The Sunday Times Rich List 2023 – Who are the top billionaires in the UK?

Wealth & Lifestyle
The Sunday Times Rich List 2023 - Who are the top billionaires in the UK?

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:

1Gopi Hinduja and family£35bn ▲
2Sir Jim Ratcliffe£29.688bn ▲
3Sir Leonard Blavatnik£28.625bn ▲
4David and Simon Reuben and family£24.399bn ▲
5Sir James Dyson and family£23bn
6Lakshmi Mittal and family£16bn 
7Guy, George, Alannah and Galen Weston and famil£14.5bn 
8Charlene de Carvalho-Heineken and Michel de Carvalho£13.122bn 
9Kirsten and Jorn Rausing£12bn
10Michael 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

  • Adam Grant

    Adam Grant is a highly qualified writer with a solid educational background in finance, holding a Bachelor's degree in Economics and a Master's degree in Business Administration (MBA). With his expertise in financial matters and a deep understanding of investment principles, Adam shares his insights to educate readers on the importance of financial literacy and smart investing strategies. Additionally, he has pursued courses in health and wellbeing, allowing him to offer a holistic perspective on achieving overall wellness in conjunction with financial stability.

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