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Rumble: Skepticism Is Now The Opportunity (Rating Upgrade)

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Richest people in Wales named on Sunday Times Rich List

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They are worth more than a staggering £13bn between them

Collage of six photos

The Sunday Times Wales Rich List,

The richest people in Wales have been revealed. They include a couple behind an opticians chain, the founders of a supermarket, and a husband and wife who have topped the list on a number of occasions, according to this year’s edition of The Sunday Times Rich List, which has now been published online.

The list, which is updated annually, ranks the 350 richest people in the UK and has been printed in a special edition of The Sunday Times Magazine since 1989. This year’s list of individuals and families have a combined wealth of £783.5bn – more than the the annual GDP of Belgium, Sweden, and Israel.

The top three richest individuals and families in Wales has remained the same for the last four editions of the list.

The survey is based on identifiable wealth including land, property, other assets such as art and racehorses, or significant shares in publicly-quoted companies. It excludes bank accounts, which the paper has no access to.

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The 2026 special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide’s 38-year history. The minimum entry level to get on the list this year has dipped to £340m – another indicator of a subdued year.

Famous figures to make the cut include Sir Elton John, Andrew Lloyd-Webber, Sir Mick Jagger, Keith Richards, JK Rowling, Charlotte Tilbury, and Sir Lewis Hamilton. Always keep on top of the latest Welsh news with our newsletter.

Topping the list once again for the 10 richest individuals or families in Wales – who are worth in excess of a staggering £13bn between them – are venture capitalist Sir Michael Moritz and his novelist wife Harriet Heyman. Moritz’s wealth has grown by more than £1bn since last year taking his worth to more than £5.4bn.

Some of the other wealthiest entries on the list have lost wealth since the last list. Only one Welsh person made the list for the richest people under under 40, founder and CEO of Net World Sports, Alex Lovén, who has an estimated wealth of £263m.

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These are Wales’ 10 wealthiest individuals or families according to The Sunday Times Rich List 2026.

1. Sir Michael Moritz and Harriet Heyman

Sir Michael Moritz

Sir Michael Moritz(Image: Getty Images)

Source of wealth: Venture capitalist and philanthropist

2026 wealth: £5.481bn

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Yearly difference: Up £1.046bn

Cardiff-born Sir Michael Moritz, 71, is a former journalist who joined US investment house Sequoia Capital in 1986 and set up his own charitable foundation, Crankstart. He became a billionaire by making early investments into the likes of Google, PayPal, WhatsApp, YouTube, and a host of other tech giants before any other big names.

After stepping down from being in charge of Sequoia Capital in 2012 for health reasons Sir Michael and his American author wife Harriet Heyman, whom he shares his billions with, set up Crankstart to support students from low-income families.

Last year he announced he had applied for a German passport as an “insurance policy” against antisemitism. He believes the country his parents fled does a better job of teaching children about the horrors of the Holocaust.

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2. Simon Nixon

Simon Nixon

Simon Nixon(Image: Western Mail)

Source of wealth: Tech entrepreneur (MoneySuperMarket)

2026 wealth: £2.05bn

Yearly difference: Up £100m

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In second place again this year is 58-year-old Simon Nixon, who was born in Lincolnshire but grew up in Flintshire. Many will have heard of his fortune making website, MoneySuperMarket, which he co-founded in 1993.

He eventually went on to sell his shares by 2016 and now has investments in Monzo. He also makes money from his holiday home website Simon Escapes where he rents out his personal collection of luxury homes around the world from Cornwall to Malibu.

3. Douglas and Dame Mary Perkins and family

Doug Perkins

Doug Perkins opening the new Specsavers Carmarthen(Image: Mike Walters)

Dame Mary Perkins

Dame Mary Perkins

Source of wealth: Opticians (Specsavers)

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2026 wealth: £1.409bn

Yearly difference: Down £130m

Douglas Perkins, 83, from Llanelli, and his wife Dame Mary Perkins, 82, started their billion-pound fortune from a ping-pong table in their spare bedroom where they created Specsavers. The pair came up with the idea of making a visit to the opticians like going to a shop rather than going to the doctor and turned the idea into a hugely profitable international business.

