Ed Sheeran, Harry Styles, Anthony Joshua and Rory McIlroy have been named among the top 20 richest people in the UK under 35.

The Sunday Times released its 2023 Rich list this morning with the Hinduja family topping it for a second year in a row. 

The Hinduja's wealth is estimated at £35 billion, which has increased by £6.528 billion in the last 12 months according to the Sunday Times. 

As part of The Sunday Times Rich List 2023, the newspaper giant has also revealed the wealthiest individuals under 35.

Topping the list is the Duke of Westminster with an estimated wealth of £9.878bn. 

“Hughie” Grosvenor, 32, was 25 when he inherited his title — and 300 acres of Mayfair and Belgravia.

He oversees a portfolio which contains real estate in 43 cities across 10 countries.

The Duke of Westminster is also godfather to Prince George. 

Lady Charlotte Wellesley (£2.167bn), daughter of the Duke of Wellington, and co-designer of Amercian restaurant Casa Cruz, is the second richest person under 35. 

While, 28-year-old Australian-born businessman, Johnny Boufarhat (£1.714bn) who created the video conference app Hopin, rounds out the top three.

The top 20 richest people in the UK under 35

The top 20 wealthiest people under 35 as revealed by the Sunday Times Rich List 2023 are as follows:

1. Duke of Westminster - £9.878bn

2. Lady Charlotte Wellesley - £2.167bn

3. Johnny Boufarhat - £1.714bn

4. Ben Francis - £900m

5. India Rose James - £758m

6. Oliver and Alexander Kent-Braham - £455m

7. Ed Sheeran - £300m

8. Rory McIlroy - £200m

9. Adele - £165m

10. Timothy Goodwin - £163m

11. Lewis Morgan - £160m

12. Dan and Melanie Marsden - £151m

13. = David Campbell - £150m

13. = Anthony Joshua - £150m

13. = Harry Styles - £150m

16. Christian Owens - £101m

17. Vishal Karia - £98m

18. Daniel Radcliffe - £92m

19. = Reece Wabara - £83m

19. = Charlie Wilson - £83m

Braintree and Witham Times: Ed Sheeran is among the top 20 richest people in the UK under the age of 35.Ed Sheeran is among the top 20 richest people in the UK under the age of 35. (Image: PA)

There are 171 billionaires in the UK in 2023, down six from 2022, the first time there has been a decline in 14 years. 

Compiler of the Sunday Times Rich List, Robert Watts, said: "This year's Sunday Times Rich List shows a golden period for the super rich is over.

"For the first time in 14 years we've seen the number of UK billionaires fall.  

"This is not a crash - but there are household names who have lost vast sums over the past year."