Which bankers and fintech billionaires came out on top?
Objectively speaking, 2022 was a violent year for the markets, but this did not stop certain City bankers and fintech billionaires from increasing their fortunes.
Square Mile financiers again littered this year’s Sunday Times Rich List, which also featured celebrities Sir Elton John and David and Victoria Beckham, as well as Prime Minister Rishi Sunak.
Hedge funders also fared well in this year’s roundup, published on May 19 – there were 19 alternative asset managers among Britain’s richest people, including Michael Platt, the UK co-founder of BlueCrest Capital Management, Rokos Capital Management founder Chris Rokos, and Brevan Howard boss Alan Howard.
As the Hinduja family was struck by grief this week following the death of Srichand Hinduja, co-chairman and patriarch of the family’s empire, Gopi hinduja and family was noted at the top of the list again. Their wealth grew by £6.5bn to £35bn from the previous year.
Charlene de Carvalho-Heineken and her investment banker Michel de Carvalho was also among the financiers in the top 10, adding £1.7bn to their £13.1bn fortune.
READ BlueCrest CEO Michael Platt tops the list of 19 hedge fund managers among Britain’s richest
But the financial billionaire who enjoyed the biggest increase this year was the CEO of XTX Markets Alex Gerko. The 43-year-old founder of the algorithmic trading platform jumped to 15 on the list from 89 last year, having amassed £7.1 billion to his personal fortune. He now has a net worth of around £9.1 billion.
Fellow fintech heavyweights Nik Storonsky was also high on the list at 36. The Revolut founder was down two places from 2022, although his net worth remained unchanged at £5.2 billion.
Revolut co-founder Vlad Yatsenkowho broke into the list for the first time last year, saw £214m wiped off his £786m net worth.
Schroder heir Leonie Schroder also made the top 50, with a net worth of £4.7 billion. Schroder, who replaced his father Bruno on the FTSE 100 fund group’s board following his death in 2019, was also identified as one of the City figures who pay the most in tax. For the year ending 28 February 2022, she paid a tax bill of £88.7m, according to Sunday Times Tax list.
Ashmore’s Mark Coombs was the richest asset management CEO on this year’s list, with a net worth of £1.3bn. Coombs took home a pay packet of £652,742 last year, despite a difficult year for the emerging markets fund group, which saw clients pull billions from their funds.
READ Chris Hohn, Alex Gerko, Leonie Schroder: The city’s number that pays the most taxes revealed
However, several City titans felt the pinch last year and saw their vast wealth sink.
Sir Richard Branson endured one of the biggest hits to his personal fortune, which plunged by £1.8bn to £2.4bn – a 40% drop. Sir Branson’s space tourism business Virgin Galactic has seen its shares fall more than 30% in the past year, while his commercial satellite venture Virgin Orbit is on the brink of bankruptcy.
Lord Rothschild and the family also took a hit of £258m last year, meaning their fortune is now worth £825m.
Meanwhile, Prime Minister Rishi Sunak and his wife Akshata Murty was revealed to be £201 million poorer, after a hit to the value of her father’s IT firm Infosys, in which she has a significant stake. However, the pair still landed at 275 on the list, with a combined net worth of £529million.
The founders of retail platform Hargreaves Lansdown also saw their net worth decline. Peter Hargreavesits fortune of £1.9bn is down £203m compared to 2022, while Steve Lansdowne is worth £1.2bn, down £58m on the previous year.
However, rival platform founders Andy Bell re-entered the list this year at 315 with a net worth of £447m.
The Hoare familywho owns private bank C Hoare & Co, was another newcomer, with a net worth of £426m.
Here are the rest of the richest bankers, asset managers and fintech executives who were in the UK’s 350 richest:
Gopi Hinduja and family
Rank: 1 (2021: 1)
Sector: Industry and Finance (Hinduja Group)
35 billion pounds
⇑ £6.528 billion
Charlene de Carvalho-Heineken and Michel de Carvalho
Rank 8 (2021: 9)
Sector: Heritage, banking and brewing (Heineken)
13.122 billion pounds
⇑ 1701 billion pounds
Alex Gerko
Sector: Finance (XTX Markets)
Rank 15 (2021: 89)
9.129 billion pounds
⇑ £7.129 billion
Nikolay Storonsky
Sector: Financial services (Revolut)
Rank 38 (2021: 36)
5.2 billion pounds
⇔ (No change)
Leonie Schroder and family
Sector: Asset management (Schroders)
Rank 43 (2021: 40)
4.741 billion pounds
⇑ £99 million
Jamie Gilinksi
Sector: Finance (Metro Bank)
Rank 56 (2021: 53)
3.333 billion pounds
⇔
Sir Richard Branson and family
Sector: Transport, finance and fitness clubs (Virgin)
Rank 77 (2021: 44)
2.41 billion pounds
⇓ £1.79 billion
Peter Hargreaves
Sector: Finance (Hargreaves Lansdown)
Rank 94 (2021: 86)
1.865 billion pounds
⇓ £203 million
Mark Coombs
Sector: Asset Management (Ashmore)
Rank 134 (2021: 156)
£1.315 billion
⇑ £135 million
Charles Cayzer and family
Sector: Finance (Caledonia Investments)
Rank 144 (2021: 160)
1.226 billion pounds
⇑ £93 million
Steve Lansdowne
Sector: Finance (Hargreaves Lansdown)
Rank 152 (2021: 146)
1.179 billion pounds
⇓ £58 million
Taavet Hinrikus
Sector: Finance (Wise)
Rank 197 (2021: 247)
Taavet Hinrikus
£861 million
⇑ £211 million
Lord Rothschild and family
Sector: Finance (RIT Capital Partners)
Rank 210 (2021: 167)
£825 million
⇓ £258 million
Vlad Yatsenko
Sector: Financial services (Revolut)
Rank 219 (2021: 173)
786 million pounds
⇓ £214 million
Andy Bell
Sector: Finance (AJ Bell)
Rank 315 (re-entry)
£447 million
The Hoare family
Sector: Finance (C. Hoare and Co)
Rank 319 (re-entry)
426 million pounds
To contact the author of this story with feedback or news, email Kristen McGachey