The company is now a global chain of opticians and made Perkins and his family billionaires.

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4. Sir Terry Matthews

Sir Terry Matthews

Sir Terry Matthews.(Image: John Myers)

Source of wealth: Telecoms tycoon

2026 wealth: £1.33bn

Yearly difference: Down £8m

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Sir Terry Matthews was raised in Newbridge before earning a degree in electronics from Swansea University.

He began his journey as an entrepreneur in Canada where he started his telecoms equipment venture Mitel in 1973. He now also owns the Celtic Manor Resort in Newport.

Sir Terry is recorded as Wales’ first billionaire and was the richest man in Wales until 2012.

5. David Sullivan and family

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David Sullivan

David Sullivan.(Image: PA)

Source of wealth: Publisher

2025 wealth: £1.1bn

Yearly difference: Down £18m

Born in Cardiff, David Sullivan, 77, earned his millions by selling pornographic content,. By the late 1970s he ran half of the UK’s adult magazine market and 150 sex shops.

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In 1982 he was convicted of living off immoral earnings and served 71 days in prison but he told the Standard in 2012 that he did not “feel embarrassed” by how he made his money.

Sullivan is currently the co-owner of West Ham United FC as well as operating an investment company, Conegate, which owns property in London.

6= Henry Engelhardt and Diane Briere de L’Isle

Henry Engelhardt and his wife Diane Briere de L'Isle.

Henry Engelhardt and his wife Diane Briere de L’Isle.(Image: Richard Swingler)

Source of wealth: Insurance firm Admiral

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2026 wealth: £935m

Yearly difference: Down £45m

The married couple are up from 7th in the list last year.

Chicago-born Henry Engelhardt moved to Cardiff in the 1990s to set up the insurance firm Admiral. In the 20 years before he stepped back in 2016 he reshaped the UK car insurance industry and built a fortune.

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6= Steve Morgan

Steve Morgan

Steve Morgan.(Image: Redrow/PA)

Source of wealth: Housebuilder Redrow

2026 wealth: £935m

Yearly difference: Down £53m

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Steve Morgan founded housebuilder Redrow in 1974 at the age of 21. It grew to be a FTSE 250 company and one of the UK’s most successful homebuilders. Morgan stepped down as chairman of Redrow in 2019.

In 2001 he founded the Steve Morgan Foundation to which he has donated more than £300m and which has provided support to more than 650 charities.

In 1992 Morgan received an OBE for Services to the construction industry and in 2016 he received a CBE for Philanthropic Services.

8. Dai and Richard Walters

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Dai Walters feels Ffos Las will be better served for fixtures under Arc

Dai Walters.(Image: MediaWales)

Source of wealth: Construction tycoons (Walters)

2026 wealth: £441m

Yearly difference: Up £23m

Dai Walters’ fortune is entirely self-made having started out as an apprentice labourer at an opencast site in south Wales in the 1970s. The Walters Group website describes how after work as a labourer, greengrocer, and tree planter at 20 years old he took a job as an apprentice fitter at the Wimpey-operated Maesgwyn opencast coal mine.

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It wasn’t until 1982, after 17 years working on sites across Wales, that Walters struck out on his own. After success buying plant machinery and hiring it out to mining companies initially in south Wales the Walters Group was established to add earthmoving and civil engineering services to its portfolio and before long was becoming involved in some major construction projects

His son Richard previously ran Caerphilly-based Celtic Energy.

