The Weston family, known for Primark and Fortnum & Mason, hold on to their top ten status in the 2024 Sunday Times Rich List.
- Despite a slight decrease in their wealth, the Westons maintain a significant presence as the sole fashion retailers in the top tier.
- Anders Holch Povlsen, with a major stake in Asos, experienced a notable drop in his ranking this year.
- Stephen Rubin’s family, with substantial holdings in JD Sports, has risen in the rankings.
- Fashion industry veterans like François-Henri Pinault and Mike Ashley have seen shifts in their financial standings.
The Weston family, prominent owners of Primark and Fortnum & Mason, have succeeded in retaining their top ten placement in the prestigious 2024 Sunday Times Rich List, despite slipping two positions compared to last year. Their current ranking at number nine reflects a slight dip in their fortune by £7 million, culminating in a total wealth of £14.4 billion. The family’s status is further accentuated by their unique position as the only fashion retailers within the top ten spots among the 350 entries.
Anders Holch Povlsen, who holds a substantial 27% stake in online retailer Asos, has witnessed a decline, falling 13 places to the 24th position. His wealth currently totals £6.73 billion, marking a significant decrease of £1.77 billion from the previous year. This shift underscores the volatile nature of wealth within the retail sector.
Contrastingly, Stephen Rubin and his family have climbed two positions to rank 26th, with their wealth increasing to £6.5 billion. As major stakeholders in JD Sports, the Rubin family’s ascent reflects their strategic positioning and successful ventures within the sportswear market.
Fashion moguls François-Henri Pinault and Mike Ashley have seen adjustments in their financial rankings. Pinault and his wife, Salma Hayek, presently hold the 31st position with £6.14 billion, down from £8.05 billion last year. Meanwhile, Mike Ashley remains steadfast at the 49th position, although his fortune has experienced a slight reduction to £3.79 billion from £3.84 billion.
Notably, the list documents several other changes among famous retail figures, such as Bernard Lewis of River Island, who has improved his position slightly to 64 with an increase in wealth, now at £2.7 billion. Similarly, the ranking also highlights shifts for individuals such as Philip and Tina Green, Chrissie Rucker, and Nick Wheeler, with a detailed examination of their current standings.
The dynamic shifts in the 2024 Sunday Times Rich List highlight significant movements among major players in the fashion retail sector.
