago, the Bank of England and other big central banks around the world crashed interest rates to zero and pumped billions of pounds into financial markets through their quantitative easing bond-buying programmes. Aimed at softening the edges of the worst recession in three centuries by supporting businesses, households and governments with lower borrowing costs, the report found the policies also helped inflate asset prices, helping to line the pockets of wealthy investors.
The Equality Trust said this had contributed to the number of UK billionaires increasing from 147 in 2020 to 177 in 2021, with the median billionaire now holding about £2bn.
The report found that the number of billionaires in the UK had risen more than tenfold from 15 in 1990, when the Sunday Times first published its Rich List, after taking into account inflation over that time period.
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Who are youngest billionaires in the UK?
Top 4 richest young billionaires in the UK
1. The Duke of Westminster and the Grosvenor family - £10.054bn
2. Lady Charlotte Wellesley - £2.4bn
3. Johnny Boufarhat - £1.446bn
4. Jack Sullivan and family - £1.04bn
1. The Duke of Westminster and the Grosvenor family - £10billion
Prince George’s godfather, Hugh Grosvenor, is Britain’s youngest billionaire thanks to a fortune he inherited at just 25, when his father, Gerald, passed away.
In 2016, the Newcastle University graduate, now 30, quit his job at Bio-Bean, a green energy company that recycles coffee beans into fuel, to oversee his family’s 340-year-old property portfolio.
The Grosvenor empire includes 300 acres of Mayfair and Belgravia as well as land in more than 60 cities around the world.
Hughie, as the duke is known to his friends, is the youngest of Prince George’s godparents, and his mother, Natalia, is godmother to the Duke of Cambridge.
Last year, the Grosvenor Group showed net assets of nearly £4.7billion.
Dividends of £47.5million were paid during 2020 and a final dividend of £32.2 million was taken in April 2021. The family’s estates include nearly 165,000 acres of rural land.
2. Lady Charlotte Wellesley - £2.4billion
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| Photo The Mirror UK |
Britain's youngest billionaires - from Prince George's godfather to £4bn app inventor
Lady Charlotte Anne Santo Domingo is an English socialite and photography producer ( Image: Getty Images)
Lady Charlotte Wellesley, a 30-year-old descendant of Queen Victoria, once worked as an assistant producer at Mario Testino’s studio in London.
After school at Wycombe Abbey, a high-performing girls’ boarding school in Buckinghamshire, Wellesley attended Oxford University to study archaeology and anthropology.
Her wedding to 43-year-old Colombian-American billionaire Alejandro Santo Domingo in 2016 was the undisputed wedding of the year – which placed her firmly on the young billionaires list.
She's maintained her space in the top five for the past four years.
READ MORE: Top 9 Billionaires Have The Most Kids In The US
3. Johnny Boufarhat - £1.4billion
Sydney-born Boufarhat, 26 — Britain’s youngest self-made billionaire — is the entrepreneur behind the online events platform Hopin
Twenty-six-year-old Johnny Boufarhat is the country's fourth wealthiest person and the youngest self-made billionaire in Britain.
The Manchester University graduate made his fortune in just one year, after launching virtual conference app Hopin last March at the height of lockdown.
Boufarhat was born in Sydney after his parents - a mechanical engineer and an accountant - moved to Australia from Lebanon during the 1975-1990 civil war.
The family moved on to Los Angeles then Dubai before Boufarhat travelled to the UK to study mechanical engineering.
Boufarhat spent time in Los Angeles and Dubai as a child before moving to the UK to study at Manchester University
The company now employs 500 workers remotely
| While studying, Boufarhat developed an app that gave students discounts at restaurants. In 2018, he started coding virtual conference app Hopin while suffering from an auto-immune disease and being unable to work. And since launching thanks to several angel investors last year, its user-base has rocketed to over five million, giving it a value of £4.1billion with American Express and Hewelett-Packard among clients. The company’s soaring value has left Boufarhat with a net worth of £1.5billion and a client database of 80,000 companies. The firm has no offices and its 500 staff are mostly in the US and UK. |
4. Jack Sullivan and family - £1billion
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| Photo The Mirror UK |
Britain's youngest billionaires - from Prince George's godfather to £4bn app inventor
Until this year, Jack Sullivan was the youngest executive in English football history ( Image: Action Plus via Getty Images)
West Ham United co-owner David Sullivan and his family feature in the young list with son Jack sitting on a £1billion fortune.
His father is the chairmanof West Ham – but their family worth is mostly tied up in an extensive property portfolio.
When he was just 14, Jack was on holiday in Spain and turned to his mum and said "Mum, Mum will you buy me West Ham Ladies?".
At the age of 17, he was signed as the managing director of West Ham’s women’s football team, a position he has recently given up.
The Sunday Times lists the West Ham co-owner’s source of wealth as ‘Property and Football and Media’.
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