Sunday Times Rich List says Home Bargains family saw wealth rise again
Among those in this year’s Sunday Times Rich List are, from left, Zuber Issa, Sir Jim Ratcliffe, the Duke of Westminster and Mohsin Issa(Image: Daily Express, Getty Images and EG Group)
Sir Jim Ratcliffe is still top of the North West wealth league table despite an almost £2bn fall in his net worth, the latest Sunday Times Rich List has revealed.
But other North West business leaders had a better year all round, with the family of Home Bargains founder turned developer Tom Morris seeing its estimated wealth rise by more than £1bn.
Manchester United owner and INEOS CEO Sir Jim tops the North West list with an estimated net worth in 2026 of £15.19bn. That’s down £1.8bn on the £17.05bn the Rich List estimated him to be worth last year.
Sunday Times Rich List compilers said the value of his multinational petrochemicals empire Ineos had been cut to £17bn as a result of rising debt and falling revenues, which meant the group logged a £515.7m loss. Meanwhile, his 29% stake in Manchester United FC is worth £1.4 billion.
The Duke of Westminster and the Grosvenor family were second in the North West list, with an estimated wealth of £9.68bn, down on last year’s £9.89bn.
The Morris family was in third place with an estimated wealth of £8.06bn, up from £6.99bn last year, thanks to the ongoing growth of Home Bargains under parent company TJ Morris. TJ Morris’ sister company Davos Property Developments is working on several projects in Liverpool, including the £1bn Kings scheme on the waterfront that is set to include Liverpool’s tallest tower.
The Sunday Times is also publishing a National 40 Under 40 list of young wealthy people – and sportswear entrepreneurs and Castore founders Tom and Phil Beahon are in joint 15th place nationally, with a combined wealth of £350m.
Pop star and Co-op Live investor Harry Styles is in 23rd place with an estimated wealth of £235m, while other North West representatives include Adanola founder Hyrum Cook and Represent co-founders George and Mike Heaton.
Nationally, Sanjay and Dheeraj Hinduja and their family have been ranked as the richest people in the UK, with a wealth of £38bn – up from £35.3bn last year.
The Rich List this year includes 157 UK billionaires, 20 less than four years ago. Compilers say the minimum entry level for the list has fallen to £340m – “another indicator of a subdued year”.
New entries this year include Oasis’ Noel and Liam Gallagher, with an estimated £375m fortune, boosted by their huge tour last year that brought in almost £400m in ticket sales.
The full list of 350 people is published online today and will also be featured in a special 76-page Sunday Times magazine with the newspaper on Sunday, May 17, 2026.
Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Rich List is a tale of two exoduses. One in six of the individuals and families who appeared on the list two years ago don’t feature this time.
“Many foreign billionaires who have been living in the UK have also dropped out because they have moved away. We have also seen a sharp rise in the number of British nationals now resident in Dubai, Switzerland and Monaco. As UK nationals these people remain on our Rich List — wherever they now live.
“These two exoduses pose challenges for the UK economy and its public finances. Will more of the wealthy now set up or grow their ventures overseas and in doing so create fewer jobs here? How much tax — if any — will Rachel Reeves’s Treasury be able to extract from those affluent Brits who have now left the country?
“For nearly 40 years the Sunday Times Rich List has analysed the fortunes of Britain’s most affluent people. We believe understanding where wealth lies and where it is being accumulated is a vital part of a functioning democracy.
“Over the years our research has told us a lot about our country, charting the way a generation of largely self-made entrepreneurs overtook the old money of the landed gentry.
“This year’s edition shines a light on fortunes made from artificial intelligence, driverless cars and crypto-currencies as well as baby milk, make-up, hoodies and other everyday items. We know many of our readers find those rags-to-riches stories of entrepreneurs who started out with little more than a laptop and an idea particularly inspiring.”
The Sunday Times Rich List 2026: The 10 wealthiest in the North West
- Sir Jim Ratcliffe: £15.194bn
- The Duke of Westminster and the Grosvenor family: £9.677bn
- Tom Morris and family: £8.061bn
- Mohsin and Zuber Issa: £5bn
- Fred and Peter Done: £3.612bn
- Simon, Bobby and Robin Arora: £2.554bn
- John Gore: £2.25bn
- Henry Moser and family: £2.178bn
- Simon Nixon: £2.05bn
- John Whittaker and family: £1.5bn
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