THE wealth of 16 Sunday Times Rich List energy moguls has risen by £2.792 billion in a year, analysis has shown.

The personal fortunes of entries to this year’s list linked to the energy industry grew by 3.9 per cent since 2025.

This is higher than the wider Rich List rate of 1.4 per cent, the analysis of the stats by End Fuel Poverty Coalition found.

The campaign group’s co-ordinator Simon Francis said: “The figures tell their own story about who is benefiting in the UK from the energy system — and it certainly isn’t hard-up households who are staring at yet another huge jump in their energy bills from July 1. 

“The gap between those who profit from the energy system and those who pay for it has rarely been more visible.

“The government must ensure that those who profit from the energy bills crisis pay their fare share of tax so ministers have the resources to help the households who need help most, including wiping out consumer energy debt. 

“But we can’t go on like this, we need changes to the energy system and faster roll-out of energy efficiency and clean energy to break the link between volatile fossil fuel markets and household bills.”

Oil and gas company bosses have seen their personal stakes in the industry rise as conflict in the Middle East pushes up the prices households pay.

Previous analysis of energy industry profits found that firms made £26.2bn in profit in just the first three months of 2026.

Rich List household names with energy interests include Jim Ratcliffe, majority owner of the global petrochemical and energy giant Ineos who appears ninth on the list, and Octopus boss Greg Jackson, who appears 268th on the list and grew his wealth by £65 million in a year to half a billion pounds. 

They also include the country’s fourth richest person Idan Ofer, a major shareholder in Kenon Holdings, whose primary business is OPC Energy, and Royal Mail owner and West Ham United major shareholder Daniel Kretinsky.

He is co-owner of European energy company EPH, which owns gas-fired power stations and has operations across Europe spanning the entire energy market chain from production.

The Department for Energy and Net Zero was contacted for comment.