Rich List 2024: Who are the wealthiest people in the UK? (2024)

FAQs

Rich List 2024: Who are the wealthiest people in the UK? ›

British exodus

There are currently 602,500 millionaires in the U.K., according to Henley, but the country has lost 8% of its millionaire population since 2013.

British exodus

There are currently 602,500 millionaires in the U.K., according to Henley, but the country has lost 8% of its millionaire population since 2013.

The wealthiest 10% of households held 43% of all the wealth in Great Britain in the latest period; in comparison the bottom 50% held only 9%. The richest 1% of households were those whose total wealth was more than £3.6 million (Figure 2). The least wealthy 10% of households had wealth of £15,400 or less.

The 76-page special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide's 36-year history, from a peak of 177 in 2022 to 165 this year.

The median average household net worth in Great Britain was £302,500. The median average household net worth in the South East was £503,400. Households, where the head was retired, are the wealthiest group, with a median average wealth of £489,300.

With more than one fifth of its land being covered by trees, Surrey in South East England is the most densely-wooded county in UK and also the richest one.

Yes, four people. In their own words: “As with last year, the 2020 compilation of Britain's 1,000 wealthiest people consists of 85 entrants from ethnic minority backgrounds. Beneath this headline figure, there is a glaring imbalance – 81 of the non-white Rich Listers are Asian, while just four are black.

Moving into 2024 here's how it stands:

The median income was £565 per week or £29,380 per year. Anyone making more than that per year (and this is net, not gross) is in the top 50% of earners in the UK. The top 5% earn £7,251 per month or more. That's shockingly only £87,012 per year.

What is a great income in UK? ›

Earning a 50k salary in the UK can generally be considered a good income for a comfortable lifestyle. It provides the means to cover living costs, including housing, utilities, transportation, and leisure activities. Additionally, it allows for saving towards long-term goals and financial security.

China has 814 billionaires, the most in the world, according to the Hurun Global Rich List 2024. Despite holding on to the top spot, China lost 155 billionaires year-over-year, while the U.S. gained 109. The gap between the two countries has now reduced to just 14 billionaires.

There is no precise definition of a high net worth individual. In the UK, Her Majesty's Revenue and Customs (HMRC) amended their definition of a High Net Worth Individual in 2016 and anyone with assets valued in excess of £10 million was categorised as such. The previous threshold was £20 million.

The top 10% of households have an average equivalised net property wealth of £480,000, while 33% of households have no property wealth. More details about how these data have been equivalised are available.

King Charles III's net worth has increased by $12.5 million (£10 million) over the past year, bringing his total net worth to approximately $772 million (£610 million) according to the newly-published 2024 Sunday Times Rich List, which ranks the 1,000 wealthiest people or families resident in the U.K. Charles is ranked ...