The richest people in Suffolk have been revealed in this year's Sunday Times Rich List.

Newmarket-based Kirsten Rausing tops the list for Suffolk with an estimated net worth of £12.63billion, up by £634million in 2023.

The 71-year-old owns a stake in the packaging company Tetra Laval, sitting on the company board. She is also a member of the Jockey Club and is a Conservative Party donor.

East Anglian Daily Times: Kirsten Rausing's wealth has increasedKirsten Rausing's wealth has increased (Image: Newsquest)

Mrs Rausing's wealth is more than £10bn than the next richest person from Suffolk on the list. 

Jon Hunt, the owner of Heveningham Hall near Halesworth, made his fortune in estate agency, founding the company Foxtons. 

He is currently worth an estimated £1.424bn, down £24m on the previous year.

East Anglian Daily Times: Ed Sheeran is the wealthiest youngest musicianEd Sheeran is the wealthiest youngest musician (Image: PA)

The world-renowned Ed Sheeran, who grew up in Framlingham and still lives nearby, remains the richest young musician in the UK, with a total wealth of £340m.

He is the richest person in the East of England under 40.

Former Ipswich Town owner Marcus Evans is 168th on the list, with his wealth estimated at around £975million.

The Earl of Iveagh, who is the owner of the Elveden Hall estate on the Norfolk-Suffolk border, is also among the richest people in the country with a fortune of £916m.

East Anglian Daily Times: Former Ipswich Town owner Marcus EvansFormer Ipswich Town owner Marcus Evans (Image: Newsquest)

Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Sunday Times Rich List suggests Britain’s billionaire boom has come to an end.

"Many of our home-grown entrepreneurs have seen their fortunes fall and some of the global super rich who came here are moving away. 

“These may be harder times to create wealth, but The Sunday Times Rich List continues to unearth entrepreneurs building fortunes in diverse and often surprising ways.

"This year’s new entries include people who have made money from artificial intelligence and virtual worlds as well as plumbing supplies and teaching aides."