English singers-songwriters, Ed Sheeran, Adele, and Harry Styles have secured their spots as some of the UK’s wealthiest individuals under the age of 35.
The Sunday Times Rich List has estimated their fortunes to exceed £150 million each, earned through their remarkable achievements both in the UK and across the pond in the United States.
While they may not have made it to the top of the main Rich List, where individuals must possess a wealth of £350 million or more, these musicians have undoubtedly secured their financial status.
Topping the chart among these young stars is the 32-year-old Ed Sheeran, ranked as the seventh wealthiest, with an estimated fortune of £300 million. The phenomenal success of his sixth album, “Subtract,” propelled him to new heights.
Adele, who recently turned 35, claimed the ninth spot on the list with a wealth of £165 million.
The London-born songstress has sold over 100 million albums worldwide, and her announcement of an extended Las Vegas residency earlier this year only solidified her financial standing. It is reported that each show during her residency pays a staggering £500,000.
29-year-old heartthrob, Harry Styles, made waves with his album “Harry’s House,” which became the best-selling album in the UK last year.
Currently embarking on a tour across the UK, Styles has accumulated a fortune of £150 million, securing his place as one of the wealthiest young stars in the country.
At the summit of the main Rich List sits Gopi Hinduja and his family, whose vast conglomerate of businesses spans the globe. Their combined wealth stands at an astonishing £35 billion, showcasing their dominance in the business world.
Notable on the list is the return of Sir Jim Ratcliffe to the top 10 of Britain’s wealthiest individuals after a two-year absence.
With a fortune of £29.6 billion, Sir Jim, known for his battle to acquire Manchester United, has accumulated his wealth through his chemicals and raw materials business, Ineos.
While the Rich List is typically comprised of the super-rich, this year marks the first decline in the number of billionaires since the global financial crisis in 2008.
The economic repercussions of the Covid-19 pandemic, coupled with high inflation and rising interest rates, have taken a toll on the fortunes of the wealthy elite.
Entrepreneur Sir Richard Branson, who endured significant challenges during the pandemic, has seen his wealth nearly halved to £2.4 billion. The aviation tycoon experienced a loss of £1.5 billion due to flight restrictions and the closure of his hotels and health clubs.
UK Prime Minister, Rishi Sunak and his wife, Akshata Murthy also faced a decrease in their fortunes, down £200 million from the previous year. Their wealth primarily stems from Ms. Murthy’s substantial stake in her father’s IT business, Infosys.
Notably, the newly-crowned King Charles III ranks at 263 on the Rich List, possessing a fortune of £600 million. Surpassing his late mother, Queen Elizabeth II, who was valued at £320 million in the previous year’s list.
Among the notable figures on the list, esteemed author, JK Rowling, renowned for her Harry Potter series, stands at an impressive £875 million, an increase of £25 million from the previous year.
Reports suggest that Rowling is currently in discussions with HBO to bring her beloved creation to the small screen, potentially further boosting her wealth.
Additionally, two stars from the Harry Potter films have secured their places among the richest under 35. Daniel Radcliffe, 33,
