Associated British Foods’ chief executive George Weston remains in the top 10 of The Sunday Times’ Rich List.

Weston and his uncle Galen, who heads up Canadian food and distribution business George Weston, have dropped one position in the list to 10th with a combined value of £5.9bn – a £100m drop on last year’s figure. Weston has a £1.96bn stake in the business, which owns such brands as Kingsmill, Allinson, Burgen and Sunblest.

This year’s list includes 64 individuals and families coming from the food retailing, drinks and food production sector, including Sir Ken Morrison and his family of the UK supermarket chain, placed at 66 worth £1.1bn, up £76m and two places on the previous year.

Ranjit and Baljinder Boparan of food group 2 Sisters are positioned at 101 in the list, up a staggering 174 places, with a value of £750m and growth of £475m in the past year thanks to the acquisition of Northern Foods. The firm owns such brands as Fox’s biscuits and Goodfella’s pizzas.

Ranked at 158th was Lord Sainsbury and his family, whose supermarket business has helped to value him £520m in 2012, down 46% on the previous year, which positioned the company at 75th position with a value of £960m.

The Bolton-based Warburton family are slightly lower down the table at 164, with a continuous value of £500m over the past two years, but falling 13 places down the list from 151st.

Dionysios Liveras and his family, who sold its Nottinghamshire Laurens Patisserie business for £130m, comes in on the list at 360th remaining steady in value with £215m and down from their position of 325 back in 2011.

The 24th annual Rich List has reported a record value of the 1,000 richest men and women in Britain, which totals £414bn – a 4.7% increase on 2011, when it stood at £395.8bn.