Made in Chelsea star, porn heiress & beauty tycoon raised on council estate…young millionaires on Sunday Times Rich List
WHILE Britain’s richest are getting less wealthy, the under-40s are getting much richer.
The annual is out this weekend, and to get on the list of the 40 richest people under 40, you now have to be worth a staggering £100million.
The minimum amount needed has almost doubled from £56million this time last year.
And the billionaire Duke of Westminster is no longer the country’s richest person under 40.
The top spot has been taken by Russian-born Dmitry Bukhman, who made his £12.54BILLION fortune from video games.
Many of the top 40 owe their mega wealth to technology, but there are still plenty of stars on the list, including Harry Styles, Rory McIlroy, Adele, Harry Kane and Anthony Joshua.
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At 29, Dua Lipa is the youngest with an estimated wealth of £115million and Ed Sheeran is the richest musician under 40 with
a £370million fortune.
It has been a good year for the Manchester brothers, George and Mike Heaton, founders of the streetwear label Represent, whose £180 hoodies and £110 T-shirts have been worn by Kim Kardashian, Justin Bieber and Dua Lipa.
Ex-Made in Chelsea star Georgia Toffolo enters the list at £425million thanks to her marriage to BrewDog founder James
Watt.
Brewery boss James tells the Sunday Times: “Georgia is the outcome of one of my worst-ever investments. I have a portfolio of about 20 small businesses.
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"One of them fell by the wayside but the founder of that business knew Georgia and set us up. So, I may have lost £150,000, but I gained a wife.”
Here, we reveal the full list of the under 40s raking it in.
1. Dmitry Bukhman - £12.45billion
Russian-born Dmitry, 39, and brother Igor, 43, learnt to code on an old PC that belonged to their grandfather.
At school, they developed a video game, making $60 in the first month.
Dmitry says: “There were people buying it from America. I could not believe it — I was 16.”
The brothers now live in London, and their mobile gaming firm
Playrix, whose hits include Fishdom and Township, employs more than 3,000.
2. Duke of Westminster - £9.884billion
Newlywed Hugh Grosvenor, 34, inherited his title and a vast
property empire aged 25.
While the family still owns 300 acres of Mayfair and Belgravia, a slump in London property values has knocked £300 million off Grosvenor’s wealth in the last year.
3. Lady Charlotte Wellesley - £2.661billion
Duke of Wellington’s daughter Charlotte, 34, saw her fortune rise £400million since last year.
She is married to American-Colombian banker and brewing heir Alejandro Santo Domingo, 48.
4. Herman Narula £780million
Dubbed the ‘toff of tech’ Narula, 37, is a leading thinker on how
technology and AI are changing our lives.
He started his virtual worlds company, Improbable, as a student. His wealth is the same as year.
5. Ben Francis £726million
After taking sewing lessons from his mother, Ben Francis, 32, and his business partner, Lewis Morgan, turned sports kit retailer
Gymshark into a £1 billion business.
But profits have been hit lately, and his wealth is only £1million more than last year.
6. Fawn and India Rose James - £718million
Granddaughters of porn baron Paul Raymond, Fawn, 39, and India Rose, 33, inherited a property empire including 60 acres of Soho.
Prices in the London neighbourhood have slumped, cutting their fortune from £750million last year.
7. Oliver and Alexander Kent-Brabham -£704million
At age 12, the twins, now 33, began selling golf balls they fished out of a lake.
Now they own car insurer Marshmallow. Revenues have jumped by almost 75 per cent, sending their wealth up £250million in a year.
8. Thomas Hartland-Mackie - £687million
Swiss-born Hartland-Mackie, 36, runs his family’s electrical
products business, City Electric Supply, which was founded in a
stable in Coventry.
9. Mati Staniszewski - £665million
Watching badly dubbed US films in their native Poland inspired Staniszewski, 30, and Piotr Dabkowski to set up ElevenLabs.
The firm turns text into human-like speech in 32 languages.
9= Piotr Dabkowski - £665million
Dabkowski, 30, and business partner Staniszewski have banned
users of their £2.7 billion audio platform ElevenLabs, from using the software to “impersonate or harm others”.
11. Alex Kendall £439million
Kendall, 32, who is new to the list, founded tech firm Wayve, which develops AI software for driverless cars.
