Rich List: UK wealth sector bosses fall down the rankings as their fortunes decline

Sunak joins the list for the first time

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 Lord Rothschild was the only top wealth management boss to see his family’s fortune increase in the past year.
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Lord Rothschild was the only top wealth management boss to see his family’s fortune increase in the past year.

This year’s Sunday Times Rich List saw the positions of the UK's most affluent names in the wealth and asset management sector in the ranking drop, with their fortunes falling by an average of £245m.

Leonie Schroder and her family's spot in the list of 1,000 wealthiest people in the UK fell from 35th to 40th, with losses of £573m taking her total fortune down to £4.6bn. Mark Coombs, CEO of Ashmore Group, saw the second greatest overall decline among the sector, losing £394m of his wealth since last year and falling over 54 spots to 156th, with a fortune of £1.18bn. UK consumer confidence hits record low as the cost-of-living crisis deepens Peter Hargreaves, co-founder of Hargreaves Lansdown, descended 17 spots to 85th place, losing £342m but retaining a fortune of £2.06bn. His ...

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