Sunday, June 16, 2024
ADVT 
International

Hinduja Brothers Top UK Annual Rich List

IANS, 08 May, 2017 12:29 PM
    The Hinduja brothers have topped the 2017 list of the richest people in the UK with a wealth of 16.2 billion pounds, a massive 3.2 billion pound hike in their fortunes over the previous year.
     
    'The Sunday Times Rich List' says that Brexit does not seem to have affected the country's billionaires, who grew in numbers with a 14 per cent rise in their fortunes since the referendum last June to earn a record 658 billion pounds collectively.
     
    Srichand and Gopichand Hinduja, aged 81 and 77, lead the pack of 134 UK-based billionaires on the list and have made their fortune from investments in industries such as oil and gas, automotive, IT, energy, media, banking, property and healthcare sectors.
     
    Their latest project is converting the Old War Office in London into a five-star hotel and luxury apartments, the newspaper notes.
     
    Another set of India-born billionaire brothers, David and Simon Reuben, who had topped the list last year have moved down to third place with steel tycoon Lakshmi N Mittal at fourth.
     
    The second spot, occupied by the Hinduja brothers until 2016, has been taken over by Ukrainian businessman Len Blavatnik.
     
    "While many of us worried about the outcome of the EU referendum, many of Britain's richest people just kept calm and carried on making billions," said Robert Watts, compiler of the list.
     
    "We expected to see a chilling effect in the run-up to the EU referendum, but that simply did not materialise. A buoyant stock market usually drives the wealth of Rich Listers higher, and since last June equities have soared," he said.
     
    This year's list was also described as more diverse in composition, with more women, more people from ethnic backgrounds, and more from surprising walks of life, with egg farmers and pet food makers among the super-rich line-up.
     
    It now takes assets of 110 million pounds to break into the ranks of the richest 1,000 people in the UK.
     
    The figure in 2016 was 103 million pounds. The top 20 in the list alone are worth a total of 191.77 billion pounds, increasing their wealth by 35.18 billion pounds over the past 12 months. 

    MORE International ARTICLES

    WATCH: Indian Man In New York Robbed While Saving Co-worker From Oncoming Train

    WATCH: Indian Man In New York Robbed While Saving Co-worker From Oncoming Train
    A 34-year-old Indian-origin man is being hailed for his courage and rewarded by the police in the US after he saved the life of his woman co-worker from an oncoming train but was robbed off his bag when he jumped on the tracks to help her.

    WATCH: Indian Man In New York Robbed While Saving Co-worker From Oncoming Train

    Indian-American Doctors To Push For Visa Reforms

    Indian-American Doctors To Push For Visa Reforms
    Influential Indian-American doctors will meet here tomorrow to push for legislative reforms to address the shortage of physicians in the US and speak against recent surge in hate crimes against the community. 

    Indian-American Doctors To Push For Visa Reforms

    1 Dead, 3 Injured In Stabbing In University of Texas In US

    1 Dead, 3 Injured In Stabbing In University of Texas In US
    The suspect, identified by campus police as 20-year-old student Kendrex J White, was apprehended for allegedly attacking four people.

    1 Dead, 3 Injured In Stabbing In University of Texas In US

    Pakistani Man Who Claimed To Be An ISI Agent Turns Out To Be Mentally Unstable

    Pakistani Man Who Claimed To Be An ISI Agent Turns Out To Be Mentally Unstable
    A Pakistani man, who surprised Indian security agencies by claiming to be an ISI agent who wanted to stay in India, has been sent to Nepal after investigators found him to be mentally unstable, officials said.

    Pakistani Man Who Claimed To Be An ISI Agent Turns Out To Be Mentally Unstable

    Bilal Philips, Canadian Muslim Cleric, Banned From Denmark For 'Anti-Democratic' Views

    Bilal Philips, Canadian Muslim Cleric, Banned From Denmark For 'Anti-Democratic' Views
    Denmark's Integration Minister Inger Stoejberg says the government "won't accept that hate preachers ... preach hatred against Danish society."

    Bilal Philips, Canadian Muslim Cleric, Banned From Denmark For 'Anti-Democratic' Views

    Police In Belize Investigating Death Of Toronto Woman, Boyfriend As Homicides

    Police In Belize Investigating Death Of Toronto Woman, Boyfriend As Homicides
    The bodies of Francesca Matus, 52, of Toronto, and Drew DeVoursney, 36, from Georgia, were found Monday afternoon in a sugar cane field in the country's Corozal district.

    Police In Belize Investigating Death Of Toronto Woman, Boyfriend As Homicides