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.
The US has lost its final AAA credit rating after Moody’s downgraded the country to Aa1, citing growing deficits and mounting debt as risks to long-term fiscal health.
A leaked internal report shows the Canadian military is losing new recruits at more than twice the average rate, as frustration grows over training delays and the inability to get into desired roles.
Afghanistan and Russia signed five agreements on Friday covering transport, trade, and energy cooperation.
Nine inmates remain on the run after a dramatic escape from the Orleans Justice Center in New Orleans early Friday, with officials warning the public to stay alert and consider the fugitives “armed and dangerous.”
British Foreign Secretary David Lammy and Pakistani Foreign Minister Ishaq Dar met Friday to address the recent flare-up between Islamabad and New Delhi.
Two North Korean fishermen picked up by South Korean patrols in March remain stranded in the South as Pyongyang refuses to respond to requests for their return.
The US has lost its final AAA credit rating after Moody’s downgraded the country to Aa1, citing growing deficits and mounting debt as risks to long-term fiscal health.
A leaked internal report shows the Canadian military is losing new recruits at more than twice the average rate, as frustration grows over training delays and the inability to get into desired roles.
Afghanistan and Russia signed five agreements on Friday covering transport, trade, and energy cooperation.
Nine inmates remain on the run after a dramatic escape from the Orleans Justice Center in New Orleans early Friday, with officials warning the public to stay alert and consider the fugitives “armed and dangerous.”
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
The European Bank for Reconstruction and Development (EBRD) has approved a trade finance line of up to $5 million (€4.4 million) for Unibank under its Trade Facilitation Programme (TFP). The agreement, signed during the EBRD’s 2025 Annual Meeting in London.
Vietnam has approved a $1.5 billion project by the Trump Organization and Kinhbac City to build golf courses, resorts, and homes. Work is set to begin this quarter and finish by mid-2029.
S&P says easing tariff tensions between the US and China has improved macroeconomic conditions by lowering uncertainty, boosting markets, and reducing risks, though global trade challenges still weigh on credit conditions.
The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU), is enhancing access to finance for micro, small, and medium-sized enterprises across Central Asia and Mongolia.
Richemont, owner of brands like Cartier and Van Cleef & Arpels, posted better-than-expected quarterly sales, despite global economic uncertainty.
Two North Korean fishermen picked up by South Korean patrols in March remain stranded in the South as Pyongyang refuses to respond to requests for their return.
The US has lost its final AAA credit rating after Moody’s downgraded the country to Aa1, citing growing deficits and mounting debt as risks to long-term fiscal health.
A leaked internal report shows the Canadian military is losing new recruits at more than twice the average rate, as frustration grows over training delays and the inability to get into desired roles.
Afghanistan and Russia signed five agreements on Friday covering transport, trade, and energy cooperation.
Nine inmates remain on the run after a dramatic escape from the Orleans Justice Center in New Orleans early Friday, with officials warning the public to stay alert and consider the fugitives “armed and dangerous.”
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