LONDON -- The Queen has fallen out of the Sunday Times' annual rich list for the first time.
Her wealth may have grown by £10 million over the past year, but it's not enough to keep her in the countdown of the 300 richest people in Britain, thanks to a dramatic increase in the country's billionaires.
A fortune of £100 million is required to make it into the top 1,000. In 1997, you just needed £15 million to make the grade, the Evening Standard reports.
The Queen is thought to be worth around £340 million, a relative pittance that places her at number 302.
Ukrainian-born businessman Len Blavatnik tops the list, with wealth reported to be around £13.17 billion. His acquisition of the Warner Music Group has been credited as a big factor in his fortune.
The combined fortune of the wealthiest 1,000 individuals has doubled over the last decade, meanwhile, from £250 billion in 2005 to £540 billion.
Those 1,000 richest people have more money than the poorest 40% of households combined, according to the Equality Trust.
Paul McCartney, Andrew Lloyd-Webber and U2 topped the list of richest musicians, with £730 million, £650 million and £431 million respectively. Which makes them all worth more than the Queen.