Britain's biggest wealthy lost part of their money in 2020 for the first time in more than ten years due to the Corona epidemic (Coved-19), the Sunday Times reported.    

And the report - which the newspaper publishes annually since 1989 on the wealthiest thousand people in Britain - that their private or family fortunes declined by 54 billion pounds (65.4 billion dollars) in just two months.

As for the cumulative value of the total wealth of the richest of the rich in Britain, it fell to 743 billion pounds (900 billion dollars) in 2020, a decrease of 29 billion from last year.

This is the first time since 2009 that the cumulative value of the wealth of this wealthiest population in Britain has declined, and more than half of these people have lost part of their money this year.

With a fortune of 16.2 billion pounds (about 19.6 billion dollars), inventor and industrial James Dyson topped the ranking after he was in fifth place last year.

This pioneering industrial in the field of household electrical appliances has benefited from the good performance of its companies in exchange for the problems faced by other billionaires.   

As for the Indian industrial poles, the two brothers, Sri and Gobi Hinduja, who topped the ranking in 2019, fell to second place after losing six billion pounds (about 7.2 billion dollars) this year, in the biggest decline in wealth in the ranking.

Their wealth is estimated at 16 billion pounds (about 19.3 billion dollars), equaling that with two other brothers, businessmen David and Simon Roeben.   

In 2020, the number of billionaires in Britain reached 147 billionaires, four people less than last year, and London remains the world capital for billionaires, with 89 of them residing.

The Sunday Times noted in a commentary that "the first detailed analysis of people's wealth has been super-rich since the start of the Covid-19 epidemic fueling fears of a deep and long-term recession."

This comes at a time when the head of the British Budget Office, Robert Chote, announced on Sunday that the British economy will likely recover slowly and will not recover quickly after the suspension of commercial activities due to the Corona virus.

"In practice, I think it is very unlikely that we will see the economy return to the level we would have expected at the end of the year if it were otherwise, but the recovery would be slower," Chote told BBC television.