According to records, the UK’s richest people have suffered from tens of billions of pounds due to the pandemic of coronavirus as their combined annual wealth dropped for the first time in a decade but still, London manages to continue being the billionaire capital of the world.
The following is the list of the top 10 richest people in the UK:
1. Len Blavatnik
- Networth: $26.9B
- Age: 63
- Source of income: music, chemicals, Self Made
- Residence: London, United Kingdom
- Len Blavatnik earned his wealth by selling his stake in Russian oil company TNK-BP for $7 billion in 2013.
- He bought Warner Music in 2011 for $3.3 billion.
His investment firm Access Industries owns stakes in chemicals firm LyondellBasell, e-commerce firm Rocket Internet, and fashion label Tory He has dual citizenship of the U.S. and the U.K.
2. James Ratcliffe
- Networth: $18.2B
- Age: 67
- Source of income: chemicals, Self Made
- Residence: London, United Kingdom
Former chemical engineer James Ratcliffe is the founder, chairman, and majority owner of chemical powerhouse Ineos Group.
The London reside conglomerate offers everything from synthetic oils and plastics to solvents used to produce insulin and antibiotics.
It has also become one of the greatest parts in the U.K. shale sector after entering the market in 2014.
Its “Dragon Ships” behemoth 600-foot gas carriers, were the first to carry U.S. shale gas into Europe.
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3. Charlene de Carvalho-Heineken & family
- Networth: $17.1B
- Age: 66
- Source of income: Heineken
- Residence: London, United Kingdom
Charlene de Carvalho-Heineken is one of the wealthiest women in the world, because of her 23% stake in beer giant Heineken.
Now she is an executive director, she received the Heineken stake in 2002 from her late father Freddy Heineken who was the longtime CEO.
Her husband Michel who is an investment banker is on Heineken’s supervisory board.
4. Jorn Rausing
- Networth: $15.3B
- Source of income: packaging
- Age: 60
- Residence: Surrey, United Kingdom
Jorn Rausing’s grandfather established Tetra Pak, which made aseptic packaging technology.
The packaging made it feasible to store drinks like milk and orange juice in cartons instead of glass bottles.
His late father, Gad, bought out Jorn’s uncle Hans in 1995 for an approximated $7 billion.
Jörn and his two siblings Kirsten and Finn hold equal stakes in TetraLaval and remain on the board of the parent company.
Rausing also holds a piece of online grocery retailer Ocado and, with his siblings, a stake in International Flavors & Fragrances.
5. Hinduja brothers
- Networth: $13.7B
- Source of income: diversified
- Residence: London, United Kingdom
Four siblings, Srichand, Gopichand, Prakash, and Ashok, power multinational conglomerate the Hinduja Group.
Their group of businesses varying from trucks and lubricants to banking and cable television.
The brothers hold high-priced real estate in London, including the historic Old War Office building in Whitehall, which will house a Raffles Hotel.
In June 2020, a U.K. court filing disclosed a conflict between the eldest Srichand with his three younger brothers over the possession of a Geneva bank.
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6. Kirsten Rausing
- Networth: $13.2B
- Age: 68
- Source of income: packaging
- Residence: Newmarket, United Kingdom
Kirsten Rausing holds a third of packaging company TetraLaval and be part of the board mutually with her brothers Finn and Jörn.
Kirsten’s grandfather established Tetra Pak, which made aseptic packaging technology that made it possible to store beverages like milk and orange juice in a carton rather than glass bottles.
7. Gerald Cavendish Grosvenor & family
- Networth: $13B
- Source of income: real estate
- Residence: United Kingdom
Gerald Cavendish Grosvenor, the 6th Duke of Westminster and Britain’s richest landowner, died at age 64 on August 9, 2016. At the time of his death, he was listed as the 114th richest person in the world.
Since then, his family has increased its wealth by buying large swaths of land over the globe. At present, the business owns assets on five continents and reports more than $15 billion in assets under management
8. Lakshmi Mittal
- Networth: $11.8B
- Age: 70
- Source of income: steel
- Residence: London, United Kingdom
Lakshmi Mittal serves as chairman and CEO of $70.6 billion ArcelorMittal which is the world’s biggest steel and mining company by production.
Recognizing from a steel clan, he parted from his siblings to begin Mittal Steel then moved to merge the company with France’s Arcelor in 2006.
The company announced a net loss of $2.5 billion in 2019, due to lower steel prices and more expensive raw materials.
In 2019, Arcelor and Nippon Steel made their $5.9 billion purchase of Essar Steel, once controlled by billionaires Shashi and Ravi Ruia.
9. David Reuben
- Networth: $7.7B
- Age: 82
- Source of income: investments, real estate, Self Made
- Residence: London, United Kingdom
Brothers David and Simon Reuben made their wealth in real estate and technology.
In December 2016, they sold 49% of their data center business, GlobalSwitch, to a consortium of Chinese investors for nearly $3 billion.
The brothers are the Indian-based U.K. magnate, where David started selling metals and Simon imported carpets and bought real estate.
Their firm Transworld which was a metals trader, invested in Russia and Kazakhstan in the 1990s and was effective in trading aluminum.
10. James Dyson
- Net Wealth: $6.6B
- Age: 73
- Source of income: VACUUMS, Self Made
- Residence: Gloucestershire, United Kingdom
Dyson’s famous range of intelligent air purifiers declares to have used the data to create the most perfect picture of indoor air quality worldwide.
Dyson created the bagless vacuum cleaner. His first-ever discovery was the Ball barrow, a remodeled version of a wheelbarrow using a ball rather than a wheel, which he later implemented into some of his Dyson vacuum-cleaner designs.
These richest people in the UK have earned their fortune through hard work and intelligence and made themselves among the top of the UK wealthiest people.