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The seven richest Channel Island residents hold a total of £17.8bn between them.
The Barclay family remain the wealthiest Channel Islanders, with £6.418bn to their name, The Sunday Times Rich List revealed today.
And despite Sir Frederick Barclay being ordered to pay £100 million to his wife and £1 million to his lawyers in the last few years following an acrimonious divorce case, the Barclay family’s wealth still increased by £213m in 2022.
The family, who built a mock-Gothic castle on the small island of Brecqhou in the 1990s and made their money in hotels and media, have regularly topped the Channel Islands’ rich list.
Glenn Gordon and his family, the owners of whisky distillery William Grant & Sons, were named the richest in Jersey and the second-richest in the Channel Islands. They made it into the top 50, placing 44th, in the UK with a fortune of £4.607bn — up £1.212bn from last year.
Pictured: Sir Frederick Barclay and his family are worth more than £6 billion, making them the richest in the Channel Islands and 27th in the UK
Guernsey residents Douw Steyn and his family, whose price comparison site Comparethemarket made meerkats synonymous with insurance, have kept their wealth of £2.1bn and were ranked third-richest in the islands, and 81st in the UK.
Jersey-based Chris and Sarah Dawson, who own the discount retailer The Range, were fourth with £2.025 billion – down £225 million on the previous year. The Dawsons are 85th in the UK.
And Simon Nixon, a Jersey-based entrepreneur who founded the price comparison site Moneysupermarket, may perhaps be looking to his own website for money-saving tips, after losing £100 million last year. But he is still worth £1.825 billion. He squeaked into the UK list's top 100, placing 97th.
Elsewhere in the list, former Trinity Seigneur Steve Morgan, who is worth £785 million, placed 220th - losing £4 million and 10 ranking places.
Paul Sykes, who built his fortune in business and property, is worth £775 million, placing 226th.
Robert Watts, who compiles the Rich List, said that nationally the "golden period for the super-rich is over".
He added: "For the first time in 14 years we’ve seen the number of UK billionaires fall.
"Two years ago we raised concerns about an unsettling boom in the fortunes of the very wealthy that continued unchecked during the political instability around Brexit and the pandemic.
"This is not a crash – but there are household names who have lost vast sums over the past year.
"The bursting of the tech bubble, the end of rock-bottom interests and the jitters creeping through the banking industry have all taken their toll.
"The super-rich don’t exist in a vacuum.
"Many small investors lost money in some of their overblown stock market floats.
"Many people also work for their businesses. Financial losses for billionaires can have implications for us all."
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