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The Independent UK
The Independent UK
Henry Saker-Clark

Record fall in billionaires living in UK after Labour’s non-dom tax crackdown

United Kingdom ​​Rishi Sunak Akshata Murty Gopi Hinduja James Dyson Jim Ratcliffe Rachel Reeves Robert Watts
The UK has experienced its most significant drop in billionaires ever recorded - (Getty Images)

The UK has experienced its most significant drop in billionaires ever recorded, the Sunday Times Rich List 2025 has revealed. This year's list, which ranks Britain's wealthiest individuals and families, highlights a continuing downward trend in the billionaire population for the third year running.

While the Hinduja family retains the top spot with a fortune exceeding £35 billion, the overall number of billionaires has fallen to 156 from 165 in 2024. This decrease marks the steepest decline in the Rich List's 37-year history, coinciding with Labour's crackdown on the non-dom tax status.

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