Overview
- The Sunday Times Rich List, published Friday, valued David and Victoria Beckham at £1.185bn, making him the first British sports figure to reach billionaire status.
- List compilers credited a surge in the value of his Inter Miami stake and the Miami Freedom Park real-estate project, along with income from endorsements and Victoria Beckham’s fashion and beauty brand.
- The list’s reordering showed contrasting moves, with promoters Barry and Eddie Hearn entering the billionaire bracket at about £1.035bn and Sir Jim Ratcliffe down to £15.194bn after a lower INEOS valuation tied to rising debt, weaker revenue and a £515.7m loss.
- The Hinduja family led the overall ranking at £38bn, while the UK counted 157 billionaires this year and the estimated minimum to enter the main list stood near £340m.
- Compiler Robert Watts noted more wealthy individuals relocating to places such as Dubai, Switzerland and Monaco, a shift he said could affect where businesses grow, jobs are created and taxes are paid.