Billionaires fall as King rises in latest Sunday Times Rich List
- The Sunday Times Rich List 2025 shows the biggest fall in UK billionaires with the number dropping to 156 from 165 last year.
- This decline comes after Chancellor Rachel Reeves eliminated the UK’s non-domiciled tax status earlier this year, diminishing the incentives for wealthy international individuals to live in the country.
- King Charles’s personal fortune rose by £30 million to £640 million, surpassing the combined wealth of Rishi Sunak and Akshata Murty and exceeding David and Victoria Beckham’s £500 million wealth.
- The King ranks joint 238th among the UK’s 350 richest, benefiting from the investment portfolio and private estates inherited from Queen Elizabeth II, whose wealth was estimated at £370 million in 2022.
- The individual responsible for assembling the Rich List noted a decline in both the number of billionaires and their total wealth, highlighting significant worries expressed by entrepreneurs and long-established family businesses regarding recent tax reforms.
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37 Articles
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Reeves Non-Dom Abolition Blamed for Record-Breaking Drop in UK Billionaires
The Sunday Times Rich List of the UK’s 350 richest people has just been released, revealing the UK has seen the biggest drop in billionaires in the list’s 37-year history. The finger is being squarely pointed at Reeves… The overall number of billionaires in the UK has fallen to 156 down from 165 last year.[…] Read the rest
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