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.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over t...
One person has been killed and six others injured after an explosion at a petroleum storage facility at the Port of Rotterdam, prompting an investi...
The suspension of two major grain terminals in Russia’s Black Sea port of Novorossiysk could increase pressure on Kazakhstan’s agricult...
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
Russia has accused Ukraine of threatening global grain supplies after recent strikes on Black Sea agricultural infrastructure, while Moscow carried out a new overnight attack on Ukraine’s major Danube port of Izmail.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment