Sir Frederick Barclay and his family are absent from this year's Sunday Times Rich List due to insufficient "robust financial data" to estimate their wealth, according to Robert Watts, the list's compiler.
The Brecqhou-based family has long been a staple on the list, thanks to their business empire that has included well-known brands like Littlewoods and the Telegraph.
Watts explained that due to "a lot of noise" in the data about the Barclays, they "don't feature this year."
Instead, whisky magnate Glenn Gordon and his family have been named the richest people in the Channel Islands, moving up from second place last year.
Gordon, who heads William Grant & Sons, is worth £5.6bn with his family, according to the list. The company, known for producing Glenfiddich, Balvenie, and Drambuie, is the third-largest scotch whisky manufacturer in the world, per the Scotch Whisky Industry Review.
The Gordon family, who reside in Jersey, have increased their wealth by over £1bn since last year, according to the Sunday Times.
Jersey's Chris and Sarah Dawson, of Plymouth-based The Range, are in second place with a net worth of £2.5bn, up nearly £500m from last year. In third place is Jersey's Simon Nixon of Moneysupermarket, worth nearly £1.9bn.
Guernsey's richest family, Douglas and Dame Mary Perkins of Specsavers, are fourth with a total wealth exceeding £1.5bn.
Guernsey-based financier and Bristol City FC shareholder Steve Lansdown is fifth on the list, with a net worth of £1.16bn.
How much are the top five worth?
Glenn Gordon and family (£5.619bn)
Chris and Sarah Dawson (£2.5bn)
Simon Nixon (£1.88bn)
Douglas and Dame Mary Perkins and family (£1.587bn)
Steve Lansdown (£1.168bn)
The Rich List reveals the wealth of the 350 richest people in the British Isles in 2024.
A total of 165 billionaires were recorded in the UK, down 12 from 2023, the largest fall in the billionaire count in the guide’s 36-year history.
The list shows the combined wealth of UK billionaires is more than £795bn - a sum larger than the annual gross domestic product of Poland.
Mr Watts said: "This year’s Sunday Times Rich List suggests Britain’s billionaire boom has come to an end. "Many of our home-grown entrepreneurs have seen their fortunes fall and some of the global super rich who came here are moving away."
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