The Sunday Times have released their annual Rich List rankings, with golfer Rory McIlroy the clear victor among young sports stars under the age of 30 in Britain and Ireland.
Mr Ratcliffe, whose firm is now locked in a legal battle with the Scottish government over its moratorium on fracking, emerged in pole position after additional details led to a "substantial revaluation" of his assets.
Mr Ratcliffe is chairman and CEO.
In second place were Sri and Gopi Hinduja whose personal wealth was valued at £20.64bn, up £4.44bn from a year ago.
Ed's success has placed him second on the musicians under 30 rich list, coming behind Adele, who has stayed at the top with $198 million (£140 million) - an increase of $20 million (£15 million) on the year before.
A record number of billionaires with a connection to Scotland are included in an annual list of the UK's wealthiest people.
Falling sales at his flagship brands Topshop and Miss Selfridge as well as his promise to contribute £363 million towards the pension deficit led to Sir Philip's fortune dropping by £787 million to £2 billion. The Duke is also the UK's youngest billionaire.
The 27-year-old inherited his fortune two years ago through a trust which listed him as a beneficial, rather than legal, owner - exempting him from paying 40% inheritance tax.
"Britain is changing", said Robert Watts, the compiler of the list. Part of the new edition is the Sunday Times Young ... That, however, includes the assets of his wife, Nancy Shevell, who is the heiress to a huge trucking business.
"We're seeing more people from humble backgrounds, who struggled at school or who didn't even start their businesses until well into middle age".