The Weston family maintains its position in the top ten of the Sunday Times Rich List 2024, despite a slight dip in ranking.
- Owners of Primark and Fortnum & Mason, the family ranks ninth this year with a fortune of £14.4 billion.
- Their wealth has marginally decreased by £7 million compared to 2023, when they were positioned seventh.
- The family has been noted as the only fashion retailers within the top ten of a 350-member list.
- Others in the fashion and retail sector have experienced significant changes in their rankings this year.
The Weston family, notable owners of Primark and Fortnum & Mason, continues to feature prominently in the Sunday Times Rich List 2024, holding the ninth position. Their total wealth is reported at £14.4 billion, albeit with a decrease of £7 million from the previous year’s evaluation, which saw them at seventh place. Their ongoing presence at the top highlights their enduring influence in the retail sector.
Despite selling the Selfridges Group in 2021 for a staggering £4 billion, the Westons remain the sole representatives of fashion retail in the top-tier positions of this list, which details 350 of the wealthiest individuals in the UK.
Meanwhile, other notable figures in the fashion and retail industry have seen fluctuations in their standings. Anders Holch Povlsen, affiliated with Bestseller and a prominent shareholder in Asos, has experienced a 13-place fall to 24th after a substantial £1.77 billion loss, with his wealth now standing at £6.73 billion.
In contrast, Stephen Rubin, associated with Pentland Brands and JD Sports, has ascended two places to 26th, boasting a fortune of £6.5 billion. Similarly, François-Henri Pinault and Salma Hayek, tied to Kering, sit at 31st, their wealth reduced to £6.14 billion from a previous £8.05 billion.
compared to 2023. Mike Ashley, synonymous with Frasers Group, has maintained his rank of 49th with a slight decrease in his wealth to £3.79 billion from £3.84 billion. Bernard Lewis, leading River Island, has improved his position to 64th with a wealth increment of £20 million, now totalling £2.7 billion.
The Fayed family, formerly of Harrods fame, have dropped to 112th, with their wealth standing at £1.5 billion. Notably, this follows the passing of Mohamad Al-Fayed in August 2023, the former proprietor of Harrods. Philip and Tina Green remain steady at 182nd with a fortune of £990 million.
Ben Francis of Gymshark fame has seen a notable decline, moving from 184th to 230th, with £775 million. Similarly, the Moulding family, connected with the Hut Group and THG, are positioned at 242nd with £670 million.
Other prominent names include Mahmud Kamani of Boohoo Group, steady at 249th with £720 million, and Chrissie Rucker and Nick Wheeler, known for The White Company and Charles Tyrwhitt, who have improved their rank from 328th to 280th with £515 million.
Andrew Killingsworth of Yours Clothing and Sir John Timpson of the Timpson Group have both re-entered the ranks, at 323rd and 332nd respectively, illustrating the dynamic shifts within the fashion and retail wealth landscape.
The Sunday Times Rich List 2024 reflects significant movements within the fashion and retail sectors, amidst wealth fluctuations.
