Anders Holch Povlsen, CEO of the international retail clothing chain Bestseller and the largest shareholder in ASOS tops Scotland in The Sunday Times Rich List, published today online and in the print edition of the newspaper on Sunday, May 18. Since last year he has seen an increase in wealth of £974m, bringing his net worth to £7.704bn.
Media and television personality Georgia Toffolo, who is married to BrewDog entrepreneur James Watt, ranked top in Scotland for the richest under 40 category with a wealth of £425m.
The 76-page special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide’s 37-year history, from a peak of 177 in 2022 to 156 this year. The number of billionaires has dropped for three successive years – but this year's decline is the sharpest yet.
This year’s list of 350 individuals and families together hold combined wealth of £772.8 billion — 3 per cent down on last year. Sir Elton John, Lord Lloyd-Webber, Sir Mick Jagger, Keith Richards, Euan Blair, Sir Lewis Hamilton and Sir Christopher Nolan all appear in the annual survey. The combined wealth in the 37th annual edition is £772.8 billion — a sum larger than the annual GDP of Switzerland.
The minimum entry level flatlines at £350 million — another indicator of a subdued year.
Robert Watts, compiler of the Sunday Times Rich List, said: “The Sunday Times Rich List is changing. Our billionaire count is down and the combined wealth of those who feature in our research is falling. We are also finding fewer of the world’s super rich are coming to live in the UK.
“This year we were also struck by the strength of criticism for Rachel Reeves’s Treasury. We expected the abolition of non-dom status would anger affluent people from overseas. But homegrown young tech entrepreneurs and those running centuries-old family firms are also warning of serious consequences to a range of tax changes unveiled in last October’s budget.
“Our research continues to find a wide variety of self-made entrepreneurs building fortunes not just from artificial intelligence, video games and new technologies but also mundane, everyday items such as makeup, radiators and jogging bottoms. We know many of our readers find these people and their stories inspiring — especially the many who had tough starts or setbacks to their lives and careers.”
For the full list of the richest people in Britain in 2025 - make sure to read The Sunday Times Rich List 2025 by clicking here.
1. Anders Holch Povlsen
Anders Holch Povlsen is Scotland's richest resident with a value of £7.704 billion, which also makes him the 23rd richest person in the UK. His fortune comes from the Danish fashion retailer Bestseller. He is also the second largest stakeholder in German brand Zalando and the largest shareholder of Asos. He is also the Scotland's largest private landowner, living in Aldourie Castle on the shores of Loch Ness. | Ritzau Scanpix/AFP via Getty Ima
2. Glenn Gordon and family
Glenn Gordon is the head of Scottish Whisky dynasty William Grant & Sons and a descendant of the company's founder, William Grant. They are worth £6.398 billion, making them the second richest people in Scotland, and the 29th in the UK. | Contributed
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3. Sir Ian Wood and family
Ian Wood and family claim their fortune from the oil industry, primarily from North Sea oil reserves. They are worth £1.914bn, making them the third richest people in Scotland, and 88th in Britain in 2025. | Lisa Ferguson
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4. Lady Philomena Clark and family
Lady Philomena Clark and family own Arnold Clark. The only Glaswegians on the top 10, they are estimated to be worth £1.656 billion. This makes them the fourth richest family in Scotland, and 102nd in the UK. | John Devlin