Sunday Times Rich List 2022: UK has record number of billionaires Business News

The UK has a record total of 177 billionaires, according to the Sunday time Rich list 2022.

This figure is up six from the previous annual ranking of the richest countries.

The total wealth of British billionaires has also reached an all-time high, according to the latest Rich List.

In 2022, this amounted to £653 billion. This was compared to £597.3bn the previous year and £490.7bn before that.

The Sunday Times also found that the wealth of the UK’s richest 250 this year was higher than the combined wealth of the top 1,000 entries five years ago.

Richard Burgon, a Labor MP who served in Jeremy Corbyn’s shadow cabinet, has called for a “wealth tax on the super-rich” in light of the latest findings.

The new rich list was dominated by Sri and Gopi Hinduja and their family, with a net worth of £28.472 billion – the highest in the list’s 34-year history. Their wealth comes from a variety of sources, including oil, finance, IT, and real estate.

In second place was entrepreneur Sir James Dyson and his family with a net worth of £23billion. That was up £6.7bn from the previous year when they secured fourth place.

Ukrainian-born business tycoon Sir Leonard Blavatnik with £20bn and steel tycoon Lakshmi Mittal and his family with £17bn were also among the top entries.

Lakshmi Mittal and her family were also among the UK’s richest in 2022

(AFP via Getty Images) founder Guillaume Pousaz, 41, rose from 33rd to fifth on this list with a net worth of just under £19.3billion.

The Sunday Times Rich List 2022 also saw Rishi Sunak become the first frontline politician to receive a mention. The British Chancellor and his wife, Akshata Murty, entered the list with their fortune of £730million.

It comes after the couple faced scrutiny over the non-domicile status held by his wife – revealed by The Independent – to save on his tax bill. Ms Murty – the daughter of one of India’s wealthiest men – agreed to pay all UK tax on foreign income after the disclosure.

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This notice was published: 2022-05-20 09:34:53

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