The number of billionaires in the UK has experienced a decline for the third consecutive year, dropping from a peak of 177 in 2022 to 165 in the current year. Robert Watts , the compiler of the rich list, suggests that Britain's billionaire boom may have reached its zenith. Topping the list once again are Gopi Hinduja and his family, who oversee the renowned Indian conglomerate Hinduja Group . Their wealth has ascended to 37.2 billion pounds from 35 billion pounds in the previous year.However, not all prominent billionaires have experienced growth in their fortunes. Sir Jim Ratcliffe , Manchester United investor and Ineos founder, witnessed the most significant decline, with his net worth plummeting by over 6 billion pounds to 23.52 billion pounds.Similarly, Sir James Dyson saw his wealth diminish to 20.8 billion pounds from 23 billion pounds, while Sir Richard Branson's fortunes dwindled to 2.4 billion pounds from 4.2 billion pounds, owing to challenges faced by his company, Virgin Galactic , throughout the year, iTV reported.


Source:   The Times
May 18, 2024 04:51 UTC