Rachel Reeves’ billionaire exodus sees major UK rich list shake up | UK | News
Britain’s richest have seen their fortunes change after a dramatic year for Britain’s super-rich. Sunday Times Rich List 2025 It reveals a record decline in the number of billionaires. The annual rankings show Britain lost more billionaires in the last 12 months than at any time since the list began; amid falling asset values, market uncertainty and growing concerns about tax changes introduced under Labour.
Many wealthy individuals have dropped off the list altogether, according to the Times, while others are no longer classified as UK-based after moving abroad. Chancellor Rachel Reeves’ decision to scrap non-domiciled tax status has been cited as a key factor behind immigration, with critics warning that the reforms are prompting both overseas investors and British entrepreneurs to reconsider their ties to the UK.
According to the latest Rich List, the six richest people in Britain are:
6. Guy, George, Alannah and Galen Weston and family
The Weston family comes sixth on the list, with an estimated fortune of £17.7bn. The Weston family is a powerful business dynasty with roots in Canada dating back to the late 19th century, when George Weston transformed a baking business into a vast food and retail empire. Over time the family expanded internationally, establishing major interests in the United Kingdom, Ireland and North America.
In Britain, the family’s assets are controlled by Wittington Investments, which also owns Primark’s parent company Associated British Foods, as well as high-end retailers Fortnum & Mason and Heal’s.
(Image: Getty)
5. Idan Ofer
Idan Ofer is the fifth richest person, with a fortune of around £20.1 billion.
Idan Ofer is an Israeli billionaire businessman born in 1955, known for his investments in shipping, energy, mining and sports.
Large companies such as Israel Corporation have shares, FC Famalicão has 85% shares and Atlético Madrid has 30% shares.
(Image: Getty)
4. Sir James Dyson and his family
Sir James Dyson and his family are among the UK’s fourth richest people, with a fortune of 20.8 billion. Best known for inventing the bagless vacuum cleaner and creating the iconic Dyson Airwrap, the company has a diverse portfolio that includes 36,000 acres of farmland supplying major retailers.
Dyson cut 1,000 jobs in the UK last year, but continues to expand globally and remains relatively unaffected by tariffs compared to rivals, the Times reported.
(Image: Getty)
