Lakshmi Mittal, Prakash Lohia, Swraj Paul and Anil Agarwal among London's 72 billionaires
London, May 11:
The Hinduja brothers have emerged the richest persons in the UK, which boasts of 102 billionaires, including Lord Swraj Paul and four others of Indian-origin.
London-based Srichand and Gopichand Hinduja, who have a fortune of £11.9 billion — "up by an astonishing £1.3 billion in the past year" — edged out steel tycoon Lakshmi N Mittal and Russian magnate Alisher Usmanov, according to the Sunday Times Super-Rich List.
The Hinduja brothers, who run a multinational conglomerate with interests spanning the automotive, real estate and oil sectors, moved up from third position last year to top the charts this year.
The list — a full version of which will be released next Sunday — also includes NRI industrialists such as Lakshmi Mittal and family, Prakash Lohia, Lord Swraj Paul and family, Anil Agarwal, and Ajay Kalsi and family among the city's 72 billionaires.
Mittal also edged one position upwards to the third rank with £10.25 billion even as Russian magnate Alisher Usmanov, who topped the list till last year, fell to the second place.
"Last year, the Hindujas sold a 49 per cent stake in a Saudi Arabian lubricants maker, Petromin, for more than £200 million. Property investments in India have added £200 million. The family's IndusInd bank is capitalised at about £2.7 billion. In Britain, Hinduja Automotive turned over about £1.5 billion in 2012-13," the newspaper said.
Leading NRI industrialist and Caparo chief Lord Swraj Paul is ranked Britain's 48th richest, with an estimated worth of around £2 billion.
(This article was published on May 11, 2014)
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