In the last year, he raised $1billion in investment for the firm.
12. Georgia Toffolo - £425million
Made in Chelsea star Georgia, 30, married brewing baron James
Watt, 43, in March.
Former winner of I’m a Celebrity, Toffolo, set up her talent agency in 2019.
Most of the couple’s wealth stems from Watt’s 21.7 per cent stake in beer group Brewdog.
13. Ed Sheeran - £370million
Despite a quiet year, Sheeran, 34, saw his fortune rise £30million.
His single Azizam, from his eighth studio album, Play, was released last month and went to No. 3 in the UK.
14. Tom and Phil Beahon - £350million
Brothers Tom, 35, and Phil, 32, founded sports clothing firm
Castore after quitting careers in football and cricket.
England’s rugby team are the latest team to wear their kit.
Their wealth rose by £16million last year.
15. Timothy Goodwin and family - 308million
Timothy Goodwin, 34, chairs the family engineering business in Stoke on Trent that makes parts for the defence and mining industries.
Their wealth has risen £63million.
16. Ayman Rahman and Fateha Begum - £307million
Profits are down more than 30 per cent at Dare, the energy trading operation Rahman, 34, runs with his wife, Begum, 37.
The couple, originally from Devon, have seen their wealth fall by almost £100million.
17. Amar Shah £264million
New to the list, Shah, 37, set up the driverless car venture Wayve with Alex Kendall - ranked 11th - in 2017.
The former banker is now with Charm Therapeutics, a pharmaceutical firm.
18. Alex Loven - £262million
Lovén, 36, saved up £13,000 from shifts at a builder’s merchants during his teens to buy a shipment of goal nets.
His ‘woke-free firm’ Net World Sports, based in Wrexham, sells
football goals, and Loven’s wealth is up £62million this year.
19. Rory McIlroy - £260million
Last year McIlroy, 36, was 13th on the list with a £225million fortune. Now he is now worth £35million more.
The bulk of Masters-winner McIlroy’s fortune is from sponsorship deals, including Nike and Omega.
He also has property in Dubai, New York and Florida.
20. Dan and Melanie Marsden - £253million
Their fortune is up by more than £100million, despite a drop in sales at their Solihull lingerie firm, Lounge Underwear.
Married couple Dan, 33, and Melanie, 32, took a £10.2million dividend last year.
21. Chris Phillips - £250million
Chris, 39, who left school without a GCSE, built a website design
business.
He launched Just Develop It, an investment company that has funded at least 100 start-ups.
22. Harry Styles - £225million
Singer and actor Harry, 31, whose wealth has grown £50million since last year’s Rich List, is working on a fourth studio album.
The Redditch-born star said he was “truly devastated” by the death of his former One Direction bandmate Liam Payne last October.
23. Martin Kissinger - £200million
German-born Kissinger, 35, moved to London in his teens.
In 2014, he set up Lendable, a provider of loans that uses AI to identify low-risk clients who can be charged less interest.
His wealth has stayed the same, and he has dropped nine places in the list.
24. Anthony Joshua - £195million
Former world heavyweight champion AJ, 35, is reported to have bagged £25 million from his defeat by Daniel Dubois.
Joshua, from Watford, has a £100 million property portfolio, and his wealth has risen £20million since last year when he was ranked 17th.
25. James Asquith - £183million
Asquith once held the Guinness World Record for the youngest male to visit all 196 sovereign countries on the planet.
James, 35, runs Holiday Swap, an Airbnb rival that was valued at £300 million in 2022.
26. Adele - £170million
Adele – number 19 on last year’s Rich List - has dropped seven
places as her wealth is unchanged from last year.
She is now based in Beverly Hills with sports agent fiancé, Rich Paul.
Adele, 37, made a surprise return to the UK music scene earlier this year when her debut single Hometown Glory re-entered the charts almost 18 years on from its first release.
27. Tom Blomfield - £166million
Blomfield, 39, co-founded two giant tech firms within five years — GoCardless, which helps businesses to automate payments and digital bank Monzo.
He lives in San Francisco.
28. Barney Hussey-Yeo - £161million
Hussey-Yeo, 35, set up Cleo, which keeps tabs on users’ spending
and saving habits.
