Rishi Sunak enters Rich List as Roman Abramovich's wealth cut in half

20 May 2022, 13:02

Rish Sunak joined Roman Abramovich on the Rich List
Rish Sunak joined Roman Abramovich on the Rich List. Picture: Alamy

By Will Taylor

Chancellor Rishi Sunak has entered The Sunday Times Rich List with his wife for the first time – as Britain grapples with the cost of living crisis.

Along with Akshata Murty, his wealth is listed as £730m at a time when he has been accused of being out of touch and failing to do enough to help Brits struggling with the increasing cost of living.

Sanctioned Russian oligarch Roman Abramovich saw his wealth tumble, having dropped from eighth on the list to 28th - as his fortune went from £12.2bn last year to £6bn this year.

That follows the enforced sale of his football club, Chelsea, and a fall in in Evraz shares.

Mr Sunak's wealth came under scrutiny over his wife's business dealings in Russia, and whether such a rich family could understand the day-to-day struggles of ordinary Brits.

Rishi Sunak and Akshata Murthy entered the Rich List
Rishi Sunak and Akshata Murthy entered the Rich List. Picture: Alamy

Top of this year's rich list are Sri and Gopi Hinduja and family, whose £28.472bn followed a £11.472bn increase. Their wealth comes from industry and finance.

Inventor Sir James Dyson and his family came second, with £23bn, up £6.7bn on last year, and David and Simon Reuben and their family were third. Their wealth, which mostly comes from property and the internet, was worth £22.265bn, up £800m.

Read more: Boris tells LBC 'we will get through cost of living crisis' as he vows to support Brits

Boris Johnson and his government have resisted calls for a windfall tax, despite Labour's insistence it would raise billions that could be used to cut energy bills as costs spiral.

Inflation hit a 40-year high in April.

And the Bank of England governor Andrew Bailey warned MPs he felt "helpless" over how he could help.

Boris Johnson told LBC's Nick Ferrari "there is more coming down the track… July and so on", but did not go into details.

Roman Abramovich's wealth has tumbled
Roman Abramovich's wealth has tumbled. Picture: Alamy

Sir Keir insisted during PMQs on Wednesday that the reluctant Prime Minister would make an "inevitable U-turn" on a one-off windfall tax.

He said: "He doesn't actually understand what working families are going through in this country. Struggling about how they're going to pay their bills.

"Whilst he dithers British households are slapped with an extra £53 million on their energy bills every single day. Meanwhile every single day North Sea oil and gas giants rake in £32 million in unexpected profits.

Read more: PM says Government is 'helping people in any way we can' as he's grilled on windfall tax

"Doesn't he see that every single day he delays his inevitable U-turn, he's going to do it, he's choosing to let people struggle when they don't need to?"

Mr Johnson said the Government was helping people with the cost-of-living crisis "in any way that we can".

He said: "In July we will have the biggest tax cut for 10 years, £330 cut on average for 30 million people who are paying National Insurance Contributions and the reason we can do that is because we have a strong and robust economy.

"I'm going to look at all measures in future to support, of course I am, but the only reason we can do that, the only reason our companies are in such robust health is because of the decisions that this Government has taken."

More Latest News

See more More Latest News

"I ran, not to rip the joey away from its mother, but from fear she might attack me," Jones, who also uses the name Samantha Strable, posted on social media.

American influencer apologises after being threatened with deportation for snatching baby wombat from mum

The Forum Chinese Restaurant

Chinese restaurant chef uses CCTV to prove 'nonsense' reviews wrong

Soccer - International Friendly - Venezuela v Nigeria

England star John Fashanu arrested over 'five crimes' as he sues police for £100,000 compensation

NASA astronauts Nick Hague, right, Suni Williams, and Butch Wilmore. (NASA via AP)

'Stranded' NASA astronauts set to return from nine month space mission - but what health issues could they face?

Exclusive
Jordan Stephens, Rizzle Kicks star.

Rizzle Kicks star says children 'rely' on online communities for connection as he says 'boredom' to blame for rising crime

Britain's Prime Minister Keir Starmer holds a press conference in the Downing Street Briefing Room after hosting virtual meeting with international leaders to discuss support for Ukraine.

Military chiefs to meet in UK next week - as Starmer confirms Ukraine peace effort ‘moving into operational phase’

Smoke billows from the MV Solong cargo ship in the North Sea, off the Yorkshire coast in England, Tuesday, March 11, 2025. (Dan Kitwood/Pool Photo via AP)

Russian captain of Solong container ship remanded in custody following crash with US oil tanker

BRITAIN-UKRAINE-DIPLOMACY-POLITICS-DEFENCE

'Coalition of the willing': Starmer hosts Ukraine peace summit as PM urges Putin to 'come to the negotiating table'

Joanne Penney, 40.

Five charged and one arrested after fatal shooting of 'deeply loved' mother

Ozdemir Zia hit Edna McLean as he turned his double-decker near Woolwich Arsenal station, London.

Bus driver avoids jail after killing 83-year-old pensioner in 'momentary error'

Front facade of a pretty country cottage, Netherbury, Dorset, UK - John Gollop

Met Police suggest planting roses in your garden could deter would-be burglars

March 11, 2025, London, England, UK: Actor, director and writer NOEL CLARKE arrives at the Royal Courts of Justice for his libel case against The Guardian over articles on sexual misconduct allegations against him.

Actress said to have been groped by actor Noel Clarke tells court 'it is a lie'

Melbourne, Australia. 15th Mar, 2025. Lando Norris of McLaren celebrates taking pole position during Qualifying at Albert Park Circuit in Melbourne, Victoria, Saturday, March 15, 2025.

Lando Norris takes pole in Australia GP qualifying - as Lewis Hamilton trails in eighth on Ferrari debut

Merritt Island, Florida, USA. 14th Mar, 2025. A SpaceX Falcon 9 rocket carrying Crew-10 astronauts lifts off from Launch Complex 39A (LC-39) at NASA's Kennedy Space Center, Florida, on Mar. 14.

SpaceX rocket finally launches to bring two stranded NASA astronauts back to earth after nine months

The body of 23-year-old Martine Vik Magnussen was discovered in a basement in Great Portland Street, London, in 2008

On-the-run suspect urged to hand himself in 17 years on from murder and rape of student found dead in basement

Pint of Guinness in front of different ale and beer pumps, The Merchant's Arch Bar & Restaurant, Temple Bar, Dublin, Ireland

Guinness pint prices could soar to more than £6 due to Trump’s tariff war