Rishi Sunak and his spouse ‘misplaced £500k a day’ final 12 months – as Sunday Times Rich List reveals UK’s wealthiest individuals

May 19, 2023 at 8:19 AM
Rishi Sunak and his spouse ‘misplaced £500k a day’ final 12 months – as Sunday Times Rich List reveals UK’s wealthiest individuals

Prime Minister Rishi Sunak and his spouse misplaced a mean of £500,000 a day over the previous 12 months, in response to The Sunday Times Rich List.

The couple are estimated to be £201m poorer as a consequence of a fall within the worth of Akshata Murty’s stake in her father’s IT agency – however are nonetheless price a reported £529m.

Top of the pile once more are Gopi Hinduja and household, who’ve seen their wealth enhance £6.53bn to £35bn.

It is the most important fortune ever recorded in the list and comes after the top of the household, 87-year-old Srichand Hinduja, died this week.

The Hindujas’ firm, which spans a lot of the world, offers with all the things from banking and oil to automotive teams, healthcare and cybersecurity.

Ineos chairman Jim Ratcliffe arrives for the annual Red Cross Gala in Monte Carlo, July 18, 2022. REUTERS/Eric Gaillard
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Sir Jim Ratcliffe, the chemicals titan who’s hoping to buy Manchester United, has shot into second after new details about his funds.

The Ineos boss is up an eyewatering £23.6bn to £29.69bn.

Read extra:
SP Hinduja: Billionaire head of Britain’s richest family dies
Sunday Times Rich List 2022

However, it isn’t good news for one of many UK’s best-known billionaires, Sir Richard Branson, whose wealth is down £1.79bn – or greater than 40%.

It is alleged to be primarily all the way down to the falling share value of his area tourism and satellite tv for pc divisions.

Sir Richard Branson, Founder of Virgin Galactic, is interviewed on the floor of the New York Stock Exchange, Monday, Oct. 28, 2019. (AP Photo/Richard Drew)
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It was not a great 12 months for Sir Richard, whose wealth dropped greater than 40%

Virgin Orbit’s first mission from Cornwall in January failed and the enterprise is now scrambling to avoid bankruptcy.

For the primary time in 14 years, the variety of billionaires within the UK has truly fallen – down six to 171, according to The Sunday Times.

Others within the high 20 embody acquainted names akin to inventor Sir James Dyson – the nation’s fifth richest with £23bn; Primark homeowners the Weston household – quantity seven with £14.5bn; and Bet365 owners Denise Coates and household – sixteenth with nearly £8.8bn.

bet365 Chief Executive Denise Coates with her Commander of the British Empire (CBE) medal which was presented by the Prince of Wales during an Investiture ceremony at Buckingham Palace, central London 15/5/2012
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Denise Coates and household have amassed over £8bn by Bet365

Former Chelsea proprietor Roman Abramovich doesn’t seem within the 2023 chart as he now not lives within the UK.

This 12 months’s expanded listing consists of 350 individuals and households, with a minimal of £350m wanted to be included.

David and Victoria Beckham, Sir Elton John and Lord Lloyd Webber are amongst different well-known names who make the lower.

The Sunday Times says its listing relies on identifiable wealth together with land, property, different property akin to artwork, or important shares in publicly quoted firms – however excludes financial institution accounts.