The 35th annual survey of The Sunday Times Rich List 2023, which ranks the wealthiest UK residents, was published by The Sunday Times digitally on 19 May 2023 and in printed format on 21 May 2023.
Editor Robert Watts, who stepped into the role from Philip Beresford in 2017, offered a notable comment on this year’s list, stating: “This year’s Sunday Times Rich List indicates that the era of bounty for the ultra-rich has ended. For the first time in 14 years, we’ve observed a decrease in the number of UK billionaires.” The List generated considerable attention and coverage in the media.
The top 10 wealthiest individuals in the UK in 2023, as per the List, include:
| Pos. | Name | Wealth |
|---|---|---|
| 1 | Gopi Hinduja and family | £35bn ▲ |
| 2 | Sir Jim Ratcliffe | £29.688bn ▲ |
| 3 | Sir Leonard Blavatnik | £28.625bn ▲ |
| 4 | David and Simon Reuben and family | £24.399bn ▲ |
| 5 | Sir James Dyson and family | £23bn |
| 6 | Lakshmi Mittal and family | £16bn ▼ |
| 7 | Guy, George, Alannah and Galen Weston and famil | £14.5bn ▲ |
| 8 | Charlene de Carvalho-Heineken and Michel de Carvalho | £13.122bn ▲ |
| 9 | Kirsten and Jorn Rausing | £12bn |
| 10 | Michael Platt | £11.5bn ▲ |
The List further includes a collection of noteworthy individuals and families who have experienced substantial shifts in their wealth over the preceding year. For instance, the fortune of the Hinduja family has witnessed an upsurge of over £6 billion, while Sir Jim Ratcliffe has seen his wealth escalate by £2.9 billion. Conversely, Lakshmi Mittal and his family have seen a decrease in their wealth by £1 billion, and the wealth of Sir James Dyson and his family has maintained a consistent level.
The Sunday Times Rich List serves as a vital tool for understanding wealth distribution within the UK. It offers a glimpse of the wealthiest individuals in the country and underlines the trends shaping the UK’s economic fabric. The List also serves as a stark reminder of the uneven distribution of wealth, highlighting the fact that a small percentage of the population controls a disproportionately large share of the wealth.
Source: The Sunday Times Rich List 2023 revealed
