London Daily

Focus on the big picture.
Monday, Mar 30, 2026

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
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
UK Housing Divide Deepens as Older Owners Hold Wealth While Under-30s Face Mounting Barriers
London Demonstration Calls on UK to Recognize Iranian Opposition’s Provisional Government
UK Green Party Vote on ‘Zionism is Racism’ Motion Collapses Amid Internal Disputes and Technical Failures
SNL UK Ignites Debate with Sharp Royal Satire Targeting Prince Andrew and Prince William
EU Proposes ‘Emergency Brake’ to Resolve Deadlock in UK Youth Mobility Talks
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
Energy Price Surge Accelerates Shift Away from Fossil Fuels in UK Homes
UK Museums House More Than 260,000 Human Remains, New Report Reveals
Surging UK Gilt Yields Reflect Inflation Pressures and Fiscal Uncertainty
UK Issues Updated Guidance on Children’s Screen Time with Focus on Balance and Wellbeing
UK Migration Figures Show Shifting Trends Across Asylum, Visas and Channel Crossings
UK Watchdog Launches Probe into Five Firms Over Alleged Fake Reviews and Ratings
Jaguar Land Rover Halts Production at UK Plant Amid Supplier Disruption
UK Police Reverse Position, Confirm Arrests Will Resume for Palestine Action Protests
UK Small Businesses Face Europe’s Steepest Cost Pressures, New Survey Reveals
US Envoy Urges UK to Proceed with King’s Visit Amid Diplomatic Sensitivities
FTSE 100 Drops Over One Percent as Middle East Tensions Weigh on Markets
UK CO2 Plant Set to Reopen as Authorities Move to Safeguard Supplies Amid Middle East Tensions
Trump Urges Stronger Defence Investment as He Questions Allied Naval Capabilities
New COVID Variant Detected in UK Raises Concerns Over Vaccine Effectiveness
FTSE Russell Moves to Standardise Free-Float Rules for UK and International Listings
HBO Max Launches in UK and Ireland, Marking Major Step in Global Streaming Expansion
UK Signals Readiness to Seize Russian ‘Shadow Fleet’ Vessels in Escalation of Sanctions Enforcement
Escalating Middle East Conflict Seen as Major Threat to UK Economic Stability
Early Challenges Mark Prince Harry and Meghan’s Australia Visit
UK Government Rejects Cover-Up Claims After Theft of Former PM Aide’s Phone
Cyprus Opens Strategic Talks with UK Over Sovereign Base Areas
UK Faces Risk of Sharp Inflation Surge Despite Stable Pre-Crisis Figures
UK Police Arrest Two Over Suspected Antisemitic Arson as Iran Link Investigated
UK Inflation Holds at Three Percent Ahead of Oil Price Shock from Iran Conflict
×