Sunday Times Rich List: The 20 wealthiest people in UK

Kieran Isgin

27 June 2024 at 11:00 am·6-min read

Gopichand Hinduja court case — -Credit: (Image: PA Archive/PA Images)

The latest list of Britain's top wealthiest people in 2024 has been revealed.

The Sunday Times' latest Rich List once again features Gopi Hinduja at the top for the third year in a row with his fortune increasing by more than £2 billion. However, not everyone was as fortunate as the number of billionaires has dipped for the second year in a row, going from 171 to 165.

Whereas in 2022, the number of billionaires in the country peaked at 177. Here are the 20 richest people and families in the UK, according to the Rich List:

1. Gopi Hinduja and family - £37.2 billion

At Ease Appeal — Britain's richest family amassed their fortune through the Hinduja Group conglomerate -Credit:PA Archive/PA Images

The richest family in Britain amassed its wealth from the Mumbai-based conglomerate Hinduja Group, which operates across various business sectors including banking and finance, media and entertainment, and energy, employing about 200,000 staff globally.

The family's fortune is the largest ever documented on the list.

2. Sir Leonard Blavatnik - £29.25 billion.

The second-wealthiest Briton is a Ukrainian-born business tycoon and philanthropist who accumulated his wealth in Russia.

He took Warner Music public in June 2020 after purchasing it in 2011.

3. David and Simon Reuben and family - £24.98 billion

The billionaire siblings earned their wealth through property and technology via their private equity and investment firm Reuben Brothers.

The brothers were born in Mumbai and brought up in the UK.

4. Sir Jim Ratcliffe - £23.52 billion

TCS London Marathon 2024 — Sir Jim Ratcliff -Credit:PA Wire/PA Images

Manchester United part-owner Sir Jim Ratcliffe, who is the founder and chairman of global chemicals company Ineos, could be compelled to sell his stake in the club by the Glazers next year. The Manchester-born businessman took control of football operations at the club after acquiring a minority stake in February this year.

However, he has slipped from second to fourth place in the wealth rankings after his fortune declined by more than £6 billion.

5. Sir James Dyson and family - £20.8 billion

Sir James Dyson libel case — Sir James Dyson -Credit:Gareth Fuller/PA

English inventor and entrepreneur Sir James Dyson, best known for founding technology firm Dyson and inventing the cyclone bagless vacuum cleaner in the 1970s, has since ventured into the beauty industry with his line of hair tools proving particularly popular.

6. Idan Ofer - £14.96 billion

Israeli billionaire businessman Idan Ofer, one of two sons of shipping magnate Sammy Ofer, has interests in shipping, energy, and a minority stake in Spanish football club Atletico de Madrid. His father, who passed away in 2011, was once Israel's richest man.

7. Lakshmi Mittal and family - £14.92 billion

Soccer Sky Bet Championship Play Off Final Derby County v Queens Park Rangers Wembley Stadium — Queens Park Rangers co-owner Lakshmi Mittal -Credit:Mike Egerton/PA

Indian-born Mr Mittal is the chairman of ArcelorMittal, a multinational steel company based in Luxembourg and the largest steel manufacturer in Europe, North and South America, owns mansions on Kensington Palace Gardens, one of the most expensive streets globally, and is a co-owner of Queen's Park Rangers football club.

8. Guy, George, Alannah and Galen Weston and family - £14.49 billion

The Weston family gained their fortune primarily through investments in retail. They hold a stake in Associated British Foods, which owns Primark and produces sugar, run by son George Weston.

9. John Fredriksen and family - £12.87 billion

John Fredriksen is a Norway-born shipping magnate who owns oil tankers and has investments in fish farming, dry bulkers and deepwater drilling rigs.

10. Kirsten and Jorn Rausing - £12.63 billion

Kirsten Rausing also benefited from inheritance, with a stake in her grandfather's packaging business Tetra Laval, which revolutionised storing drinks like milk and orange juice in cartons over glass bottles. The Swedish businesswoman is heavily involved in horse racing, and her husband Jorn Rausing co-owns Tetra Laval.

11. Alex Gerko - £12.05 billion

The Moscow-born mathematician founded algorithmic trading company XTX Markets in 2015, which quickly expanded in the UK and has offices worldwide, including in New York City, Paris and Mumbai.

12. Michael Platt - £12 billion.

Michael Platt, a financier from Preston, is the co-founder and CEO of BlueCrest Capital Management, one of the world's largest and most successful investment firms.

13. Charlene de Carvalho-Heineken and Michel de Carvalho - £11.75 billion

Charlene de Carvalho-Heineken, a Dutch businesswoman, is one of the wealthiest women globally after inheriting nearly a quarter stake in beer giant Heineken from her late father Freddy Heineken.

Her husband and former Olympic skier, Michel de Carvalho, serves on the company's board.

14. The Duke of Westminster and the Grosvenor - £10.13 billion

Hugh Grosvenor, 33, is the seventh Duke of Westminster and became an instant billionaire when he inherited his title and control of the historic Grosvenor Estate from his father in 2016.

He was named the richest person under 40 in this year's Sunday Times Rich List.

15. Barnaby and Merlin Swire and family - £9.986 billion

The Swire family's wealth originates from the Swire Group, a global business that spans property, transport and industrials. Eton-educated chairman Barnaby Swire and his cousin Merlin Swire, both sixth-generation descendants of the group's founder, are at the helm.

16. Marit, Lisbet and Sigrid Rausing - £9.19 billion

Marit Rausing is the widow of Hans Ruasing, who expanded the Tetra Pak packaging business founded by his father in 1944.

Lisbet and Sigrid are their children.

17. Carrie and Francois Perrodo and their family - £9.17 billion

Carrie Perrodo, born in Singapore, inherited one of the world's largest family-owned oil companies, Perenco, after the death of her husband Hubert Perrodo in 2006.

Her son, amateur racing driver Francois Perrodo, is now the chairman of Perenco.

18. Nicky Oppenheimer and his family - £7.94 billion.

Nicky Oppenheimer parted ways with his family's stake in De Beers, the world's leading diamond producer, in 2012. He was the third generation of his family to manage De Beers, taking the company private in 2001.

19. Lord Bamford and family - £7.65 billion

Lord Bamford is at the helm of JCB, a multibillion-pound construction equipment manufacturing company he inherited from his father, Joseph Cyril Bamford, in the 1970s. A significant political contributor, he also serves as the director of the Centre for Policy Studies think tank.

20. Denise, John and Peter Coates - £7.47 billion.

Denise Coates, born into a family that operated betting shops in Stoke-on-Trent, is the co-founder, majority shareholder and co-chief executive of Bet365, one of the world's largest online gambling companies. Her father, Peter Coates, and her brother, John Coates, who is also the joint-chief executive, are part of the business.

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