The Sunday Times Rich List, published online today with the full print edition following on Sunday, documents the fortunes of the UK’s 350 wealthiest individuals and families.
Their combined wealth has risen to £784 billion, a sum larger than the annual GDP of Belgium, Sweden and Israel combined, even as the number of UK billionaires has fallen from a peak of 177 in 2022 to 157 today.
Today’s release covers the top 20. The full list, published Sunday, will reveal where energy company owners and executives sit in the rankings.
A spokesperson for the End Fuel Poverty Coalition commented:
“The Sunday Times Rich List is an annual reminder of where wealth accumulates in the UK economy, and where the costs fall.
“As the combined wealth of Britain’s 350 richest has risen, the rest of the country faces a renewed cost of living crisis.
“In less than two weeks, Ofgem will announce how much average energy bills will increase starting 1 July. But when the full Rich List is published on Sunday, it will be worth looking for the energy names on it who are profiting from high energy costs.
“We already know that energy firms made £26.2 billion in profit in just the first three months of 2026 and oil and gas company bosses have seen their personal stakes in the industry rise as conflict in the Middle East pushes up the prices households pay.
“The Rich List documents who has gained from the system and now the Government needs to correct the balance. Taxing excess wealth and profiteering fairly could mean revenues to support struggling households, cut energy debts and invest in the insulation and renewable energy that will get the country off the fossil fuel price rollercoaster.”