The British billionaire is falling in the middle of turbulence for the first time in years – Tradingview News

The number of billionaires in the United Kingdom has decreased for the first time in years because the global market turbulence and changes to the country's tax regime burden the richest people.

According to the Sunday Times Rich List 2025, the number of billionaires from 165 in 2024 has decreased to 156 and the sharpest decline in the 37-year history of the list.

The paper attributes the fall to the “falling fortune” and the departure of some people with a high network from Great Britain after the abolition of tax benefits for non-domed residents or “non-doms”.

The combined assets of the 350 richest of Britain fell 3% to 772.8 billion GBP last year and has been the third year of the decline in a row.

'Falling Fortunes', non-dom aid, market volatility require a tribute

The Sunday Times reports that many who were previously presented on the list have either declined due to a decline in their net assets, or the United Kingdom, in response to tax changes, which were introduced by conservatives and Labor governments last year.

Jeremy Hunt, then Chancellor, announced in March 2024 that many years of tax relief would be scrapped for non-domes.

Politicians had wealthy people who lived in Great Britain, made it possible not to pay tax on the income in overseas.

The move caused an immediate exodus, with at least one billionaire left the United Kingdom on the day of the announcement.

Rachel Reeves from Labor, now Chancellor, further tightened the guideline in her first budget, but later, they later mitigated aspects of the change to prevent the capital flight and withdraw high -earner.

Despite the adjustments, Robert Watts, who put together the list, stated a wider trend of super -rich people who kept away from Great Britain.

“Our billionaire counts and the combined wealth of those who can be seen in our research falls,” he said.

We also find that less the superrich of the world live in Great Britain.

Source: Evening Standard

Gopi Hinduja and family keep the top position despite the immersion

For the fourth time in a row, the rich list of Gopi Hinduja and his family, whose estimated assets are now at 35.3 billion GBP, is 37.1 billion GBP in 2024.

The decline is attributed to weaker reviews of the listed companies of the Hinduja group.

The conglomerate has a variety of sectors, including automobiles, finances, oil, IT, healthcare, real estate and the media.

David and Simon Reuben, who made their assets in real estate and technology, took a GBP of 26.8 billion GBP with a fortune of 26.8 billion GBP last year.

They overtook Sir Leonard Blavatnik, whose assets from 29.2 billion GBP went back to 25.7 billion GBP, which was particularly due to a decline in the Warner Music Group's share price.

King Charles climbs the ranking

One of the more eye -catching developments on the list is the increase in the wealth of King Charles III.

Last year, his assets increased by 30 million GBP to reach 640 million GBP and reach it on number 258.

This is 270 million GBP more than the estimated assets of his late mother, Queen Elizabeth II, who was worth £ 370 million at the time of her death.

Much of the king's wealth comes from the portfolio of investments he inherited from her.

Harry Styles, Dua Lipa among young millionaires who make the cut

Pop star Dua Lipa has become the youngest person who made it to the list.

The 29-year-old who published her third studio album Radical optimism In 2024 and Headlined Glastonbury, an estimated 115 million GBP is worth, which takes its 34th place for the sublist.

Other entertainers on the list are Harry Styles with an estimated assets of 225 million GBP, and Ed Sheeran, whose happiness is GBP 370 million and occupied him in 13th place.

Sportstars such as the Formula 1 champion Sir Lewis Hamilton and the co-owner of Manchester United, Sir Jim Ratcliffe, are also an outstanding role.

Sir Jim Ratcliffe, Alex Beard, see, among other things, the decline in assets

Among the remarkable falcons is Sir Jim Ratcliffe, who fell on the list from fourth to seventh place.

His assets fell from 23.5 billion GBP to 17 billion GBP, under weak market conditions and the increasing pressure on the chemicals and energyectors.

Similarly, the retailer Alex Beard has declined his stroke of luck by 224 million GBP to 991 million GBP.

Beard, formerly at Glencore, is also confronted with bribery fees in connection with the company's African business activities and is scheduled to stand in 2027.

Suneil Setiya and Greg Skinner, co-founder of the Hedge Fund Quadrature capital, are now also 980 million GBP worth £ 35 compared to the previous year.

Strive Masiyiwa, the Zimbabwische Telecommunications and technology entrepreneurs behind Econet, also rose from the billionaire class after his assets retired by £ 538 million.

Malcolm Healey, the founder of Wren Kitchens, experienced a particularly difficult year.

The net wealth of the Healey family has decreased by 600 million GBP to 901 million pounds and ended their course as the richest family of Yorkershire.

This distinction now belongs to the family of the shepherds, founders of Portakabin.

Growing examination of prosperity

The list has the demand for reforms of activists who argue that the extreme concentration of assets in Great Britain is both economically inefficient and socially harmful.

Luke Hildyard, Managing Director of the High Pay Center, said the list shows how “a small handful of very rich people have gritted an increasing proportion of the country's prosperity”.

“The confirmation of the super -rich more effective and ensuring that employees would receive more fairer wages would increase the standard of living all along the line,” he added.

“Although it is not easy to reform firmly anchored wealth, it is neither sensible nor sustainable.”