9. Sir Malcolm and Lord Walker

Sir Malcolm Walker

Sir Malcolm Walker.(Image: IAN COOPER/NORTH WALES LIVE)

Source of wealth: Frozen food retailers (Iceland)

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2026 wealth: £424m

Yearly difference: Re-entry

Sir Malcolm Walker founded the supermarket chain in 1970 as a side business alongside his job working at Woolworths. The founder was fired for having his own company which was the starting point of Iceland becoming the giant it is today.

Growing up in Yorkshire the supermarket boss now lives in Flintshire.

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Sir Malcolm’s son Lord Richard of Broxton, 45, joined the company in 2012 as a shelf-stacker and cashier working his way up the ladder to becoming becoming executive chairman in January 2023.

10. David and Heather Stevens

David Stevens

David Stevens.(Image: South Wales Echo)

Source of wealth: Insurers (Admiral)

2026 wealth: £340m

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Yearly difference: Re-entry

This couple are the second to find themselves on the due to their involvement in establishing insurance firm Admiral. David and Heather Stevens were part of the small team which launched the insurance group in 1993 in Cardiff.

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H&R Real Estate Investment Trust (HR.UN:CA) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good morning, and welcome to H&R Real Estate Investment Trust 2026 First Quarter Earnings Conference Call. Before beginning the call, H&R would like to remind listeners that certain statements, which may include predictions, conclusions, forecasts or projections and the remarks that follow may contain forward-looking information, which reflect the current expectations of management regarding future events and performance and speak only as of today’s date.

Forward-looking information requires management to make assumptions or rely on certain material factors and is subject to inherent risks and uncertainties, and actual results could differ materially from the statements in the forward-looking information. In discussing H&R’s financial and operating performance and in responding to your questions, we may reference certain financial measures, which do not have a meaning recognized or standardized under IFRS or Canadian generally accepted accounting principles and are therefore unlikely to be comparable to similar measures presented by other reporting issuers.

Non-GAAP measures should not be considered as alternatives to net income or comparable metrics determined in accordance with IFRS as indicators of H&R’s performance, liquidity, cash flows and profitability. H&R’s management uses these measures to aid in assessing the REIT’s underlying performance and provides these additional measures so that investors can do the same.

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Additional information about the material factors, assumptions, risks and uncertainties that could cause actual results to differ materially from the statements in the forward-looking information and the material

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Form 13D/A Ballard Power Systems Inc. For: 15 May

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H World Group Limited (HTHT) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to H World First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I’ll now hand the conference over to your first speaker today, Ms. Ivy Luo, Head of Investor Relations. Please go ahead.

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Ivy Huili Luo

Thank you, operator. Good morning and good evening, everyone. Thanks for joining us today. Welcome to H World’s First Quarter 2026 Earnings Conference Call. Joining us today is our Founder and Executive Chairman, Mr. Ji Qi; our CEO, Mr. Jin Hui; our CFO, Mr. Arthur Yu, our COO, Mr. Chen Hui; and our CFO, Ms. Junrui Yu. Following our prepared remarks, management will be available to answer your questions.

Before we continue, please note that the discussion today will include forward-looking statements made under the safe harbor provision of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC.

H World Group does not undertake any obligation to update any forward-looking statements, except as required under applicable laws. On the call today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliation of those measures to comparable GAAP information can be found

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Infographic highlighting key insights and trends in the stock market for April 2026.

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Infographic highlighting key insights and trends in the stock market for April 2026.
Infographic highlighting key insights and trends in the stock market for April 2026.

Infographic summarizing the stock market situation in April 2026

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Earnings call transcript: American Strategic Investment Co. sees revenue drop in Q1 2026

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Schlittler and Skenes Dominate Early Race

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Sandy Alcántara

NEW YORK — As the 2026 MLB season approaches the one-quarter mark, the races for the American League and National League Cy Young Awards are already taking shape, with a pair of standout aces emerging as clear frontrunners while several other pitchers position themselves for late surges.

