This year's Sunday Times rich list has named the richest people in Wales. The publication's rich list announces the wealth of the 350 richest people in Britain each year.
Over the last decade from 2013 until 2023, five men have consistently appeared at the top of that list. Of those, Sir Michael Moritz has been named as the richest person in Wales every year for the past ten years. With his wealth growing by £2.208bn in that time, the billionaire has almost tripled the annual figure starting at £1.125bn in 2013 and increasing to £3.333bn in 2023 after spotting the potential for Google, PayPal, Alibaba, WhatsApp, YouTube and a host of other tech giants ahead of anyone else. This year, however, saw his fortune decrease by £667m in 12 months, despite still bagging the list's top spot.
Amongst Mr Moritz on the rich list at number two this year is Simon Nixon. The internet and property tycoon has been the second richest man in Wales for three years running and has been in the top five over the last ten years. In 2013 he generated £733m whereas in 2023 his wealth equalled £1.825bn. Although over the last decade his wealth has risen enormously, he has seen a £100m loss since 2022.
