Sunday Times Rich List

The UK's 1,000 wealthiest people are now worth a record £414 billion, with Lakshmi Mittal topping the Rich List for the eighth year running.

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Britain's richest people in the music industry

Sir Paul McCartney came fourth in the music millionaires rich list Credit: REUTERS/Jonathan Ernst

1 - Clive Calder - £1.3bn

2 - Lord Lloyd-Webber - £680m

3 - Sir Cameron Mackintosh - £675m

4 - Sir Paul McCartney - £495m

5 - Simon Fuller - £375m

6 - Simon Cowell - £200m

7 - Sir Elton John - £195m

8 - Sir Mick Jagger - £190m

9 - Sting - £180m

10 - Keith Richards - £175m

Facfile: The Sunday Times Rich List

  • There are 77 billionaires in the 2012 Rich List, two more than the previous record of 75 in 2008.
  • Individuals need at least £72 million to make the list, £2 million more than last year.
  • The richest woman is Staffordshire-born former Miss UK Kirsty Bertarelli, who shares a £7.4 billion fortune with her husband Ernesto.
  • Andrey Andreev, the London-based Russian businessman who founded the online dating site Badoo, is a new entrant with a worth of £500 million.

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Britain's top 10 richest

Chelsea owner Roman Abramovich is the third richest man in the UK Credit: REUTERS/Andrew Winning

1 - Lakshmi Mittal and family - £12.7bn.

2 - Alisher Usmanov - £12.3bn.

3 - Roman Abramovich - £9.5bn.

4 - Sri and Gopi Hinduja - £8.6bn.

5 - Leonard Blavatnik - £7.58bn.

6 - Ernesto and Kirsty Bertarelli - £7.4bn.

7 - The Duke of Westminster - £7.35bn.

8 - David and Simon Reuben - £7.08bn.

9 - John Fredriksen and family - £6.6bn.

10 - Galen and George Weston and family - £5.9bn.

Lakshmi Mittal tops Rich List despite fortune losses

Lakshmi Mittal tops the Rich List for the eight straight year Credit: REUTERS/Charles Platiau

Indian steel magnate Lakshmi Mittal has topped the Sunday Times Rich List despite seeing 27% wiped off the value of his family fortune in the last year.

The loss came after a dramatic drop in the share value of his principal business, the giant steel producer ArcelorMittal.

The Mittals have now been number one in the rich list continuously since 2005.

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