New York Yankees right-hander Cam Schlittler and Pittsburgh Pirates phenom Paul Skenes lead most early betting odds and expert polls, but a deep group of contenders keeps both races highly competitive. Here are the top five Cy Young candidates as of mid-May 2026, based on current performance, advanced metrics and expert consensus.

Cam Schlittle
Cam Schlittle

1. Cam Schlittler, New York Yankees (AL Favorite)

Schlittler has burst onto the scene as the early AL leader, boasting a sparkling 1.35 ERA through nine starts with a 5-1 record and 59 strikeouts. The 24-year-old right-hander has been nothing short of dominant for the Yankees, posting elite command and missing bats at an impressive rate. His combination of velocity, sharp breaking stuff and composure under pressure has many analysts calling him the clear favorite at +230 odds.

Yankees fans and opponents alike have taken notice of his ability to limit hard contact and work deep into games. If Schlittler maintains this level, he could become the first Yankees pitcher to win the Cy Young since CC Sabathia in 2007.

2. Paul Skenes, Pittsburgh Pirates (NL Favorite)

The defending NL Cy Young winner remains the man to beat in the senior circuit. Skenes has picked up right where he left off, delivering electric stuff and elite results that have him at +200 odds. The 23-year-old’s unique pitch mix — highlighted by a triple-digit fastball and devastating slider — continues to overwhelm hitters, making him one of the most exciting young arms in baseball.

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While a few challengers have closed the gap slightly, Skenes’ consistency and dominance keep him atop most NL Cy Young projections. A repeat victory would mark a historic achievement for the Pirates franchise.

3. Dylan Cease, Toronto Blue Jays

Cease has reinvented himself in Toronto, posting strong numbers that place him firmly in the AL Cy Young conversation at +240 odds. His strikeout ability and improved command have made him a consistent force, giving the Blue Jays a true ace at the top of their rotation. Cease’s experience in big moments adds credibility to his candidacy as the season progresses.

4. Max Fried, New York Yankees

Fried’s move to the Yankees has paid immediate dividends. The veteran left-hander sits near the top of the AL leaderboard with a sub-3.00 ERA and excellent peripherals. His polished approach, pinpoint control and ability to induce weak contact make him a steady presence in a stacked Yankees rotation. Fried is currently listed around +300 to +330 in early odds.

5. Jose Soriano, Los Angeles Angels

Soriano has been one of the biggest surprises of the young season, emerging as a legitimate Cy Young contender with a sub-2.00 ERA in limited starts. The Angels right-hander’s stuff has always been electric, but improved health and command have taken his game to another level. At longer odds around +1000 to +1200, Soriano represents the classic boom candidate who could make a serious run if he stays healthy.

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Other Names to Watch

Several other pitchers remain firmly in the mix. In the AL, Jacob deGrom continues defying age with electric stuff when healthy, while Hunter Brown and Garrett Crochet provide strong upside. In the NL, Cristopher Sanchez, Yoshinobu Yamamoto and Chris Sale are all capable of climbing the leaderboard with hot streaks.

Shohei Ohtani’s two-way excellence also draws attention, though his pitching workload remains carefully managed. Early Cy Young polls show familiar names at the top, but the season is long and injuries or hot streaks can quickly reshape the race.

What Separates the Contenders

Modern Cy Young voting increasingly values advanced metrics like FIP, xERA, strikeout rates and innings pitched alongside traditional wins and ERA. Durability has become crucial in an era of pitcher management and workload limits. The top candidates this season excel at limiting hard contact while missing bats at high rates — skills that translate well in today’s analytics-driven game.

Voters also consider team context. Pitchers carrying weaker rosters often receive extra credit, while those on loaded contenders must post truly exceptional numbers to stand out. This dynamic makes the current races particularly intriguing as mid-May frontrunners look to separate themselves before the All-Star break.

