Melody Moguls: Ed Sheeran, Adele, and Harry Styles Among UK's Wealthiest Under 35
After achieving remarkable success in both the UK and US, these musicians have amassed an estimated fortune exceeding £150m.
According to the Sunday Times Rich List, Ed Sheeran, Adele, and Harry Styles feature prominently as some of the wealthiest individuals under 35 in the UK.
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The Sunday Times Rich List reveals that Ed Sheeran, Adele, and Harry Styles rank among the UK's wealthiest youth under the age of 35.
After achieving remarkable success in both the UK and US, these musicians have amassed an estimated fortune exceeding £150m. However, their wealth falls short of qualifying them for the main Rich List, which requires a minimum wealth of £350m.
Notable figures on that list include UK Prime Minister Rishi Sunak and his wife Akshata Murthy, despite experiencing a decline in their wealth.
UK's Top Music Icons' Wealth and Achievements
Among individuals under the age of 35, Ed Sheeran, aged 32, secures the seventh position on the wealth ranking, boasting a fortune of £300m, primarily propelled by the immense success of his sixth album, "Subtract."
At 35 years old, Adele occupies the ninth spot with a wealth of £165m. The talented singer from London has surpassed 100 million album sales and recently announced an extended Las Vegas residency, which reportedly earns her a staggering £500,000 per show.
With his chart-topping album "Harry's House" and ongoing UK tour, Harry Styles, aged 29, emerges as the top-selling artist in the UK last year, amassing a fortune of £150m.
Hinduja Family: Leading the Rich List
Topping the prestigious Rich List are Gopi Hinduja and family, with a staggering combined wealth of £35bn, marking a significant increase from £28.4bn in the previous year.
Sir Jim's Ineos Fortune and Manchester United Bid
Sir Jim Ratcliffe reclaims his position in the top 10 wealthiest individuals in Britain after a two-year descent in the rankings. With a current net worth of £29.6bn, Sir Jim's notable pursuit of acquiring Manchester United has garnered attention, representing his lifelong dedication to the football club. His vast fortune was amassed through his chemical and raw materials enterprise, Ineos.
Billionaire Decline Amidst Financial Challenges
In a notable shift, this year's Rich List sees a decline in the number of billionaires, marking the first decrease since the 2008 financial crisis when the banking sector faced a severe downturn.
With a reduction of six individuals, the current count stands at 171 billionaires listed, reflecting the impact of Covid, elevated inflation, and increasing interest rates that impose higher borrowing costs, all contributing to the wealth challenges faced by the affluent.
Branson's Fortune takes a Hit
Sir Richard Branson, founder of Virgin Atlantic, witnessed a substantial decline in his wealth to £2.4bn, nearly half of its previous value. The aviation industry's lockdowns and closures of his hotels and health clubs contributed to a loss of £1.5bn.
Rishi Sunak and Murthy's wealth decline
The wealth of Mr. Sunak and Ms. Murthy experienced a significant decrease of £200m, dropping from last year's £730m to £529m.
King Charles III surpasses Queen Elizabeth II in wealth
The newly-crowned King Charles III has the relatively low ranking of 263 on the Rich List with a fortune of £600m. However, he is wealthier than his late mother, Queen Elizabeth II, who was worth £320m, according to last year's list.
JK Rowling's fortune grows, potential TV series adaptation
Considerably richer is JK Rowling, the author of the Harry Potter books. She is worth £875m, a rise of £25m from the previous year. She could become wealthier still - the writer is reportedly in talks with the TV network HBO about making her most famous creation into a series.
