The richest people in Britain have suffered from the worst fall in fortune since the credit crunch in 2007, according to The Sunday Times Rich List 2016.
The newspaper, which lists the 1,000 wealthiest individuals and families in the UK, said that the commodities-market crash has had such a pronounced effect on some of Britain's most wealthy people that they've seen their fortunes crater by over 50% over the last few years.
Regular rich list member and steel magnate Lakshmi Mittal has seen his wealth crash by around 75% since 2008 — he used to be worth £27.7 billion but now he's worth £7.12 billion. Len Blavatnik, the London-based, Ukrainian-born US citizen who is the owner of Warner Music Group, dropped from the No. 1 spot this year. And the Queen has failed to make the top 300 for the second consecutive year.
Only those who have significant property investments have seen their fortunes grow due to the housing boom.
Take a look at who made the top 25 spots this year below:
25. Baroness Howard de Walden and family
Net worth:£3.63 billion ($5.22 billion)
Age: 80
The eldest of four daughters of the late Lord Howard de Walden leads the family's property empire, which grew by £400 million in 2014 to 2015. The family controls 90 acres of central London land.
The Sunday Times said that "with central London values holding up well, we value the family's business assets at £3.4 billion ($4.9 billion) and add £230 million ($331.28 million) for other wealth."
24. Denise, John, and Peter Coates
Net worth:£3.765 billion ($5.422 billion)
Age: 48, 46, 68
Denise Coates is Britain's richest self-made woman thanks to turning her small betting shop into the world's largest online gambling company — Bet365.
The Sunday Times said that the family mortgaged all of their "small chain of pretty rubbish betting shops," as described by Denise, to buy the Bet365 domain name for $25,000 on eBay.
Now Bet365 is worth at least £3.5 billion.
23. Bruno Schroder
Net worth:£4.06 billion ($5.84 billion)
Age: 83
Schroder and his family own a £3.7 billion ($5.32 billion) stake in City-based asset-management group Schroders. He is the great-great-grandson of John Henry Schroder, who cofounded the Schroders businesses in 1804. He is still a nonexecutive director of the group.
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