Sunday Times Rich List 2022: Sunaks join wealthy elite as UK billionaires swell to record level (2024)

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Sunday Times Rich List 2022: Sunaks join wealthy elite as UK billionaires swell to record level? ›

The UK now has a record number of billionaires with 177, according to the new Sunday Times Rich List. That's up six from 2021 - and the combined wealth of the UK's billionaires stands at £653bn, up more than £55bn (9.4%) on the total wealth of the billionaires in last year's Rich List.

The 68-page special edition of The Sunday Times Magazine reveals there are 171 billionaires in the UK this year, down 6 from 2022. Wealth shared by UK billionaires climbed to £683.856 billion, £30.734 more than in last year's Rich List.

The Duke of Westminster is the richest Duke with an estimated worth of £12 billion - he is also the world's richest person under 30!!

Median total wealth for individuals in Great Britain was estimated to be £125,000 between April 2018 and March 2020. The mean was higher at £305,000, reflecting the uneven distribution of wealth across the population.

Taylor Swift, who became a billionaire late last year, was included on the annual Forbes Billionaires List for the first time Tuesday, joining 13 other celebrities, who have a collective estimated net worth of $31 billion.

Households, where the head was retired, are the wealthiest group, with a median average wealth of £489,300. To be one of the richest 1% in Great Britain, your household wealth needs to be at least £3.6m. The 10% least wealthy households in Great Britain have a household wealth of £15,400 or less.

Reigning supreme is Denise Coates, the CEO and founder of Bet365—a betting powerhouse—and Britain's wealthiest woman.

What is the Sunday Times rich list? ›

The Sunday Times Rich List is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth.

Sunak, a former hedge fund manager and reputedly the UK's wealthiest ever prime minister, and his heiress wife, Akshata Murty, have an estimated worth of about £529m in the latest Sunday Times rich list, a fall from £730m in 2022.

The compilers of the Rich List measure identifiable wealth, whether land, property, racehorses, art or significant shares in publicly quoted companies. We exclude bank accounts to which we have no access and small shareholdings in a private equity portfolio.

Rishi Sunak will become the wealthiest ever prime minister of the U.K., with his family's personal fortune surpassing even that of the royals.

The Spencer-Churchill family of England is one of the most famous noble lines, melding two strands of the British aristocracy – the Spencers and the Churchills, and incorporating such legendary titles as the Duke of Marlborough, the Earl of Sunderland and the Marquess of Blandford.

The present holder of the title is Hugh Grosvenor, the 7th Duke, who inherited the dukedom on 9 August 2016 on the death of his father, Gerald.

While undoubtedly cushioned from the worst effects of these crises, the country's millionaire population has still taken a hit: just 4.8% of British adults (2,556,000 people) had seven figures to their name in 2022, down from 5.4% in 2021.

Latest figures from Credit Suisse in 2021 show there are approximately 685,500 Britons in the richest 1%, with a total wealth of $3.4 trillion (£2.8 trillion). In comparison, approximately 48 million Britons, 70 per cent of the population, have a total wealth of $2.9 trillion (£2.4 billion).

The UK has a wealth GINI coefficient of 74.6%. Over 50% of UK's adult population has more than USD 97,169 wealth, as of 2018. With 2,849 dollar millionaires resident as of 2021, the UK is home to around 4.6% of all millionaires globally.

UK: $3.3 million (£2.6m)

A net worth of $3.3 million (£2.6m) or higher will get you into the UK's 1% club. That's just over 10% of the amount required to become an UHNWI. In the UK, the super-rich are only getting richer.