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Outlook for the Rest of 2026

While Schlittler and Skenes currently lead the way, the Cy Young races are far from decided. A strong two-month stretch by any of the top contenders — or an injury to a frontrunner — could dramatically shift the odds. History shows that consistency over a full season ultimately decides these awards more than early dominance.

For baseball fans, the 2026 Cy Young races offer compelling storylines: youth versus experience, power pitchers versus command artists, and breakout candidates versus established stars. As the season unfolds, every start from these aces will be scrutinized as they chase one of the game’s highest individual honors.

The beauty of the Cy Young race lies in its unpredictability. While Schlittler and Skenes currently hold the edge, the summer months will test their endurance and separate the true elites from the rest of a very talented field. By October, one pitcher in each league will stand alone as the game’s best — but getting there will require excellence night after night in a long and demanding season.

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Beckhams become billionaires as Oasis make rich list for first time

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The list is based off the paper’s estimates of the minimum wealth of Britain’s 350 richest people or families.

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People on the move: key North East appointments and promotions

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Companies making announcements this week include Tilly Bailey & Irvine LLP, hedgehog lab, Sage, Swinburne Maddison, CMP Products and Azets

Newly promoted solicitors from Tilly Bailey & Irvine Law Firm. Pictured are Sophie Wilding, Georgia Wilkinson, Tyler Plunkett, Rhiannon Melrose, Laura Nomaz and Bethany Atkinson.

Newly promoted solicitors from Tilly Bailey & Irvine Law Firm. Pictured are Sophie Wilding, Georgia Wilkinson, Tyler Plunkett, Rhiannon Melrose, Laura Nomaz and Bethany Atkinson.(Image: Chris Booth Photos)

Growing North East law firm Tilly Bailey & Irvine LLP has announced a series of promotions. The firm, which has offices in Hartlepool, Sunderland, Stockton, Barnard Castle and Wynyard, has promoted three solicitors – Laura Nomaz, Jessica Inman, and Georgia Wilkinson – shortly after returning from maternity leave to senior associate roles.

Joining them in that position are Rhiannon Melrose and Tyler Plunkett, while Bethany Atkinson, Mollie Hall, Olivia Linton and Sophie Wilding have been promoted to associate-level roles.

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Heather Bolton, partner and head of the Sunderland branch, said: “These promotions reflect the dedication and hard work shown by our colleagues across the firm. We are committed to supporting career development, promoting staff each year, and consistently recognising talent from within as we continue to grow.”

Swinburne Maddison's head of commercial property Victoria Walton, who will take over from the current managing partner, Jonathan Moreland, when he retires at the end of the year.

Swinburne Maddison’s head of commercial property Victoria Walton, who will take over from the current managing partner, Jonathan Moreland, when he retires at the end of the year.(Image: LAUREN PETERS)

Law firm Swinburne Maddison LLP has announced that managing partner Jonathan Moreland will retire at the end of this year. He will be succeeded by Victoria Walton, the firm’s current partner and head of commercial property, who is set to take up the position in January 2027.

Mr Moreland’s journey with the firm began in 1991 when he joined Swinburne Jackson and Moreland, where his late father was senior partner. Since his appointment as managing partner in 2021, he has led the firm through a period of unprecedented growth and success

He said: “It has been an enormous privilege and honour to lead Swinburne Maddison. The role has been about far more than leadership alone – it has meant being part of a firm where people genuinely belong, care about one another and remain deeply committed to supporting our clients.”

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Ms Walton brings a wealth of experience, having joined as a trainee in 1999 and becoming a partner just seven years later. She has served on the firm’s management committee for six years, working closely with Mr Moreland to shape the firm’s strategy.

Anand Swaminathan, Sage’s new chief strategy officer.

Anand Swaminathan, Sage’s new chief strategy officer.(Image: Sage)

Krish Vitaldevara, chief product officer at Sage

Krish Vitaldevara, chief product officer at Sage(Image: Sage)

North East accounting tech group Sage has made two new senior appointments. Krish Vitaldevara joins as chief product officer and Anand Swaminathan as chief strategy officer. The two will join Sage’s executive leadership team on May 18 and June 15 respectively, and will be based in the company’s San Jose, California office.

