Hindujas Retain Top Slot in Britain’s Rich List


Billionaire British-Indian businessmen Sri Chand Hinduja and Gopi Hinduja retain their position as Britain’s Richest. Former No 1 Lakshmi Mittal is on fourth position ….reports Asian Lite News

Hinduja Brothers on the cover of Sunday Times Rich List – File 2016

British-Indians Sri Chand Hinduja and Gopi Hinduja remain on the top position of The Sunday Times Rich List. The Hindujas are now worth £16.2 billion. The list shows there are more billionaires in the UK than ever. The wealthiest 1,000 people and families have a total wealth of £658bn, which is up 14% on last year’s £575bn. The benchmark to enter the list is £110m now – a sharp climb from the £15m required two decades ago.

The richest people are Sri and Gopi Hinduja, with £16.2bn. The brothers, aged 81 and 77, are among 134 billionaires on the list and have made their fortune from investments in industries such as oil and gas, automotive, IT, energy, media, banking, property and healthcare sectors. Their latest project is converting the Old War Office in London into a five-star hotel and luxury apartments.

London Mayor Boris Johnson with Mr. Gopichand Hinduja, Co-Chairman of the Hinduja Group (File)

Lakshmi Mittal and family are fourth and clocked the biggest increase in wealth within the past 12 months, having added more than £6bn to their £13.229bn fortune, one of the highest annual rises to date.

Mittal, 66, is the largest steelmaker in the world and has felt the benefits of the industry’s resurgence. Shares in his main operation, ArcelorMittal, went up sharply following a 1.8bn dollar profit in 2016.

Here are the top 20 wealthiest in the 2017 Sunday Times Rich List:

1 Sri and Gopi Hinduja (Industry, Finance)

2 Len Blavatnik (Investment, Music, Media)

3 David and Simon Reuben (Property, Internet)

4 Lakshmi Mittal and family (Steel)

5 Alisher Usmanov (Mining, Investment)

6 Ernesto and Kirsty Bertarelli (Pharmaceuticals)

7 Guy, George and Galen Jr Weston and family (Retailing)

8 Kirsten and Jorn Rausing (Inheritance, Investment)

9 The Duke of Westminster and the Grosvenor family (Property)

10 Charlene de Carvalho-Heineken and Michel de Carvalho (Inheritance, Brewing, Banking)

11 Hans Rausing and family (Packaging)

12 John Fredriksen and family (Shipping, Oil services)

13 Roman Abramovich (Industry, Oil)

14 Sir James Dyson and family (Household goods, Technology)

15 Sir David and Sir Frederick Barclay (Property, Media, Internet retailing)

16 Mohamed Bin Issa Al Jaber and family (Hotels, Food, Industry)

17 Earl Cadogan and family (Property)

18 Jim Ratcliffe (Chemicals)

19 Nicky Oppenheimer and family (Mining, Diamonds)

20 Carrie and Francois Perrodo and family (Oil, Gas, Wine)