Richest people in London on Sunday Times Rich List 2024

The London-based Gopichand Hinduja and family topped the list with their £37.169 billion wealth made from their industry and finance group, Hinduji Group.

Indian-British billionaire businessman, Gopichand, made his money, along with his three brothers from their father’s textile and trading businesses that worked across Bombay, India and Tehran, Iran.

Together, the brothers created the Hindujia group that now ranges from business in trucks, and lubricants to banking and cable television.

It’s not the first time the Hindujia family have been named the wealthiest family in the UK, after previously topping The Sunday Times list in 2023.

You can see the full list via The Sunday Times.

The richest people in London revealed 

Second on the list is British-American businessman and philanthropist, Sir Len Blavatnik .

Sir Len has a net worth of £29.246 billion, up by £621 million from 2023.

Ukraine-born, Sir Len was raised in Moscow before moving to the US in 1978 where he studied computer science at Columbia University and got an MBA from Harvard Business School.

He made his early fortune from Russian oil before buying Warner Music in 2011 for $3.3 billion and making the company public in June 2020 quadrupling its value.

David and Simon Reuben, along with their family were named on The Sunday Times list with a 2024 wealth at £24.

The India-born brothers made their millions in metals trading and at one point controlled 5 per cent of the world’s aluminium output.

This year, the Reuben’s have increased their share of Premier League football club, Newcastle United, to 14.3%

The Wealthiest 40 under 40 in London

Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Sunday Times Rich List suggests Britain’s billionaire boom has come to an end. Many of our home-grown entrepreneurs have seen their fortunes fall and some of the global super-rich who came here are moving away. 

“Thousands of British livelihoods rely on the super-rich to some extent. We’ll have to wait and see whether we have now reached peak billionaire, and what that means for our economy. 

“These may be harder times to create wealth, but The Sunday Times Rich List continues to unearth entrepreneurs building fortunes in diverse and often surprising ways. This year’s new entries include people who have made money from artificial intelligence and virtual worlds as well as plumbing supplies and teaching aides.  

“We know many of our readers find such people — especially those from humbler backgrounds — very inspiring.” 

Adblock test (Why?)