More than a quarter of the combined wealth is in the hands of one person.
Each year, the Rich List special edition of The Sunday Times Magazine reveals the wealth of the 250 richest people in Britain.
The latest edition lists a record 177 billionaires in the UK, up six from 2021. The combined wealth of the UK billionaires is £653.122 billion, up £55.853 billion – 9.4 per cent – on the total wealth of the billionaires in the 2021 Rich List. Overall, the richest 250 in the UK this year are worth £710.723 billion, compared to £658.089 billion in 2021, an 8 per cent rise in a single year.
There are 10 billionaires at the head of the 2022 Scottish Rich List with a combined wealth of £23.054 billion. More than a quarter of this is in the hands of the person topping the list.
Some faces from previous lists have slipped from the top ten, including Monaco-based Jim McColl, 70, head of Clyde Blowers, the East Kilbride engineering operation, now worth £996 million, down £4 million after a fall in the value of investments, who has lost his Rich List billionaire status.
Ranked 12 in Scotland, worth £850 million, is Harry Potter author and Edinburgh resident JK Rowling, who has added £30 million to her personal fortune since 2021.
1. Anders Holch Povlsen
Anders Holch Povlsen, 49, heads the 2022 Sunday Times Scottish Rich List with a personal fortune of £6.5 billion, up £500 million on last year. He is now Scotland’s largest landowner with more than 220,000 acres. Holch Povlsen is owner of the Danish fashion retailer Bestseller and holds a stake of around 25% in the British online fashion retailer Asos. Photo: Tariq Mikkel Khan / Ritzau Scanpix / AFP) / Denmark OUT via Getty Images
2. Glenn Gordon and family
Glenn Gordon and family, who made their money in spirits with William Grant & Sons, are worth £3.395 billion, down £200 million from last year. Photo: JPI Media
3. Kiran Mazumdar-Shaw and John Shaw and family
Kiran Mazumdar-Shaw (pictured here) and John Shaw and family are worth £2.496 billion, having made their fortune in pharmaceuticals with their company, Biocon. This is down by £446 million. Photo: Theo Wargo/Getty Images for Time Inc
4. Sir Ian Wood and family
Sir Ian Wood and family's estate has not changed in value since last year, leaving them with £1.819 billion made from oil services and fishing. Photo: Lisa Ferguson