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Birmingham Post
Birmingham Post
Business
Hannah Baker

UK Rich List 2022: Sir James Dyson now second wealthiest person in Britain

Tech tycoon Sir James Dyson is now the richest person in South West England and the second-wealthiest in Britain, according to the latest Sunday Times Rich List.

The 68-page special edition of The Sunday Times Magazine reveals the wealth of the 250 richest people in the UK in its 34th annual edition.

There are 177 billionaires recorded in the UK this year - up six from 2021 - a year-on-year increase that is also a record. The combined wealth of the UK billionaires is £653.122bn, an increase of 9.4 per cent on the total wealth of the billionaires in last year’s list.

The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts.

With a family fortune of £23bn, up £6.7bn on 2021, inventor Sir James Dyson, 75, has become the second-richest person in the country, behind London-based brothers Sri and Gopi Hinduja and family, who are now worth a record £28.472bn.

Dyson Group, which is based in Malmesbury in Wiltshire, had a record year in 2021 with profits of £1.5bn on sales of more than £6bn, raising its value from £14.5bn to £21bn.

In March, the company announced plans to create more than 900 jobs in the UK after its “strong” financial performance. It also officially opened its new global headquarters in Singapore. Dyson will be based in the restored St James Power Station building on the island city-state.

Earlier this year, Dyson also announced its first wearable technology product - a set of air-purifying headphones. The company - known for its vacuum cleaners and fans - unveiled the Dyson Zone, which it says “simultaneously” tackle the issues of air quality and noise pollution in urban areas.

The richest people in the UK in 2022

Sri and Gopi Hinduja and family – £28.47bn

Sir James Dyson and family – £23bn

David and Simon Reuben and family – £22.26bn

Sir Leonard Blavatnik – £20bn

Guillaume Pousaz – £19.26bn

Lakshmi Mittal and family – £17bn

Christoph Henkel and family – £15bn

Guy, George, Alannah and Galen Weston and family – £13.5bn

Kirsten and Jorn Rausing – £12bn

Charlene de Carvalho-Heineken and Michel de Carvalho – £11.42bn

Michael Platt – £10bn

Alisher Usmanov – £10bn

The Duke of Westminster and the Grosvenor family – £9.73bn

Barnaby and Merlin Swire and family – £9.6bn

Marit, Lisbet, Sigrid and Hans Rausing – £9.49bn

Anil Agarwal – £9.2bn

Denise, John and Peter Coates – £8.64bn

John Fredriksen and family – £8.31bn

Mikhail Fridman – £8.22bn

Moshe Kantor – £8bn

The Sunday Times Rich List is compiled by Robert Watts. The complete list is available to the paper’s digital subscribers on Friday, May 20, and is in the print edition of the newspaper on Sunday, May 22.

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