The Sunday Times Rich List 2022: Who are the richest people in Scotland this year?

The 68-page special edition of The Sunday Times Magazine reveals the wealth of the 250 richest people in Britain in its 34th annual edition.

There are a record 177 billionaires in the UK this year, up six from 2021. The combined wealth of the UK billionaires is £653.122 billion, up £55.853 billion – 9.4 per cent – on the total wealth of the billionaires in last year’s Rich List. Overall, the richest 250 in the UK this year are worth £710.723 billion, compared to £658.089 billion in 2021, an 8 per cent rise on last year.

There are 10 billionaires at the head of the 2022 Scottish Rich List with a combined wealth of £23.054 billion. More than a quarter of this is in the hands of number one on the list.

Some faces from previous lists have slipped from the top ten, including Monaco-based Jim McColl, 70, head of Clyde Blowers, the East Kilbride engineering operation, now worth £996 million, down £4 million after a fall in the value of investments, who has lost his Rich List billionaire status.

Ranked 12 in Scotland, worth £850 million, is Harry Potter author and Edinburgh resident JK Rowling, who has added £30 million to her personal fortune since 2021.

"Scotland's richest people have fared less well than those elsewhere in the UK, with half of this year's 10 Scottish billionaires seeing their fortunes fall over the past year,” said Robert Watts, the compiler of The Sunday Times Rich List. “The combined wealth of the country’s 10 billionaires is still up, at nearly 2& on 2021.

“As the economy continues to work through the damage wrought by the pandemic, surging inflation, and the disruption to markets caused by the war in Ukraine are now making the business environment difficult."

See the list in full over on The Sunday Times.