It includes a staggering 145 billionaires and uncovers total wealth of £724bn - up 10% on 2017. We’ve trawled through this huge work to find out how many of the UK’s super rich owe their estate to the world of home buying and property.
Our list of 50 names includes aristocrats such as the Duke of Westminster, some of the big names of the mortgage industry, and seasoned property developers.
“At least one in six people on this year’s Sunday Times Rich List owes their wealth to property or the world of home ownership in some way,” says Robert Watts, who compiles The Sunday Times Rich list each year.
“Increasingly the list is dominated by self-made people, making their money from often surprising things, like chocolate, tonic water food or even sushi.
“But savvy real estate investments are often where the rich transform themselves into super rich. Lord Sugar made his name selling computers, but the Apprentice star would not be a billionaire were it not for his skilful London property deals.”
The only criteria to make our list, below, is to have a strong link with property, so this includes developers, landed gentry, estate agents, those who make money from furnishing our homes, and others who earn their crust from insurance policies that cover our property and its contents.
It takes £770million just to scrape into the top 50, meaning the Queen isn’t rich enough to make the cut despite owning sumptuous homes such as Balmoral and Sandringham House.
These India-born brothers initially made their money from aluminium, but poured their fortune into London’s booming property market. They own a mass of top-end real estate in the capital including Westminster’s Millbank Tower and John Lewis’s head office, near Victoria Station. They also have prime sites in Mayfair, Kensington and the West End - including the former premises of the Naval and Military Club, which they are now turning into a luxury hotel. Now in their late 70s, the pair were last year tipped as potential buyers for Newcastle United Football Club.
2. The Duke of Westminster and the Grosvenor family, £9.964bn
The 7th Duke inherited his title on the death of his father two years ago - and with it oversight of 300 acres of Belgravia and Mayfair. He and his family also own land and property in Oxford, Cheshire, Scotland and Spain. Other assets include nearly 165,000 acres of rural land, a dairy farm and the UK’s largest bull stud operation.
3. Sir David and Sir Frederick Barclay, £7.4bn
Best known for owning London’s exclusive Ritz Hotel and the Telegraph newspaper, the Channel Island-based twins also own the massive retail operation Shop Direct. The Barclays made more than £2bn from the sale of the Maybourne Group of hotels - which included the world famous Claridge’s. They live in a gothic castle on the Channel Island of Brecqhou.
4. Earl Cadogan and family, £6.7bn
The Cadogan family have owned nearly 100 acres of Chelsea and Kensington for 300 years. Almost 50% of the £6bn portfolio is retail space, mostly around the chichi shopping destinations of Sloane Square and the King’s Road. The rental income at the family’s main business grew by 10% to £142.7m in 2016.
Above: A two-bedroom flat for £1.5m above the shops on the famous King's Road in Chelsea. The Earl of Cadogan and his family own much of the retail space here and in Sloane Square.
5. Sir Henry Keswick and family, £4.782bn
Hong Kong conglomerate Jardine Matheson has interests ranging from property and hotels to food and cars. Much of its wealth stems from its operations in China and it has a £35.2bn value on the stock market. The Keswicks have a holding worth nearly £4.7bn.
6. John Grayken, £4.763bn
This American investor is pouring money into an area near Wembley Stadium. His Quintain property company has plans for 7,000 homes and London’s biggest Boxpark – a foodie heaven selling dozens of different delicacies from around the world. Grayken also owns a $35m penthouse in his home town of Boston, Massachusetts.
7. Baroness Howard de Walden and family, £4.015bn
A 92-acre estate of Marylebone has been in the de Walden family since 1879. Their tenants include much of Harley Street’s private medical community and chichi shops on Marylebone High Street. Sixty members of the de Walden family own stakes in the main company.
8. Ian and Richard Livingstone, £3.8bn
After selling a chain of opticians, these two brothers went into property development. Their recent ventures have included some eye-catching Hollywood homes and a £6bn development in Panama. They also own hotels in London, Ibiza, Barbados and Monte Carlo.
9. Eddie and Sol Zakay, £3.42bn
Student accommodation is the next investment for the Zakays, who have won approval for a £100m scheme in Wembley. The pair made their money from dozens of property deals with Tesco, Marks & Spencer and other retailers. The Israeli-born brothers also own hotels.
Above: Wembley is proving a popular location with billionaire property developers, as both John Grayken and the Zakays are investing in the area.
