The number of billionaires in the UK has dropped for the second year in a row, hitting the lowest level in over a decade, according to The Sunday Times Rich List 2025.
The Sunday Times reported on Friday that the UK now has 156 billionaires, down from 165 in 2024 - marking the steepest decline since the Rich List began in 1989.
The top spot was once again claimed by businessman Gopi Hinduja and family, whose wealth stands at £35 billion. They were followed by the Reuben brothers with £26.87 billion, and Leonard Blavatnik at £25.73 billion.
The paper attributes the decline to volatile stock markets and new tax policies introduced by the Labour government, including the scrapping of the "non-dom" tax exemption for wealthy foreigners. This may have influenced several high-profile billionaires to exit the UK.
Notable absentees from the 2025 list include French luxury tycoon François-Henri Pinault and his wife Salma Hayek, the Fayed family, and South African diamond magnate Nicky Oppenheimer.
Meanwhile, King Charles' fortune rose by £30 million to £640 million, placing him at 258th. Former prime minister Rishi Sunak and his wife Akshata Murty ranked 238th. U.S. TV host Ellen DeGeneres entered the list at 363rd place with a £363 million fortune, following her relocation to the scenic Cotswolds.
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The United Nations on Friday voiced serious concern over the deteriorating humanitarian situation in Sudan, warning that rising violence is increasingly affecting civilians.
U.S. authorities say they have thwarted an ISIS‑inspired terrorist attack planned for New Year’s Eve in the town of Mint Hill, North Carolina, arresting an 18‑year‑old suspect just hours before the alleged assault was due to take place.
Russian athletes will not be allowed to represent their country at the Milano Cortina Winter Olympics even if a peace deal is reached with Ukraine, International Olympic Committee President Kirsty Coventry said in an interview with an Italian newspaper.
At least 47 people were killed and 112 injured after a fire broke out at a crowded bar in the Swiss ski resort town of Crans-Montana during New Year’s Eve celebrations, Italian Foreign Minister Antonio Tajani told Italian media on Thursday.
India has approved a major arms deal with Israel valued at approximately $8.7 billion, highlighting the deepening defence partnership between the two countries.
A 6.5-magnitude earthquake struck southern Mexico early on Friday, killing at least two people and causing damage in Guerrero state.
India and Pakistan on Thursday exchanged lists of nuclear facilities as well as civilian prisoners, under long-standing bilateral agreements, according to official statements from both countries.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
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