These are the top 25 richest people in Britain (and none of them are the Queen)

According to the Sunday Times Rich List 2015, the 1,000 wealthiest individuals and families now have a combined fortune of just over £547 billion ($838 billion).

Leading the pack is Len Blavatnik, the London-based, Ukrainian-born, US citizen who is the owner of Warner Music Group with an estimated fortune of £13.17 billion ($20.2 billion).

While it is perhaps unsurprising that Russian oligarchs, energy and commodity magnates, and families living off inherited assets top the list, the biggest shock may be the fact that the Queen failed to make the top 300 for the first time.

But this could all change when the updated rankings come out in two months' time. After all, the world has witnessed a global slump in oil and commodities prices and emerging market turmoil has hit some of the richest people in the world hard.