Burlington Arcade, Primark and Belstaff owners top fashion arm of Sunday Times Rich List - FashionNetwork
Once again this year, the fashion industry figures prominently in the Sunday Time Rich List with the 2025 ranking featuring some long-established and more recently famous Rich Listers.
The list may not be definitive as it it’s based on identifiable wealth and not private things like bank accounts. But it’s still the best option out there to find just who’s making big money from fashion.
David and Simon Reuben with a fortune of almost £27 billion are second on the overall list but are the top fashion-linked names. They own Burlington Arcade, the upmarket central London shopping destination that hosts some of fashion and beauty’s top brands.
The extended Weston family — Guy, George, Alannah and Galen Weston and family — is the second fashion name with a combined fortune of almost £18 billion. They rose two places this time to number six. They control Primark and Fortnum & Mason (and Holt Renfrew in Canada).
Behind them at number seven on over £17 billion is INEOS tycoon Sir Jim Ratcliffe with his company not primarily focused on fashion but making the fashion grade by controlling the Belstaff label.
The Duke of Westminster and the Grosvenor family are at number 14 with a net worth of almost £10 billion. While their property interests are diverse, the fact that they own fast tracks of land in central London makes them one of the key fashion retail landlords there. And their ownership of many luxury enclaves in the West End underlines that.
At number 23 on £7.7 billion is Anders Holch Povlsen along with his family. He has big stakes in ASOS and Debenhams Group as well as controlling most of Topshop and owning the giant Danish Bestseller business.
Also high up on the list at number 28 are Pentland and JD Sports' Stephen Rubin and family on £6.66 billion; Earl Cadogan and family at number 30 with £6.1 billion (they own the Cadogan estate which induces Sloane street and the King’s Road); and Zuber and Mohsin Issa on £6 billion whose purchase of Asda a few years ago also bought them the George at Asda label.
A bit further down, Laurence and Francois Graff of the luxury jewellery brand are on £3.65 billion; Baron Howard de Walden and family who control big parts of the Marylebone shopping district are on £3.2 billion; Mike Ashley who owns most of Frasers Group is on £3.1 billion; and River Island’s Bernard Lewis and family are on £2.7 billion.
New to this year’s list are Castore founders Tom and Phil Beahon. They may only be in 345th place with their joint £350 million fortune, but chances are they’ll rise higher in the list as the years go by.
Other current and past key names further down the list, all with fortunes in the hundreds of millions, are Barbour’s Dame Margaret and Helen Barbour; Matt and Jodie Moulding of THG; Chrissie Rucker and Nick Wheeler of The White Company and Charles Tyrwhitt; David and Victoria Beckham; Matches founders Tom and Ruth Chapman; and Andrew Killingsworth of Yours Clothing.
Meanwhile, Gymshark founder Ben Francis is number four in the The Sunday Times 35 Under 35 Rich List, with his wealth valued at £900 million.
Also on the 35 under 35 list are some names likely to be on the main list at some point. They include Lounge Underwear co-founders Daniel and Melanie Marsden on £151 million; footballer turned fashion entrepreneur Reece Wabara of Manière De Voir at £83 million, and AYBL founders Reiss and Kristian Edgerton at £60 million.
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