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Who’s up, who’s down: Suffolk’s richest people revealed in Sunday Times Rich List 2024

Suffolk’s richest people have been revealed in this year’s Sunday Times Rich List.

Newmarket-based Kirsten Rausing tops the list for Suffolk with an estimated net worth of £12.63 billion, up by £634 million from 2023.

She, and brother Jorn are at number 11, down from position nine, in the full list of 350 richest people in Britain, according to the The Sunday Times.

Kirsten Rausing. Picture: Mark Westley
Kirsten Rausing. Picture: Mark Westley

The Swedish businesswoman, who owns a third of the holding company Tetra Laval, sits on the company board alongside other members of her family.

Jon Hunt, owner of Heveningham Hall near Halesworth, is next on the UK list at position 120, up from position 124, with a fortune of £1.424 billion, down by £24 million on last year.

Mr Hunt is the founder of the Foxtons estate agency group with his wealth founded in property.

Earl of Iveagh
Earl of Iveagh

The Earl of Iveagh, owner of the Elveden Hall estate on the Norfolk-Suffolk border, is at position 179, down from 172 last year with his wealth, shared with the Guinness family, standing at £916 million, down £67 million on last year.

Patricia Thompson, owner of Cheveley Park Stud – Newmarket’s oldest racehorse breeder – has a net worth of £873 million with her family, down £11 million, amassed through a combination of food and horse racing. She is at position 195 compared with 188 last year.

The 2024 Sunday Times Rich List is the definitive guide to wealth in the UK.

The list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts, to which the paper has no access.

Ed Sheeran. Picture: EACH
Ed Sheeran. Picture: EACH

The special edition of The Sunday Times Magazine also reveals the largest fall in the billionaire count in the guide’s 36-year history, from a peak of 177 in 2022 to 165 this year.

This year’s list of 350 individuals and families together hold combined wealth of £795.361 billion — a sum larger than the annual GDP of Poland.

Ed Sheeran remains the richest young musician in the UK and the richest person under 40 in the East of England.

The singer/songwriter, from Framlingham, paid himself £62 million for the first half of his Mathematics world tour, taking his total wealth to £340 million.

He is just pipped at the post at 350 in the latest Sunday Times Rich List by Sir Lewis Hamilton, whose overall value of £350 million also sees him debut in the list for 2024.

The minimum entry for the list of 350 this year is £350 million.

Sir James Dyson, remains the richest person in the East of England with an estimated wealth of £20.8 billion.

The full Sunday Times Rich List 2024 can be seen here