As per latest edition of Sunday Times Rich List, Indian-origin Hinduja Brothers (Srichand Hinduja and Gopichand Hinduja) have topped the 2017 list of the richest people in the United Kingdom (UK). Their estimated fortune stood at £16.2 billion marking a £3.2 billion hike over previous year’s estimate.
Highlights of 29th edition of Sunday Times Rich List:
The entry threshold for this year’s Sunday Time Rich List of the UK’s 1,000 wealthiest people is £110 million.
- Despite uncertainties on account of Britain’s decision to leave European Union in June 2017, the 1000 super rich collectively earned a staggering £658 billion during last one year.
- This year’s super-rich line-up is more diverse as compared to previous years’ with more women and individuals from ethnic background. The list also has artists, egg farmers and pet food makers, which breaks the myth that super rich emerge only from heavy industries and tech sector.
Besides Hinduja Brothers, 40 other Indian-Origin Tycoons are on Sunday Times Rich List. India-born entrepreneurial brothers, David and Simon Reuben have ranked 3rd on the list with a fortune of £14 billion. They had topped the list last year. Steel tycoon Lakshmi N. Mittal and family ranked at fourth position with assets worth £13.2 billion. It is to be noted that he Mittals topped the list in 2008 with £27.7 billion fortune.
Top 5 Indian-origin Tycoons in Sunday Times Rich List of UK:
|David and Simon Reuben||3|
|Lakshmi Mittal and Family||4|
About Hinduja Brothers:
- Srichand Hinduja and his brother Gopichand moved to London in 1979 to develop the export business of Hinduja Group companies.
- They have made their fortune from investments in industries such as oil and gas, automotive, IT, energy, media, banking, property and healthcare sectors.
- Currently they have taken up £350-million project of converting the Old War Office in London into a five-star hotel and luxury apartments.
- As per Bilan’s 2016 ‘Swiss Rich List’, the Hinduja brothers also own assets worth £3.6 billion in Switzerland.