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Updated: March 20, 2011 02:52 IST

Lakshmi Mittal retains top spot

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Lakshmi Mittal
Lakshmi Mittal

Steel tycoon Lakshmi Mittal, a non-resident Indian, has retained his position as the richest Asian in the United Kingdom.

According to the Asian Rich List 2011 by Eastern Eye, a weekly publication brought out by the Asian Media and Marketing Group, Mr. Mittal and his family's wealth stood at £15.5 billion, £1.5 billion less than a year ago.

The Hinduja brothers — Srichand, Gopi, Prakash and Ashok, who have global business in sectors including oil, power, transport, IT and banking — have a wealth of £9 billion, up £1 billion over their wealth a year ago.

Leading NRI industrialist Lord Swraj Paul is listed sixth in the list with wealth worth £600 million.

Vedanta chief Anil Agarwal came third with £4.5 billion.

Jet Airways boss Naresh Goyal is the 10th richest Asian worth £425 million.

Kishore Lulla, the executive chairman of Eros International, worth £285 million, is 16th in the list.

Kartar Lalvani, Chief of Vitabiotics multi-vitamins manufacturer, is 23rd with wealth worth £150 million.

Lord Diljit Rana, Northern Ireland's most famous NRI, is the 44th richest with wealth worth £90 million.

Mr. Mittal, chairman and chief executive of ArcelorMittal, the world's largest steel producer, seems serious about investing in India, the fastest growing economy in the world after China. Mr. Mittal now favours building several smaller projects across India, instead of giant steel plants in Orissa or Jharkhand. He says: “Although 2010 continued to be a challenging year, we saw a slow and progressive recovery which enabled us to deliver a substantially improved performance compared with 2009.”

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