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The number of UK billionaires has fallen from 2022 - but their combined wealth has risen by 4.5%

The 2023 Sunday Times Rich List has been announced, with 171 billionaires recorded in the UK this year. This year’s list of the wealthiest people in the UK see’s INEOS CEO and potential future owner of Manchester United, Jim Ratcliffe, shoot up the rankings to second.

While the number of UK billionaires is down six from 2022, the overall combined wealth has risen 4.5% on last year’s figure, now standing at £683.856 billion. The young rich list is led by the Duke of Westminster who, at 32, oversees real estate in 43 cities across ten countries.

Rich List 2023: Wealthiest people in the UK, according to Sunday Times