The Richest People Under 35 In The UK Revealed

Harry Kane, Harry Styles, Dua Lipa and the Duke of Westminster all feature in the new edition of The Sunday Times 35 under 35 Rich List, published today online and in the print edition of the newspaper on Sunday, May 21.

The 68-page special edition of The Sunday Times Magazine reveals the wealth of the 350 richest people in Britain in its 35th annual edition. There are 171 billionaires in the UK recorded this year, down 6 from 2022, the first fall for 14 years. The combined wealth of the UK billionaires is £683.856 billion, up £30.734 billion, or 4.5 per cent, on the total wealth of the billionaires in last year’s Rich List.

Today’s young rich list is led by the Duke of Westminster, who inherited his title and a vast land and property portfolio when he was 25, including 300 acres of Mayfair and Belgravia. Now 32, he oversees the dynasty’s company portfolio, which has real estate in 43 cities across ten countries. His, and his family’s, total wealth is estimated at £9.878 billion. Under his leadership he has recently launched Grosvenor Hart Homes to provide more affordable homes and promised that all Grosvenor businesses will reduce carbon emissions in line with limiting global warming to 1.5°C.

Other trends highlighted in the list are self-made stars who have all taken advantage of social media and the new age of Instagram to market directly to their peers.

These include companies such as sports clothing brand Gymshark, through which Ben Francis has built a £900 million fortune in just over a decade. Also strutting their stuff are athleisure and fashion brands such as Dan and Melanie Marsden’s Lounge Underwear, AYBL run by Reiss and Kris Edgerton, and Manière De Voir founded by former U20 England footballer Reece Wabara.

Gen Z’s appetite for gaming, and a generation’s coding expertise has boosted the fortunes of Johnny Boufahrat, Christian Owens, Christian Facey, Daniel Knight, all of whom make the list with tech companies they have founded.
 

 
Robert Watts, compiler of The Sunday Times Rich List, said: “Despite the tougher business environment, we have many impressive entrepreneurial stories in this year’s Sunday Times Rich List. We know our readers are particularly fascinated by those from humble backgrounds who start their own businesses, work hard and go on to build profitable businesses.”

“Our new 35 Under 35 list includes men and women who have quickly built fortunes from fashion, vodka, lingerie and perfume. Many of these young guns are already employing hundreds of people and some will go on to be the future of the British economy.”

Many of those who feature on the list, including Ben Francis, Harry Kane and Raheem Sterling have offered tips on how to be successful. Several of those to do so emphasise the importance of giving back and supporting others trying to get on.
 

Analysis of the 35 Under 35 list reveals the following:

 

  • The majority made millions on their own, but nine were born into money
  • Those who inherited wealth are worth much more. So, 33 out of 35 individuals on this list built their fortunes themselves, a combined total of £5.8 billion; the other five, who owe at least some of their wealth to inheritance, account for £13.1 billion
  • Four of the 35 Under 35 were born outside the UK, the others mostly come from London or Worcestershire
  • About half attended state schools, and at least a third didn’t go on to further education
  • Five were friends at the same school, South Bromsgrove High School

 

The Sunday Times Rich List: The Richest Under 35s In The UK

 

2023 Rank

Name

Source of Wealth

2023 Wealth

1

The Duke of Westminster and the Grosvenor family

Property: Grosvenor Group

£9.878bn

2

Lady Charlotte Wellesley

Brewing: Casa Cruz

£2.167bn

3

Johnny Boufahrat

Video conference app: Hopin

£1.714bn

4

Ben Francis

Sportswear: Gymshark

£900m

5

India Rose James

Property and Art: Soho Revue

£758m

6

Oliver & Alexander Kent-Braham

Car insurance: Marshmallow

£455m

7

Ed Sheeran

Music

£300m

8

Rory McIroy

Golf

£200m

9

Adele

Music

£165m

10

Timothy Goodwin

Engineering: The Goodwin business

£163m

11

Lewis Morgan

Property and sportswear: Gymshark

£160m

12

Dan & Melanie Marsden

Lingerie brand: Lounge Underwear

£151m

13

David Campbell

Manufacturing: SureScreen

£150m

13

Anthony Joshua

Boxing

£150m

13

Harry Styles

Music and film

£150m

16

Christian Owens

Software: Paddle

£101m

17

Vishal Karia

Perfume: Affinity Fragrances

£98m

18

Daniel Radcliffe

Film

£92m

19

Reece Wabara

Fashion: Manière De Voir

£83m

19

Charlie Wilson

Property

£83m

21

Dua Lipa

Music, model and podcast

£75m

22

Gareth Bale

Football

£70m

23

Raheem Sterling

Football and property

£61m

24

Reiss & Kris Edgerton

Jewellery: Tayroc and Sportswear: ABYL

£60m

24

Josh Stevens

Retail: One Retail Group

£60m

24

Emma Watson

Film, drink, investment: Hestia Hebe

£60m

27

Charlie Morgan

Drink: AU Vodka

£55m

27

Jackson Quinn

Drink: AU Vodka

£55m

29

Niall Horan

Music

£54m

29

Ayman Rahman & Fateha Begum

Energy: Dare International

£54m

29

Louis Tomlinson

Music

£54m

32

Harry Kane

Football

£51m

33

Cara Delevingne

Model and actress

£50m

33

Christian Facey

Advertising: Audiomob

£50m

33

Daniel Knight

Developer: Kinetic Games

£50m

 

To find out who could be next to make this list, check out TechRound’s 29Under29….