10. Mark Pears and family, £3.245bn
The Pears’ £6bn property portfolio is said to house 1% of the UK’s workforce. Rising rents and the £10m sale of a Bloomsbury property have increased their wealth over the past year. Members of the family are understood to have made $100m from the stockmarket float of Facebook.
11. Samuel Tak Lee and family, £3.037bn
This Hong Kong billionaire owns a big stake in property company Shaftesbury, which owns a large part of London’s Carnaby Street and Chinatown.
12. Richard Desmond, £2.6bn
After selling Express Newspapers, Desmond is hoping to win the National Lottery franchise. He has been involved in property developments worth around £1bn.
13. Teddy Sagi, £2.6bn
The Israeli gaming entrepreneur owns London’s Camden Market and recently bought the capital’s Bupa House for £70m.
14. John Whittaker and family, £2.25bn
A Lancashire-born property mogul, Whittaker has overseen vast developments across the North West and owns a big chunk of retail park business Intu.
15. Viscount Portman and family, £2.002bn
The Portmans own 110 acres of London real estate in central London and 500 residential properties.
The founder of estate agents Foxtons owns a Suffolk estate, £600m of commercial property and a £100m Kensington home.
26. Raj, Tony and Harpal Matharu and family, £1.3bn
These siblings own 16 hotels in London and one in Berkshire – introducing innovations such as women-only wings.
27. Simon Nixon, £1.25bn
Started Moneysupermarket.com and owns a £310m real estate portfolio, with homes in LA, Mallorca and London.
28. Tony Murray and family, £1.225bn
This 98-year-old entrepreneur has a £400m hotel portfolio – and is the oldest person on The Sunday Times’ list.
29. Will Adderley and family, £1.2bn
The Adderleys built up the home furnishings giant Dunelm from a Leicester market stall.
30. Christina Ong and family, £1.2bn
Ong owns a large collection of hotels with her husband, as well as a controlling stake in the Mulberry fashion brand.
31. Lord Kirkham, £1.15bn
Doncaster-born furniture entrepreneur founded DFS and has a new venture: Fabb Sofas.
32. Henning Conle, £1.142bn
This German family owns a mass of London property including the £610m Shell-Mex House.
33. David Sullivan, £1.1bn
The joint-chairman and largest shareholder of West Ham United Football Club, Sullivan also has property companies with £508m assets.
34. Jasminder Singh and family, £1.064bn
Singh owns 12 hotels and plans to open another at Leicester Square with 350 rooms.
35. Lord Edmiston, £1.04bn
Turned a £6,000 redundancy cheque into a big car importing company and then diversified into property.
36. Henry Moser and family, £1.01bn
Ditched his car sales business for finance and now owns the Manchester-based mortgage lender Together.
Above: Mayfair is popular with property moguls, with several of the wealthiest property owners on the Rich List having invested in the luxurious enclave. This three-bedroom mews house in Mayfair is up for grabs at almost £3.5m.
37=. Trevor Hemmings, £1bn
The 82-year-old entrepreneur owns 8m square feet of industrial and business parks, plus other property assets.
37=. Jim Melon, £1bn
The investment guru is one of the biggest landowners on the Isle of Man and also owns property in Germany.
39. Mark Dixon, £975m
After flipping burgers for a living, Dixon set up serviced office business Regus – now renamed IWG and worth £2.5bn.
40. Steve Morgan, £942m
Liverpool-born entrepreneur set up massive housebuilder Redrow and once owned Wolverhampton Wanderers.
How well do you know the property market? test your knowledge by playing our just-for-fun Property Price Game.
41. Tony Gallagher, £925m
The Midlands developer sold his land business for £525m last year and is now building 8,500 homes at Northstowe, near Cambridge.
42. The Earl of Iveagh and the Guinness family, £922m
Better known as Ned Guinness, the Earl oversees the 22,500-acre Elveden Estate in Suffolk.
43. Peter Jones and family, £900m
This former carpenter owns a Cheshire housebuilding firm with £871m of net assets.
44. Douw Steyn, £900m
Owns Meerkat-fronted website Comparethemarket.com, a £63m London property and a South African residential estate four-times the size of Monaco.
45. Yelena Baturina, £882m
Russia’s richest woman lives in London and has a 13,600-acre Hampshire estate as well as homes in Moscow, Spain and Austria.
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