Sunak and wife ‘lost £500k a day’ last year – as UK’s richest billionaires revealed

Business

Prime Minister Rishi Sunak and his wife lost an average of £500,000 a day over the past year, according to The Sunday Times Rich List.

The couple are estimated to be £201m poorer due a fall in the value of Akshata Murty’s stake in her father’s IT firm – but are still worth a reported £529m.

Top of the pile again are Gopi Hinduja and family, who have seen their wealth increase £6.53bn to £35bn.

It is the largest fortune ever recorded in the list and comes after the head of the family, 87-year-old Srichand Hinduja, died this week.

The Hindujas’ company, which spans much of the world, deals with everything from banking and oil to automotive groups, healthcare and cybersecurity.

Ineos chairman Jim Ratcliffe arrives for the annual Red Cross Gala in Monte Carlo, July 18, 2022. REUTERS/Eric Gaillard
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The Ineos boss is up an eyewatering £23.6bn to £29.69bn.

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Sunday Times Rich List 2022

However, it is not good news for one of the UK’s best-known billionaires, Sir Richard Branson, whose wealth is down £1.79bn – or more than 40%.

It is said to be mainly down to the falling share price of his space tourism and satellite divisions.

Sir Richard Branson, Founder of Virgin Galactic, is interviewed on the floor of the New York Stock Exchange, Monday, Oct. 28, 2019. (AP Photo/Richard Drew)
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It was not a good year for Sir Richard, whose wealth dropped more than 40%

Virgin Orbit’s first mission from Cornwall in January failed and the venture is now scrambling to avoid bankruptcy.

For the first time in 14 years, the number of billionaires in the UK has actually fallen – down six to 171, according to The Sunday Times.

Others in the top 20 include familiar names such as inventor Sir James Dyson – the country’s fifth richest with £23bn; Primark owners the Weston family – number seven with £14.5bn; and Bet365 owners Denise Coates and family – 16th with almost £8.8bn.

bet365 Chief Executive Denise Coates with her Commander of the British Empire (CBE) medal which was presented by the Prince of Wales during an Investiture ceremony at Buckingham Palace, central London 15/5/2012
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Denise Coates and family have amassed over £8bn through Bet365

Former Chelsea owner Roman Abramovich does not appear in the 2023 chart as he no longer lives in the UK.

This year’s expanded list includes 350 people and families, with a minimum of £350m needed to be included.

David and Victoria Beckham, Sir Elton John and Lord Lloyd Webber are among other famous names who make the cut.

The Sunday Times says its list is based on identifiable wealth including land, property, other assets such as art, or significant shares in publicly quoted companies – but excludes bank accounts.

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