Ian and Richard Livingstone, the London property magnates whose net worth skyrocketed with their investment in Swedish-based online gambling outfit Evolution Gaming, dropped from 27 to 31 on the list with a £400m decrease to their £5.7bn. The bookmaking industry was well represented in the 2022 edition of the list, with Denise, John and Peter Coates of Stoke-based gambling giant bet365 coming in 17th with an increase of £189m over the last year taking their net worth to £8.637bn. The Rausings' £12bn fortune, which stems from inheriting one-third each of their grandfather's Switzerland-based packaging group Tetra Laval as well as other investments, has dropped by £1bn from last year, when they occupied seventh on the list. The property tycoons, who also teamed up with Saudi investors and the British financier Amanda Staveley and own a ten per cent stake in football team Newcastle United, were not the only prominent names from the world of horseracing to make the top ten, with owner-breeder and Jockey Club member Kirsten Rausing appearing in ninth with her brother Jorn. The brothers, who own 16 racecourses and four greyhound tracks under the Arc banner, increased their net worth by £800 million in the last year to £22.265 billion. The billionaire owners of Arena Racing Company, David and Simon Reuben, have dropped from second to third in the new Sunday Times Rich List.
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