The wealthiest people in the UK have been revealed in the 2022 Sunday Times Rich List - as ordinary Brits continue to struggle with rising bills during the cost of living crisis.
Billionaire brothers Sri and Gopi Hinduja have taken the top spot with an eye-watering fortune of £28.47billion.
The super rich siblings, who run the Mumbai-based conglomerate Hinduja Group, saw their wealth increase by more than £11billion compared to last year.
Their multinational business was set up by their father, Parmanand Deepchand Hinduj, who originally traded goods in the Sindh region of India.
He moved the business headquarters to Iran in 1919, before his sons moved the base to London in 1979. Shortly before their father died in 1971, the brothers claim he told them to "advance fearlessly".
The sons expanded the business globally, with investments in everything from trucking to banking, IT and media.
There are a record 177 billionaires in the UK in 2022 - six more than in 2021 - as the wealthiest figures in the UK grew their combined fortunes by 8% to a record £710billion in just 12 months.
In second place in the 2022 Sunday Times Rich List is vacuum entrepreneur Sir James Dyson, with a collective family wealth of £23billion.
Indian-born British businessmen and property investors David and Simon Reuben are in third place with £22.26billion.
Meanwhile, Rishi Sunak and Akshata Murty have made the list for the first time - coming in at number 222 out of 250 - with their joint £730million fortune.
What do you think of the 2022 Sunday Times Rich List? Let us know your thoughts in the comments below.
Just hours before the Rich List was published, the Chancellor had warned Britons they face a "tough" time ahead due to the spiking cost of living and soaring inflation.
Ms Murty came under fire earlier this year after it was revealed she had non-dom status, with critics saying this could have saved her £20million in taxes.
She later agreed to pay UK taxes on her worldwide income. Her staggering wealth is mainly driven by her £690million stake in Infosys, founded by her father.
Non-dom status is usually given to someone who was born overseas and spends much of their time in the UK, but still considers another country to be their permanent residence or "domicile".
Robert Palmer, who works with pressure group TaxJustice, said: "It is particularly striking that Rishi Sunak is the first politician to make the list.
"He had the power to ease the cost of living but has done far too little. It is way past the time for the Chancellor to act."
Social media users have also reacted to the Chancellor appearing on the Rich List during the cost of living crisis.
One said: "Rishi Sunak and his wife have made their first appearance on the Sunday Times Rich List.
"I find it wild that the Chancellor can be one of the wealthiest people in the UK during a cost of living crisis."
Another said: "The man refusing to ease the cost of living crisis for the country's poorest is on the Sunday Times Rich List."
Russian billionaires tumbled down this year's rankings after the value of their assets was hammered by financial measures in response to Russia's invasion of Ukraine.
Former Chelsea football club owner Roman Abramovich slipped out of the top 20, as his wealth halved from £12billion to £6billion after he was sanctioned following the Russian invasion of Ukraine.
This saw his assets frozen, shares in his in Evraz company collapse and forced him to put Chelsea up for sale.
Fellow Russians Alisher Usmanov and Mikhail Fridman also dropped down the Rich List.
These are the 50 richest people in the UK according to the 2022 Sunday Times Rich List:
- Sri and Gopi Hinduja and family - £28.47billion
- Sir James Dyson and family - £23billion
- David and Simon Reuben and family - £22.26billion
- Sir Leonard Blavatnik - £20billion
- Guillaume Pousaz - £19.26billion
- Lakshmi Mittal and family - £17billion
- Guy, George, Alannah and Galen Weston and family - £13.5billion
- Kirsten and Jorn Rausing - £12billio
- Charlene de Carvalho-Heineken and Michel de Carvalho - £11.42billion
- Michael Platt - £10billion
- Alisher Usmanov - £10billion
- The Duke of Westminster and the Grosvenor family - £9.73billion
- Barnaby and Merlin Swire and family - £9.6billion
- Marit, Lisbet, Sigrid and Hans Rausing - £9.49billion
- Anil Agarwal - £9.2billion
- Denise, John and Peter Coates - £8.64billion
- John Fredriksen and family - £8.31billion
Christoph Henkel and family -£8.308billion
- Mikhail Fridman - £8.22billion
- Moshe Kantor - £8billion
- Idan Ofar - £7.3billion
- François-Henri Pinault and Salma Hayek - £7.13billion
- Anders Holch Povlsen - £6.5billion
- Nicky Oppenheimer and family - £6.46billion
- The Barclay family - £6.21billion
- Stephen Rubin and family - £6.1billion
- Sir Jim Ratcliffe - £6.08billion
- Roman Abramovich - £6billion
- German and Anzhelika Khan - £5.8billion
- Sir Henry Keswick and family - £5.7billion
- Ian and Richard Livingstone - £5.7billion
- Earl Cadogan and family - £5.69billion
- Igor and Dmitry Bukhman - £5.5billion
- John Grayken - £5.37billion
- Nathan Kirsh - £5.21billion
- Nik Storonsky - £5.2billion
- Tom Morris and family - £5.13billion
- Carrie and François Perrodo and family - £5billion
- Mohsin and Zuber Issa - £4.73billion
- Leonie Schroder and family - £4.64billion
- Sri Prakash Lohia - £4.37billion
- Lord Bamford and family - £4.32billion
- Joe Lewis - £4.29billion
- Sir Richard Branson and family - £4.2billion
- Alexey Kuzmichev - £4.15billion
- Sir Michael Moritz and Harriet Heyman -£4billion
- Teddy Sagi - £4billion
- Mark Scheinberg - £3.93billion
- Baroness Howard de Walden and family - £3.63billion
- Johan Eliasch - £3.6billion
See the full Sunday Times Rich List league table here.
A previous version of this article stated that Christoph Henkel and family's wealth was £15billion. We are happy to correct the figure to £8.308billion.
