UK

Hindujas continue to be wealthiest Asians in UK

hinduja-bros (Left to right) The Hinduja Brothers – Prakash, Srichand, Gopichand and Ashok | Image courtesy: Hinduja website

Britain's 101 wealthiest Asians are collectively worth £69.9 billion

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017with an estimated wealth of £19 billion, an increase of £2.5 billion over last year, according to an annual ranking of the richest Asians in Britain.

Steel tycoon Lakshmi N Mittal secured the second place with a fortune of £12.6 billion - up from £6.4 billion last year - in the Eastern EyeAsian Rich List, Britain's 101 Wealthiest Asians 2017, released last night.

According to the list, the Hinduja brothers -- Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai - have seen sharp increases in profitability in Ashok Leyland, IndusInd bank, Gulf Oil, energy and real estate.

This has justified the family's long adopted policy of pursing the path of diversity, the list said.

Britain's 101 wealthiest Asians are collectively worth £69.9 billion, up from £55.4 billion last year, a rise of 25 per cent.

According to the list, the recovery in the European steel market has enabled the Mittal family to double its net worth during the year.

Prakash Lohia, Chairman of the Indorama Corporation (Petrochemicals) is the third richest in the list with a fortune worth £4 billion -up £1 billion over last year.

Anil Agarwal, executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world, is fourth in the list along with Arora brothers - Simon, Bobby and Robin who own a chain of retail stores.

Leading NRI industrialist Lord Swraj Paul is 14th in the list with an estimated wealth of £800 million as against £300 million last year.

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Topics : #business

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