The Sunday Times announced the richest people based in the UK. The list included the famous J.K Rowling, author of the Harry Potter series and Elisabeth Murdoch, who is a British and American media executive based in the United Kingdom. This list was revealed at the time when the majority of Brits were feeling the burden of the cost of living crisis.
The billionaire brothers Sri and Gopi Hinduja made their place at the top of the list. They are the owners of the Mumbai-based conglomerate Hinduja Group. Report says that they own £28.47 billion together. Other key names that make it to the list include the names like Rishi Sunak and his wife Akshata Murty. Rishi SUnak is the Chancellor of the Exchequer and has a ranking at 222nd position out of the list of 250 people. Sunak is reportedly the richest serving MP in history and has a joint £730m of wealth.
Chelsea manager Roman Abramovich lost his position to 20 ranks on this years’ newspaper list. This downfall occurred because his wealth was believed to have been cut from £12 billion down to £6 billion. He was one of the Russian figures to have been hit with sanctions in light of the Russian war in Ukraine. Alisher Usmanov, the Uzbek-born Russian businessman and oligarch also saw a fall, from sixth to eleventh place, with a predicted wealth of £10bn this year.
Having a look at the list in terms of demographics, only seven people on the list were women and 116 of the richest people were men. The further 78 were listed under the grouping “man with family”. The most common primary source of wealth of these people in the list is the income generated through properties, with 43 percent of people on the list benefiting from it.