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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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Daily Mirror broke the news in London, United Kingdom on Friday, May 16, 2025.
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