As chief product officer, Mr Vitaldevara will be responsible for Sage’s global product and platform strategy, innovation roadmap and delivery, while Mr Swaminathan will lead Sage’s corporate strategy, growth priorities and long-term value creation agenda.

Steve Hare, CEO, Sage said: “Krish and Anand are proven leaders with deep experience building and scaling world-class products and businesses. Their appointments reflect our continued investment in innovation and growth, and I’m excited about the impact they’ll have for our customers, colleagues and partners.”

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Accountancy and advisory firm Azets has made a number of appointment including Yasmin Bambrough, left, and Rebecca Hutton, right.

Accountancy and advisory firm Azets has made a number of appointment including Yasmin Bambrough, left, and Rebecca Hutton, right.(Image: Azets)

Azets has grown its audit and tax services for companies and individuals in the North East with four new hires. Yasmin Bambrough joins as audit senior at the accountancy and business advisory firm, with Rebecca Hutton as audit associate. Ms Bambrough, who was previously with PwC, and Ms Hutton, from Clive Owen, work out of Azets’ Teesside office.

With the tax service team, Stuart Stephenson, whose experience includes more than nine years at KPMG, joins as corporate tax director and Jonathan Kennedy arrives from S&W as R&D associate director. Azets employs more than 300 people, with 16 partners, in the North East, providing tailored accountancy, tax and advisory services to help businesses and individuals.

Brian Laidlaw, partner and head of North East at Azets, said: “Yasmin, Rebecca, Stuart and Jonathan join us at an exciting time for the business as we continue to grow clients amid increasing compliance demands for SMEs and individuals here in the North East. Azets provides independent insights that bolster compliance, governance and long-term growth.”

Joe Thompson, hedgehog lab’s chief technology officer

Joe Thompson, hedgehog lab’s chief technology officer(Image: hedgehog lab)

Newcastle-headquartered global product design consultancy hedgehog lab has announced a series of promotions among its senior team. Joe Thompson, hedgehog lab’s chief technology officer, has joined the company’s board. He has more than 25 years’ experience in the tech sector, and has been with hedgehog lab for the last two, having previously held senior roles at Xoomworks – part of global consultancy Accenture.

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Ryan Scaife, previously hedgehog lab’s chief financial officer, has taken on an expanded role as the business’s new chief financial and operating officer. And Aimé Watson Bachini has also been promoted to director of people, as hedgehog lab steps up its plans to grow its headcount in the months ahead.

CEO Malcolm Seagrave said: “Our direction as a business has never been clearer. Last year’s execution of our strategy delivered strong results, and we’ve brought that same energy into the new year. These promotions recognise the leaders who are helping us scale what we do best – creating products that change businesses and transform lives. We are excited for the next phase of our journey with the exceptional team we have in place.”

Left to right: Laurie Wilson and Gary Groves of CMP Products

Left to right: Laurie Wilson and Gary Groves of CMP Products(Image: CMP Products)

Cramlington cable glands, cleats and accessories manufacturer CMP Products has announced a strategic restructure of its UK and Europe sales team.

Laurie Wilson has been promoted to regional manager (UK, Ireland & Europe and Central Asia), recognising more than a decade of contribution to the business. Jean‑Baptiste Praud has been promoted to regional sales manager (Europe), while Gary Groves joins CMP as regional sales manager (UK and Ireland) from Riello UPS.

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Vince Patterson, CEO at CMP, said: “As we continue driving our market‑leading position through sustainable investment in our people and a deeper understanding of our customers, it is essential that our sales structure reflects that ambition.

“This new model strengthens collaboration, enhances accountability and ensures we are well positioned to support customers with the safety, reliability and efficiency they expect from CMP.”

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