According to the Sunday Times rich List 2018

The Sunday Times Rich List is a list of the 1,000 wealthiest people or families in the United Kingdom, updated annually in April and published as a magazine supplement by British national Sunday newspaper The Sunday Times since 1989

The richest Cypriots are highlighted below.

Sir Stelios Haji-Ioannou and family

The richest Cypriot in the List is Easy Jet founder Sir Stelios Haji –Ioannou (Photo below) at number 48 with a value of £2.95 Billion. Few people have lost more from Brexit than Haji-Ioannou. The morning after the referendum easyJets shares nosedived and have yet to recover.

Stelios and his family have a 34% stake in the budget airline in the past year those shares have risen in value by £927 million contributing the bulk of the £1 Billion rise in the family fortune to £2.95 billion.

He floated his easyhotelchain in 2014 and it is worth £58m with his easy group having a 55% stake. Stelios founded the easyjet budget airline.  Stelios Foundation in the past year. It funds scholarships at the London School of Economics and elsewhere. He also has a charity food from the heart provides poverty relief in Greece and Cyprus.

stelios 89

Sir Stelios Haji-Ioannou


Alki David and the Leventis Family

Second is Alki David (pictured below) at position 62  valued £2.2 billion,he was born In Nigeria his parents from Cyprus and lives here in the UK and Los Angeles. David, who has appeared as heavies and the like in films or TV series in Britain, runs FilmOn, a patented live-streaming Internet business, allowing access to live HDTV streaming via PCs, televisions and cell phones which is worth more than £500 million. David had a controlling 80% stake. Alki David is a member of the prominent Cypriot Leventis family who merged its worldwide bottling operation with Coca Cola to create London listed international drinks bottler Coca Cola HBC. We value the firm at £8.2 billion with the family holding a £1.9 Billion stake up £250 million in a year.

alki david

Alki David

Lazari family

Third  richest are the Lazari family valued at £22 billion at position 66. The death of Chris Lazari two years ago robbed the London property market of one of its shrewdest operators . Chris Lazaris (Photo below) was from Dora in Cyprus,he started in fashion with Drendie Girl he later founded Lazari Investments, the booming Central and North London property operation with 2.8m sq ft of London commercial space plus 113 residential properties and 731 freeholds that is now run by his three children Len, Nicholas and Andrie.

The Lazari family net assets exceeded £1.7 billion in 2016/17 although a recent unpublished audit suggests a figure closer to 1.88 Billion and the family has other interests.

chris lazari

 Chris lazari

John Christodoulou

4th  richest is 52 year old John Christodoulou at £1.5billion and position 90 is Nicosia born John Christodoulou who came to the UK after the Cyprus Turkish invasion he bought his first property in 1964. John is the second largest freeholder in Canary Wharf with 2m sq ft which includes two five star hotels the Marriot and Four Seasons. He also has 2,000 residential and commercial freehold units in Central London other interests include Brazilian land , New York apartments  and  Manchester’s Hilton Tower and Liverpool’s Radisson Blu..

Theo Paphitis

Former Dragon’s Den star Theo Paphitis was born in Limassol, in Cyprus, in 1959 and came here aged six with his parents. He went to the local comprehensive in North London, where they failed to detect his dyslexia but did let him run the school tuck shop. His first job, when he left at 16, was helping make the tea at a Lloyd’s insurer.

He specializes turning round companies , his three main businesses which are stationers Ryman hardware chain Robert Dyas and Boux Avenue Lingerie.

Profits increased at Ryman increased with its assets rising to more than £5 million in 2016/17 to £55.9 million. Theo Paphitis has also recruited Strictly Come Dancing star Mollie King as the face of the lingerie company Boux Avenue.

Paphitis also turned round the La Senza lingerie chain and netted £100 million with its sale. He also has commercial properties all round the UK. Is worth £301 and is placed at 409.

Theo Paphitis at the launch of his seventeenth Boux Avenue lingerie store in Silverburn, Glasgow.November 29 2012

Theo Paphitis


Stelios Stefanou

In position 793with a fortune of £140 million Stelio Stefanou born in Egypt parents from Ktima and Peyia in Cyprus came to England and studied and remained here and built up the Accord maintenance which was sold for £180 million in year 2007. He runs his Hertfordshire based Stefanou foundation charity which promotes the well being of the very young and very old as well as scientific research.


We also have John Fredriksen Shipping Billionaire  said to be the World’s biggest tanker operator in the list. A Norwegian by birth and holds a Cypriot Citizenship since Norway tightened the Tax regime. He made his fortune during the Iran – Iraq war in the 1980’s. He is the 19th  richest person in the UK worth £6.703 billion.

 Greeks from Greece

We have Aristotelis Mistakidis in position 77 valued at £1.9 Billion works in commodities at Glencore. He is chairman of several of Glencores mining companies where he has a 3% stake worth £1.8 Billion.

Anthony Green from the Greek Zochonis Family who produce branded soaps is placed 166 and is valued at £811 million. His family retain a major stake in the Imperial Leather operation.

At spot 174 and 515  at the value of £775 and £185 million we have Greeks Chris Rokos and Trifon Natsis respectively Who set up the Brevan Howard hedge Fund with two other traders . It is one of Europe’s top operations managing funds .

In position 207 at a value of £650 million London born Logothedis brothers George 43 and Constantine 38 run Libra group a Greek shipping ,property, aviation and energy empire. Constantine is based in London but George lives in New York hosted Barack Obama at their Manhattan townhouse .

Coming in at 221 spot is Michael Lemos from the well known Greek shipping family who is worth £605 million. He owns freight forwarding company CM Lemos which has moved property, insurance and tourism.

Alex Goulandris and family is in position 560 with a value of £210 million comes from a famous Greek shipping company, based in London he is chief executive of essDOCS, which provides electronic bills of loading for cargo ships. An art lover he sold a 1951 bronze sculpture by Alberto Giacometti at Sotheby’s in 2014 for $90 million.

Who is the richest person in the UK

Ratcliffe maintains a relatively low profile in Britain as the chief executive of the country’s largest private company which generates sales of around $60 billion (£44.4 billion) by manufacturing petrochemicals, speciality chemicals and oil products.

 The Sunday Times said Ratcliffe had shot up the list of Britain’s most wealthy due to the success of Ineos and after it got access to more detail on the company which is 60 percent owned by its founder.
 Compiling the list for the 30th time, the Sunday Times said the wealth of the 1,000 richest people had jumped by 10 percent this year, and said that they were more diverse than before, with more women and entrepreneurs in the list.
 “Britain is changing,” said Robert Watts, the compiler of the list. “Gone are the days when old money and a small band of industries dominated the Sunday Times Rich List.

“Aristocrats and inherited wealth has been elbowed out of the list and replaced by an army of self-made entrepreneurs.”

The paper said that London was now the number one city in the world for billionaires, with some 93 billionaires born, living or with their businesses based in London, ahead of New York in second.

Leave a Reply