The strongest published estimate located is £160 million for Raj Sehgal, Sanjeev Mehan and family combined, in the 2016 Sunday Times Rich List as reported by ITV News Tyne Tees. It is a dated family estimate—not a current valuation or an estimate for either man individually. No current public net-worth figure for either man or the family was identified in the sources reviewed.
What is Raj Sehgal and Sanjeev Mehan’s net worth?
There is no substantiated current individual net-worth figure for Raj Sehgal or Sanjeev Mehan in the available public sources. The best-supported published figure is a 2016 estimate of £160 million for Sehgal, Mehan and family together, attributed to the Sunday Times Rich List 2016 and reported by ITV News Tyne Tees. The list placed the family at regional rank 15 and associated them with Union Property Services.
That figure should not be split between the two men or described as their net worth today. Rich-list estimates are not audited personal financial disclosures, and the source reports a combined family amount rather than separate holdings.
How the published estimates compare
| Estimate | Who it covers | Source and context |
|---|---|---|
| £57 million | Sehgal, Mehan and family | Reported in 2006 by Oneindia News, attributing the estimate to the Daily Telegraph young entrepreneurs list. |
| £160 million | Sehgal, Mehan and family | Sunday Times Rich List 2016 estimate, as reported by ITV News Tyne Tees; regional rank 15. |
The 2006 report is available from Oneindia News. These are estimates from different years and lists, not directly comparable audited balance sheets. They do not establish how the family’s wealth changed between those dates, nor what it is now.
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What the reports say about the source of their wealth
The 2006 Oneindia report linked the family’s business background to a 2005 management buyout of South Shields-based fashion business Visage Holdings, led by Sehgal and Mehan. It reported that Visage had 400 employees worldwide and turnover of £114 million in the year to March 2005, and described Visage Retail as supplying sporting-kit brands to major retailers.
Those figures describe a historical business and period. Company turnover is not personal wealth: it is revenue generated by a business, not the value of an owner’s assets after liabilities. The report does not provide a basis for calculating either man’s current net worth from Visage’s historical turnover or the family estimate.
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What the 2024 tribunal decision does—and does not—show
A decision released on 25 March 2024 by the Upper Tribunal identifies Sehgal and Mehan as respondents in HMRC’s appeal concerning transactions connected to a prior Visage share sale and an indemnity. The decision records disputed tax liabilities of £606,480 each for the 2010–11 tax year. That amount relates to the tax liabilities under appeal; it is not a net-worth estimate or a disclosure of current assets.
The tribunal dismissed HMRC’s appeal. Its formal disposition states: “Accordingly, whilst we find that the FTT Decision contains errors of law, on a correct analysis we agree with the final result and accordingly the appeal is DISMISSED.” The decision is available from the Upper Tribunal. The case concerns the appeal’s tax-law issues; it does not establish the men’s present wealth.
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What company records can tell you
A Companies House record for TudorKnight Limited lists both men as persons with significant control who ceased in that role on 24 April 2019. This is information about one company, not a complete inventory of either man’s business interests or assets. Companies House notes that it does not check the accuracy of filed information. The TudorKnight Limited record therefore cannot establish their current holdings or net worth.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why there is no reliable current figure
A personal net-worth calculation would require current, comprehensive information about assets and liabilities. The public records cited here do not provide that. An old rich-list estimate, historical company revenue, a past share-sale-related tax dispute, or a record for one company cannot independently establish a current valuation. The responsible answer is to report the dated £160 million family estimate with its attribution and leave current individual net worth unknown.
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