The richest 1,000 people in the UK have been revealed and there are a record 151 billionaires on the list, with most based in London.
Brothers Sri and Gopi Hinduja are at the top of the chart with a wealth of £22bn from industry and finance, while the lowest fortune on the list is £120m.
Meanwhile, there are the richest people in Wales in 2019.
Robert Watts, who compiles the Sunday Times Rich List said: “On the face of it this looks like a bumper year for the super-rich, with record wealth, more billionaires and the entry level rising to £120m.
"But many of the rich are nursing big losses after a year of turbulence on the stock market and political deadlock in Westminster."
He said technology is "making and breaking fortunes", with young entrepreneurs making vast sums of money from online fashion retail, dating apps and creating YouTube videos.
But online shopping is still having a profound effect on UK high streets, with some well-known retailers seeing their fortunes drastically reduced.
Mr Watts said the examples of The Entertainer, Lush and Hotel Chocolat show it is still possible to build a fortune on the British high street.
The Sunday Times Rich List is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies.
There are a record 151 billionaires in this year's list – six more than were recorded in the 2018 edition.
The combined wealth of the billionaires reaches £524.843bn (up from £480.451bn last year, a 9.2% rise), and it takes £120m to make the richest 1,000, another record and a rise from £115m last year.
There are 95 Rich List billionaires based in London, which once again has the greatest number of billionaires of any city in the world.
1. Sri and Gopi Hinduja
Wealth: £22bn
Source: Industry and finance
Up £1.356bn on last year
The London-based siblings are topping the list for the third time after seeing their fortune increase by £1.356bn in the last 12 months.
Founded in Mumbai by their father in 1914, the Hinduja Group today has stakes in IT, energy, media, oil and gas, banking, healthcare and property.
The four sons, Sri, 83, Gopi, 79, Prakash, 73 and Ashok, 68, control more than 50 companies, which saw a total turnover of nearly £40bn in 2018.
Their property portfolio includes four interconnected houses in Carlton House Terrace and the War Office in Whitehall, bought by the brothers in 2014 with the aim of reopening it next year as a luxury hotel.
Alongside property interests, the brothers saw their Hinduja Automotive operation increase profits by 50% to hit £337m on £3.5bn turnover in 2017-18.
2. David and Simon Reuben
Wealth: £18.664bn
Source: Property and internet
Up £3.568bn on last year
Mumbai-born David, 80, and Simon, 77, bought £1bn worth of London property last year including the Curtain Hotel in Shoreditch and a £132m Piccadilly block.
Having made their fortunes from carpets, property and aluminium, the brothers sold a £2.1bn stake in their Global Switch data centres last July, with the enterprise preparing for a £9bn Hong Kong market float.
Their main operation showed assets of £7bn in 2017-18, with their Aldersgate, Hightower and Omaha companies displaying further assets of £5.7bn and paying dividends of £3.3bn.
3. Sir Jim Ratcliffe
Wealth: £18.15bn
Source: Chemicals
Down £2.9bn on last year
Sir Jim Ratcliffe drops to third place this year, having topped the 2018 Sunday Times Rich List.
The Mancunian chairman of Ineos oversees the annual sale of 60m tons of petrochemicals, with 17,000 employees across 16 countries generating profits of €2.288bn in 2018 for the UK arm of the empire.
This significant decrease from the €2.529bn of profits in the previous year cuts the company’s value to £30bn, decreasing Ratcliffe’s net worth by £2.9bn.
He owns a 60% stake in the company worth £18bn alongside £150m of assets including hotels, two superyachts and Swiss football club Lausanne-Sport.
He has promised £40m a year to Team Ineos, the cycling team previously known as Team Sky. However, Ratcliffe drew anger from many when he announced a move to Monaco this year, a relocation that could save up to £4bn of tax.
4. Sir Len Blavatnik
Wealth: £14.37bn
Source: Investment, music and media
Down £889m on last year
5. Sir James Dyson and family
Wealth: £12.6bn
Source: Household goods and technology
Up £3.1bn on last year
Brexit supporter Sir James Dyson recently announced the relocation of his company headquarters from Wiltshire to Singapore, arguing that the technology giant needed to be closer to its fastest-growing markets.
