India-born Hinduja brothers have emerged as Britain’s richest, valued at £11.9 billion, in the Sunday Times’ annual list of the super rich.
Gopichand and Srichand Hinduja run the multinational Hinduja Group with interests across automotive, real estate and oil.
Arsenal shareholder and Russian tycoon Alisher Usmanov fell to second place after his estimated fortune dropped to £10.65 billion. He is followed by Laskshmi Mittal with £10.25 billion, registering a growth of £250 million.
London now has the most billionaires for any city with 72. The total number for U.K. has crossed 100 for the first time to reach 104 billionaires with a combined wealth of over £301 billion. The next most prosperous city in the world is Moscow with 48 billionaires, just ahead of New York and San Francisco.
The Duke of Westminster is the richest Briton with around £8.5 billion and is ranked 10th. Other notable figures in the top 25 include Chelsea Football Club owner Roman Abramovich (£8.52 billion), Sports Direct owner Mike Ashley (£3.75 billion) and Virgin Group founder Sir Richard Branson (£3.6 billion).
“London is the financial centre of the world. It straddles time zones so they can come here and get the best financial advice. They like the culture, the tax regime is very nice for them and they feel safe here,” says ‘Rich List’ author Philip Beresford, explaining London’s supremacy.
