The Independent reports a historic decline in the UK billionaire population, with a drop from 165 to 156 for 2025, the most significant decrease in the Rich List's history. This trend, observed for the third consecutive year, is linked to the Labour Party's crackdown on non-dom tax status. Prominent figures like the Hinduja family, Elton John, and James Dyson remain on the list, but the overall combined wealth of these individuals has also decreased, reflecting broader economic challenges affecting the wealthiest in the UK.
This year's Rich List reveals the UK's most significant drop in billionaires ever recorded, marking a continuing downward trend in the population for the third year running.
The report highlights that the combined wealth of listed billionaires is declining, coinciding with Labour's crackdown on the non-dom tax status, which appears to affect the billionaire population.
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