A bigger landowner than the Queen, Dyson saw profits climb to £1.1bn on £4.4bn sales in 2018, valuing his empire at £11bn.
Famed for his bagless vacuum cleaner, the Norfolk-born engineer has poured £200m into the Dyson Automotive Project, transforming two aircraft hangars into electric vehicle testing and development centres, alongside various forays into futuristic technologies and artificial intelligence.
Up by £3.1bn this year, Dyson climbs seven places to his highest-ever ranking, with a net worth of £12.6bn.
6. Kirsten and Jorn Rausing
Wealth: £12.256bn
Source: Inheritance and investment
Up £1.408bn on last year
7. Charlene de Carvalho-Heineken and Michel de Carvalho
Wealth: £12bn
Source: Inheritance, brewing and banking
Up £900m on last year
Topping the list of wealthiest married couples, and ranking seventh nationally are Charlene De Carvalho-Heineken and Michel De Carvalho, rising £900m this year.
The Dutch brewing giant Heineken saw their best sales figures in a decade last year, thanks to the growth in alcohol-free drinks.
Heineken owns brands including Bulmers Cider, Red Stripe, Tiger and Newcastle Brown Ale which have helped the operation to a market value of £47.7bn, up by £2.7bn on the previous year.
The couple have a stake in the company worth £10.97bn, which should have yielded dividends of £88.7m in 2018, alongside other assets and payments of £940m since 2010. These figures raise the couple to £12bn.
8. Alisher Usmanov
Wealth: £11.339bn
Source: Mining and investment
Up £783m on last year
9. Roman Abramovich
Wealth: £11.221bn
Source: Oil and industry
Up £1.888bn on last year
10. Mikhail Fridman
Wealth: £10.9bn
Source: Industry
New Entry
Entering the list for the first time this year, Ukrainian-born Mikhail Fridman makes the top 10 billionaires with a net worth of £10.9bn.
Fridman, 55, sits at the top of two operations: Moscow-based Alfa Group, which provides services from banking to mineral water production, and international investment giant LetterOne.
Based in London, Fridman paid £65m in 2016 for the near-derelict property Athlone House in Highgate, North London.
Modelled on the Palace of Versailles, the property is being renovated to include all the essential modern day trappings of wealth such as an underground swimming pool, fruit terrace and yoga room.
The likely restoration costs of £20m could eventually double the value of his Highgate throne.
11. Lakshmi Mittal and family
Wealth: £10.669bn
Source: Steel
Down £3.998bn
12. Anil Agarwal
Wealth: £10.57bn
Source: Mining
Up £8.72bn on last year
The huge, sometimes secretive organisations who own Wales' most famous landmarks
13. Guy, George and Galen Jr Weston and family
Wealth: £10.5bn
Source: Retailing
Up £450m on last year
14. The Duke of Westminster and the Grosvenor family
Wealth: £10.1bn
Source: Property
Up £136m on last year
15. Ernesto and Kirsty Bertarelli
Wealth: £9.711bn
Source: Pharmaceuticals
Up £52m on last year
16. Hans Rausing and family
Wealth: £9.606bn
Source: Packaging
Up £273m on last year
17. Sir David and Sir Frederick Barclay
Wealth: £8bn
Source: Property, media and internet retailing
Up £600m on last year
SSE staff facing redundancies with more than 400 jobs at risk at energy company
18. John Fredriksen and family
Wealth: £7.543bn
Source: Shipping and oil services
Up £840m on last year
19. Denise, John and Peter Coates
Wealth: £6.856bn
Source: Gambling
Up £1.102bn on last year
Ranked 19th, Denise, John and Peter Coates join the top 20 billionaires this year with an increase of £1.102bn, taking their wealth to £6.856bn.
Having begun her bookies career as a schoolgirl in her father’s shop, Coates started the online gambling operation Bet365 in 2000, in which the family have a 93.3% stake worth £6.066bn. Coates has the biggest slice, with her stake worth 50.25%.
Coates’ brother John, 49, serves as joint chief executive for the online operation and their father Peter, 81, chairs Stoke City football club.
20. Earl Cadogan and family
Wealth: £6.85bn
Source: Property
Up £150m on last year