The tech investor, whose wealth rose £33million in a year, is on a watch list of wealthy Brits poised to quit the country over Labour’s tax rises.
29. Peter Lipka - £128million
Self-confessed “nerd” Lipka, 36, is the chief operating officer of
Improbable, the virtual worlds developer, he co-founded in 2012 with Herman Narula (ranked no 4).
30. Ben Maruthappu - £123million
After struggling for weeks to find suitable home care for his injured mother, Leena, former doctor Maruthappu set up the care firm Cera.
It enables the NHS to significantly cut costs.
31. George and Mike Heaton - £122million
Their streetwear label, Represent’s £180 hoodies and £110 T-shirts have been worn by Kim Kardashian, Justin Bieber and Dua Lipa.
Mike, 34, and George, 32, claim to be “two brothers from Manchester, who don’t really belong in fashion”.
Sales jumped more than 65 per cent over the past year, sending their wealth up £41million.
The pair took a total of £3 million in dividends.
'Country's brightest stars'
Robert Watts, compiler of The Sunday Times Rich List, says: "Our
40 under 40 list showcases many of the country's brightest stars
from the worlds of tech, fashion, music and sport.
“Almost all of these people built their fortunes themselves and
their number includes some who left school with few, if any,
qualifications.
“A third of our list didn't attend university. At least 11 of our
entries were born overseas, underlining the draw our country
continues to hold for ambitious, talented young stars to build their
reputations and businesses.
“It will be fascinating to watch which of this year's line-up will
prosper in the years ahead."
32. Vishal Karia - £119million
Expelled from school and later diagnosed with ADHD, Karia, 35, founded Affinity Fragrance in 2016.
The Buckinghamshire scent wholesaler turns over more than £120 million.
His wealth rose £3million since last year.
33 - Romina Savova £117million
Born in Soviet-controlled Bulgaria, Savova, 39, founded PensionBee, which gathers savings schemes into one place.
Shares are up nearly 50 per cent over the past year, catapulting her into the Rich List.
34. Dua Lipa - £115million
Radical Optimism became the Anglo-Albanian star’s first record to debut at No. 1 in the UK album charts and gained four Brit Awards nominations.
Lipa, 29, who saw her wealth rise by £25million, wrote Dance the
Night for last year’s Barbie movie, and also appeared in Matthew
Vaughn’s spy caper Argylle.
35 = Sir Andy Murray - £110million
Over a 21-year career, Andy Murray, 37, won three grand slams, two
Olympic golds and a Davis Cup title, earning £50 million in prize money.
While his social media profile now reads: “I played tennis. I now play golf,” his wealth increased by £10million.
He also owns the posh Cromlix Hotel in Stirlingshire, where a turret suite costs £750.
35= Victor Riparbelli - £110million
Riparbelli, 33, co-founded Synthesia, a video creator regarded as
one of the hottest properties in AI.
The Shoreditch tech firm, launched with partners including Steffen Tjerril was valued at $2.1 billion this year.
Synthesia allows users to turn text into audio spoken in more than 140 languages with the help of 230 avatars.
His wealth rose £25million from last year.
35= Steffen Tjerrild - £110million
Tjerrild, 34, set up the AI video creator Synthesia with fellow Dane Victor Riparbelli.
They are giving shares to actors who create their most popular avatars.
38= Harry Kane - £100million
England captain Harry now earns £400,000 a week at German
club Bayern Munich, where he has just won his first-ever trophy.
His increase in wealth of £75million means he can afford a £30million mansion in the Beverly Hills of Bavaria.
38= Daniel Radcliffe - £100million
Daniel Radcliffe, 35, who played boy wizard Harry Potter in eight
Hogwarts films has seen his fortune increase by £10million in a
year.
He recently won a Tony Award for his role in the musical
Merrily We Roll Along.
38= Paige Williams - £100million
Paige, 32, grew up on a Manchester council estate and spent much of her childhood caring for her five brothers.
Her first business was an academy teaching the make-up skills she learnt working at a branch of Selfridges.
That evolved into P Louise, a brand selling teen-friendly products such as Bad B*tch Energy.
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Revenues for P Louise are expected to top £100 million this year.
The Sunday Times Rich List is at http://www.thetimes.com/sunday-times-rich-list
