In Scotland, retailer Anders Holch Povlsen held on to the top spot with a net worth of nearly £8 billion – an increase in wealth of £974m from last year.
Sir Ian Wood and JK Rowling also featured in the top 10 list in Scotland with a net worth of £1.91 billion and £945 million respectively.
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.
“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.”
Here is the list of the 10 richest people living in Scotland in 2025.
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5. Lady Philomena Clark and family
Lady Philomena Clark and family, who own Arnold Clark have an estimated worth £1.656 billion, up by £75 million on last year. They place 4th in the Scottish rich list and 102nd in the UK list | John Devlin
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6. Mahdi al-Tajir
Businessman Mahdi al-Tajir, who owns Highland Spring, is the 5th richest person in Scotland with a net worth of £1.643 billion - up by £2 million from last year | Alan Richardson Pix-AR.co.uk
7. James and Sandy Easdale
James and Sandy Easdale own McGill's Bus Company - the largest independent bus operator in the UK. The brothers have a combined net worth of £1.46 billion, placing them 6th on the Scottish rich list | Getty Images
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8. Sir Brian Souter and Dame Ann Gloag
Stagecoach Group founders, Sir Brian Souter and Dame Ann Gloag, placed 9th on the Scottish rich list this year and 197th in the UK. The have a combined fortune of £805 million – down £10 million from last year | Getty Images