Sunday Times Rich List 2022 Release Date: The aggregate fortune of Britain’s super-rich has climbed by 8% to a record £710 billion, according to this year’s Sunday Times Rich List. Even while the cost of living for millions of households grows at the quickest rate in 40 years, this year’s data reveals that a golden period for the super-Wealthy continues unabated.
There are 177 UK billionaires in the 34th annual rankings, six more than in 2021. The top 250 people on this year’s Rich List already outnumber the top 1,000 on the previous year’s list combined. The huge war chests of private equity funds and a strong stock market have both contributed to this year’s success.
According to Forbes Magazine, who are the wealthiest persons in Scotland this year?
Moreover, a quarter of the total wealth is held by the richest person on the list. The Sunday Times Magazine releases a 68-page special edition documenting the fortunes of the country’s 250 wealthiest residents in its 34th annual edition. The United Kingdom now has a total of 177 billionaires, six more than in 2021. Billionaire wealth in the UK increased by 9.4% this year to £653.122 billion, up from £55.853 billion the previous year. The richest 250 people in the United Kingdom own a total of £710.723 billion this year, up from £658.089 billion in 2021, representing a rise of 8%.
There are ten billionaires at the top of the Scottish Rich List in 2022, with a combined wealth of £23.054 billion. More than a quarter of this is controlled by number one on the list. Jim McColl, 70, the head of Clyde Blowers, the East Kilbride engineering firm, has lost his Rich List billionaire title. His net worth is now £996 million, down £4 million due to a drop in the value of his investments. JK Rowling, the author of the Harry Potter series and a resident of Edinburgh, is worth £850 million and is rated 12 in Scotland. Since 2021, she has amassed an additional £30 million in wealth.
The whole list can be found in the Sunday Times
Anders Holch Povlsen, 49, is the richest person in Scotland in 2022, with a net worth of £6.5 billion, up to $500 million from the previous year. He is currently Scotland’s largest landowner, owning over 220,000 acres. Bestseller, a Danish fashion shop, and Asos, a British online fashion retailer, are both owned by Holch Povlsen, who owns around a quarter of the company. According to the Sunday Times Rich List, the richest Britons in 2022 would be billionaire brothers Sri and Gopi Hinduja.
According to the yearly list of the world’s wealthiest people, the Hinduja Group’s conglomerate added more than $11 billion to its fortune. Dyson vacuum pioneer James Dyson and his family have surged to second place with a gain of £6.7 billion to £23 billion. Property speculators David and Simon Reuben came in third with £22.26 billion, while Ukrainian-born Sir Leonard Blavatnik dropped to fourth. Following Russia’s invasion of Ukraine, the assets of Roman Abramovich, Alisher Usmanov, and Mikhail Fridman, as well as other Russians, slipped out of the top 20. Two Salford men made the top ten on the Sunday Times Rich List, which lists the wealthiest people in the North West.
Germany’s Chancellor Rishi Sunak is this year’s top politician. When he and his wife Akshata Murty made the list, their combined net worth was estimated to be $730 million, with Ms. Murty having a 690 million-pound stake in the IT services firm he and his wife oversee. The number of billionaires in the United Kingdom has risen to 177, up from 2021 the previous year. It comes at a time when ordinary British people are feeling the pinch of inflation, which reached a 40-year high of 9% in April. According to the Sunday Times, the UK’s wealthiest 250 persons are worth £710.72 billion this year, up 8% from the previous year.
The top 20 wealthiest people in the United Kingdom are:
“Compared to the rest of the UK’s wealthiest, the fortunes of half of this year’s 10 Scottish billionaires have declined over the past year,” said Robert Watts, the compiler of The Sunday Times Rich List. “The country’s ten billionaires’ combined wealth is still rising, with over 2& in 2021.” Businesses are finding it increasingly difficult to operate due to rising pricing and market disruptions caused by the crisis in Ukraine.”
- The Hinduja family is estimated to be worth £28.47 billion.
- Sir James Dyson and his family have a fortune of £23 billion.
- £22.26 billion for David and Simon Reuben and their family.
- The net worth of Mr. Leonard Blavatnik is reported to be approximately $20 billion.
- Guillaume Pousaz has a fortune of £19,626 million.
- Lakshmi Mittal and the Mittal family – £17 billion
- Christoph Henkel and his family will receive £15 billion.
- Guy Weston, his siblings George and Alannah, and their father Galen have acquired a total of £13.5 billion.
- Kirsten and Jorn Rausing estimate a total of £12 billion.
- Charlene and Michel de Carvalho have a combined net worth of £11.42 billion.
- Michael Platt is set to inherit a £10 billion fortune.
- $10 billion Alisher Usmanov
- The Duke of Westminster and the Grosvenors are worth $9.73 billion.
- Merlin and Barnaby Swire and their families will receive £9.6 billion.
- Lisbet, Sigrid, and Hans Rausing are worth $9.49 billion in total.
- Anil Agarwal is worth $9.2 billion dollars.
- £8.64 billion Coates family fortune Peter, Denise, and John
- John Fredriksen’s family is worth £8.31 billion.
The Hinduja brothers top the Sunday Times Rich List for 2022, with a combined wealth of £28.47 billion. The Hinduja Group, based in Mumbai, is led by the brothers and encompasses businesses in the automotive, oil, chemicals, banking, information technology, and media industries. Sri and Gopi Hinduja’s net wealth has climbed by more than £11 billion since the year 2021.
If that’s the case, how much will the Issa Brothers pay for Boots?
Mr. Sunak recently cautioned that “the next few months will be tough” due to increased living costs, and the Sunaks are currently rated 222nd on the list. The couple is worth a combined £730 million, and their riches have been scrutinized. Ms. Murthy’s non-domicile status in the UK meant she was not legally compelled to pay tax on her international earnings in the UK. Her father founded Infosys, an Indian IT firm, and it was recently discovered that she received $11.6 million in dividends last year.
Ms. Murthy’s non-dom status meant she wouldn’t have had to pay UK tax at the rate of 39.35 percent on the dividends she earned. She insisted on paying taxes on all of her UK income as an Indian citizen, claiming that her status was required because of this. “Rishi Sunak and his wife making the Rich List is a tough pill to swallow from a man in charge of the country’s purse strings – when so many people have been thrown into poverty due to the current cost of living crisis,” one Twitter user said.
To expand the company internationally, the sons invested in everything from transportation and banking to IT and media. With a family fortune of £23 billion, Sir James Dyson, the inventor of the Dyson vacuum cleaner, comes in second. With £22.26 billion, British-born Indian businessmen and property speculators David and Simon Reuben came in third. Chancellor of the Exchequer Rishi Sunak and his wife Akshata Murthy became the first MPs to appear on the Sunday Times Rich List 2022.
