UK Cypriot billionaire’s in Sunday Times Rich List

According to the Sunday Times rich List 2023

The Sunday Times Rich List is a list of the 1,000 wealthiest people or families in the United Kingdom, updated annually in April and published as a magazine supplement by British national Sunday newspaper The Sunday Times since 1989

The richest Cypriots are highlighted below.

Alki David at number 63 is Alki David and the Leventis family with a value of £2.786 Billion Alki David was born In Nigeria his parents from Cyprus and lives here in the UK and Los Angeles. David, who has appeared as heavies and the like in films or TV series in Britain, runs FilmOn, a patented live-streaming Internet business, allowing access to live HDTV streaming via PCs, televisions and cell phones . David had a controlling 80% stake. Alki David is a member of the prominent Cypriot Leventis family who merged its worldwide bottling operation with Coca Cola to create London listed international drinks bottler Coca Cola HBC.

Lazari Family at number 72 is the Lazari family with a value of £2.5 Billion

The founder Christos Lazari was born in Dora, Limassol arrived in Britain at 16 years old In the early seventies he started working in the dress business eventually owning his own dress manufacturing business Drendie Girl before entering in the property investment business

The business is run by his sons Len and Nick and daughter Andrie.

John Christodoulou is in the List at number 74 with a value of £2.45 Billion

John Christodoulou came to the UK after the Cyprus Turkish invasion . John is the second largest freeholder in Canary Wharf with 2m sq ft which includes two five star hotels the Marriot and Canary Riverside Plaza. He also has 2,000 residential and commercial freehold units in Central London other interests include Brazilian land , New York apartments  and  Manchester’s Hilton Tower and Liverpool’s Radisson Blu.

Sir Stelios Haji-Ioannou at number 101 is Sir Stelios Haji-Ioannou and family with a value of £1.741 Billion

The son of a Greek Cypriot shipping magnate, Stelios Hadjioannou  below gets the bulk of his fortune from his stake in budget airline easyJet.

Stelios founded easyJet in 1995 after leaving his father’s company; his siblings Clelia and Polys both have large stakes in the airline.

Stelios maintains ownership of the easy brand through his private company, easyGroup.

Through his easyGroup, Stelios has licensed the easy name to such businesses as easyHotel, easyCar and easyCoffee.

The 2023 Sunday Times Rich List has been announced, with 171 billionaires recorded in the UK this year. This year’s list of the wealthiest people in the UK see’s INEOS CEO and potential future owner of Manchester United, Jim Ratcliffe, shoot up the rankings to second.

While the number of UK billionaires is down six from 2022, the overall combined wealth has risen 4.5% on last year’s figure, now standing at £683.856 billion. The young rich list is led by the Duke of Westminster who, at 32, oversees real estate in 43 cities across ten countries.

Also appearing on the ‘35 under 35’ section of the Sunday Times Rich List is tech billionaire and CEO of Hopin LTD Johnny Boufharat, who played a pivotal role in popularising remote work. Joining him on the list is Ed Sheeran, who was crowned the richest entertainer under 35.

The youngest female billionaire in the UK is Lady Charlotte Wellesley, who took the coveted number two spot with a wealth of £2.167bn. Lady Wellesley is the great-granddaughter of the late German Emperor Wilhelm 11 and daughter of Princess Antonia of Prussia.

The Sunday Times Rich List includes the financial assets of notable families such as the Dyson family and David and Simon Reuben and family. The Weston family, who own value fashion chain Primark, have kept their place in the top ten despite losing the Buckinghamshire-born kingpin Gale Weston just two years ago.  

The wealth of British Prime Minister Rishi Sunak and his wife Akshata Murty has fallen over the last year, putting them in 275th place in the Sunday Times Rich List, after the value of their stake in Indian I.T. giant Infosys dropped.

The pair were ranked in 222nd position last year. Shares in Infosys (INFY.NS), which was founded by Murty’s father, have fallen by about 20% in the last 12 months.

Sunak is the richest ever occupant of 10 Downing Street, and his fortune has opened him up to regular attacks from opposition politicians who say he is out of touch with ordinary people at a time of a cost-of-living crisis making many Britons poorer.

He has said people should not hold his wealth against him.

“I think in our country, we judge people not by their bank account, we judge them by their character and their actions. And yes, I’m really fortunate to be in the situation I’m in now, but I wasn’t born like this,” Sunak said last year.

Inflation stands at over 10% and wages are not rising as fast, squeezing household incomes and causing a cost of living crisis which dominates headlines. Sunak has pledged to halve inflation and grow the economy to address the issue.

As prime minister, he is entitled to an annual salary of about 165,000 pounds ($208,246). According to Rich List estimates, his wealth was put at around 730 million pounds last year, before it dropped to 529 million in 2023.

Last year, Sunak’s Indian-born wife faced public criticism and anger after it was revealed she had “non-domiciled” tax status, meaning she did not pay tax in Britain on her earnings abroad. She subsequently relinquished such status and said she would pay British tax on her global income.

Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Sunday Times Rich List shows a golden period for the super rich is over. For the first time in 14 years we’ve seen the number of UK billionaires fall.

“Two years ago we raised concerns about an unsettling boom in the fortunes of the very wealthy that continued unchecked during the political instability around Brexit and the pandemic.

“This is not a crash – but there are household names who have lost vast sums over the past year. The bursting of the tech bubble, the end of rock bottom interests and the jitters creeping through the banking industry have all taken their toll.”

“The super rich don’t exist in a vacuum. Many small investors lost money in some of their overblown stock market floats. Many people also work for their businesses. Financial losses for billionaires can have implications for us all.”

Here’s the top 20 wealthiest people in the UK, according to the Sunday Times 2023 Rich List.

INEOS CEO Jim Ratcliffe shot up the rankings to second

Top 20 richest people in the UK, according to Sunday Times

1. Gopi Hinduja and family – £35 billion2. Sir Jim Ratcliffe – £29.7 billion3. Sir Leonard Blavatnik – £28.6 billion4. David and Simon Reuben and family – £24.4 billion5. Sir James Dyson and family – £23 billion6. Lakshmi Mittal and family – £16 billion7. Guy, George, Alannah and Galen Weston and family – £14.5 billion8. Charlene de Carvalho-Heineken and Michel de Carvalho – £13.1 billion9. Kirsten and Jorn Rausing – £12 billion10. Michael Platt – £11.5 billion11. The Duke of Westminster and the Grosvenor family – £9.9 billion12. Marit, Lisbet, Sigrid and Hans Rausing – £9.3 billion13. Andy Currie – £9.2 billion14. John Reece – £9.1 billion15. Alex Gerko – £9.1 billion16. Denise, John and Peter Coates and family – £8.8 billion17. Anders Holch Povlsen £8.5 billion18. Barnaby and Merlin Swire and family – £8.4 billion19. John Fredriksen and family – £8.3 billion20. Mikhail Fridman – £8.2 billion