London Daily

Focus on the big picture.
Tuesday, Oct 07, 2025

Tax evasion rewards: Rishi Sunak and Akshata Murty make Sunday Times Rich List

Tax evasion rewards: Rishi Sunak and Akshata Murty make Sunday Times Rich List

Chancellor Rishi Sunak and his wife make the Sunday Times Rich List for first time with £730m fortune.

Their joint £730m fortune ranks them at 222 of the paper's annual list.

Recently, Ms Murty's tax affairs came under scrutiny after it was revealed she had "non-dom" status - meaning she did not pay UK tax on overseas income.

Ms Murty, the daughter of an Indian IT billionaire, later agreed to pay UK taxes on all her earnings.

Her 0.9% stake in her father Narayana Murty's IT company Infosys, estimated to be worth around £690m, earned her £11.6m in dividend income last year.

It is estimated her use of non-dom status could have saved her £20m in taxes.

The Sunday Times said the couple had made their first appearance on the Rich List now because it was only able to confirm Ms Murty's stake in her father's business over the last year.

Mr Sunak was later cleared of breaching the ministerial code after referring himself to Prime Minister Boris Johnson's standards adviser to check if he had properly declared all his interests.

A "non-dom" tax designation, short for "non-domiciled individual", is a term used for a UK resident whose permanent home, or domicile, is outside the UK.

Someone with the status only pays UK tax on money earned in the UK, but does not have to pay any tax to the British government on money made elsewhere in the world (unless they pay that money into a UK bank account).

Meanwhile, the latest ranking of the 250 richest people in Britain also revealed a record 177 billionaires in the UK this year, the Sunday Times said.

Overall, the richest individuals and families in the UK this year are worth £711bn, an 8% rise on last year's £658bn.

The expanding fortunes of Britain's wealthiest people comes amid a growing cost of living crisis, with UK inflation rising sharply to 9% in the year to April - meaning prices are rising at their fastest rate for 40 years.

In February, Mr Sunak announced a £9bn package of measures, including a £150 discount to council tax and a £200 loan for energy bills in the autumn, but he is under increasing pressure to offer more support to households as energy bills and food prices continue to rise.

Sri and Gopi Hinduja, who run the India-based conglomerate Hinduja Group, topped the list with their £28.47bn fortune - a growth of more than £11bn in a year.

Entrepreneur Sir James Dyson and his family jumped to second in the rich list after a £6.7bn increase to £23bn.


Who makes the top 10?


According to the Sunday Times, the 10 richest families and individuals in the UK, the estimated value of their fortunes and the primary source of their wealth are:

*  Sri and Gopi Hinduja and family - £28.47bn (industry and finance)
*  Sir James Dyson and family - £23bn (household goods and technology)
*  David and Simon Reuben and family- £22.26bn (property and internet)
*  Sir Leonard Blavatnik - £20bn (investment, music and media)
*  Guillaume Pousaz- £19.259bn (online payments)
*  Lakshmi Mittal and family - £17bn (steel)
*  Christoph Henkel and family - £15bn (chemicals)
*  Guy, George, Alannah and Galen Weston and family - £13.5bn (retailing)
*  Kirsten and Jorn Rausing - £12bn (inheritance and investment)
*  Charlene de Carvalho-Heineken and Michel de Carvalho - £11.42bn (inheritance, brewing and banking)

Russian billionaire Roman Abramovich's ranking dropped sharply after being sanctioned over the Ukraine war


However, Chelsea owner and Russian steel magnate Roman Abramovich's wealth halved in a year to £6bn - dropping him 20 places from his 2021 ranking to 28th on this year's rich list.

The oligarch is the biggest loser of all in this year's Rich List, the Sunday Times said.

The plummet in Mr Abramovich's fortunes followed his being sanctioned over the war in Ukraine, the enforced sale of Chelsea and the sharp fall in his shares in steel company Evraz.

The premier league club is expected to be sold in late May, after £4.25bn deal to purchase it was agreed with a consortium led by American businessmen Todd Boehly.

Another notable billionaire with ties to Russian President Vladimir Putin whose fortunes have suffered since sanctions were imposed, if not so dramatically, is Uzbek-born Russian oil oligarch Alisher Usmanov.

His estimated worth dropped by £3bn to £10bn, falling from sixth to 11th place.


For more info, please visit https://www.thetimes.co.uk/sunday-times-rich-list 

Newsletter

Related Articles

0:00
0:00
Close
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
×