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Daily Mirror
Daily Mirror
Business
Levi Winchester

Sunday Times Rich List shows UK's elite now worth £710BILLION - see league table

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.

Russian oligarch Roman Abramovich slipped out of the top 20 (REUTERS)

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.

Sri and Gopi Hinduja and their family are the richest people in the UK (AFP via Getty Images)

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.

Rishi Sunak and Akshata Murty have made the list for the first time (PA)

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."

Sir James Dyson came number two in the Sunday Times Rich List (Daily Mirror-Andy Stenning)

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."

David and Simon Reuben and family are in at number three (Dave Benett/Getty Images)

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.

Sir Leonard Blavatnik has a wealth of £20billion (Getty Images Europe)
Lakshmi Mittal and family are worth £17billion (Getty Images)

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:

  1. Sri and Gopi Hinduja and family - £28.47billion
  2. Sir James Dyson and family - £23billion
  3. David and Simon Reuben and family - £22.26billion
  4. Sir Leonard Blavatnik - £20billion
  5. Guillaume Pousaz - £19.26billion
  6. Lakshmi Mittal and family - £17billion
  7. Guy, George, Alannah and Galen Weston and family - £13.5billion
  8. Kirsten and Jorn Rausing - £12billio
  9. Charlene de Carvalho-Heineken and Michel de Carvalho - £11.42billion
  10. Michael Platt - £10billion
  11. Alisher Usmanov - £10billion
  12. The Duke of Westminster and the Grosvenor family - £9.73billion
  13. Barnaby and Merlin Swire and family - £9.6billion
  14. Marit, Lisbet, Sigrid and Hans Rausing - £9.49billion
  15. Anil Agarwal - £9.2billion
  16. Denise, John and Peter Coates - £8.64billion
  17. John Fredriksen and family - £8.31billion
  18. Christoph Henkel and family -£8.308billion

  19. Mikhail Fridman - £8.22billion
  20. Moshe Kantor - £8billion
  21. Idan Ofar - £7.3billion
  22. François-Henri Pinault and Salma Hayek - £7.13billion
  23. Anders Holch Povlsen - £6.5billion
  24. Nicky Oppenheimer and family - £6.46billion
  25. The Barclay family - £6.21billion
  26. Stephen Rubin and family - £6.1billion
  27. Sir Jim Ratcliffe - £6.08billion
  28. Roman Abramovich - £6billion
  29. German and Anzhelika Khan - £5.8billion
  30. Sir Henry Keswick and family - £5.7billion
  31. Ian and Richard Livingstone - £5.7billion
  32. Earl Cadogan and family - £5.69billion
  33. Igor and Dmitry Bukhman - £5.5billion
  34. John Grayken - £5.37billion
  35. Nathan Kirsh - £5.21billion
  36. Nik Storonsky - £5.2billion
  37. Tom Morris and family - £5.13billion
  38. Carrie and François Perrodo and family - £5billion
  39. Mohsin and Zuber Issa - £4.73billion
  40. Leonie Schroder and family - £4.64billion
  41. Sri Prakash Lohia - £4.37billion
  42. Lord Bamford and family - £4.32billion
  43. Joe Lewis - £4.29billion
  44. Sir Richard Branson and family - £4.2billion
  45. Alexey Kuzmichev - £4.15billion
  46. Sir Michael Moritz and Harriet Heyman -£4billion
  47. Teddy Sagi - £4billion
  48. Mark Scheinberg - £3.93billion
  49. Baroness Howard de Walden and family - £3.63billion
  50. 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.

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