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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