Friday, December 12, 2025
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

    Police Arrest Another Nabha Jail Break Accused Sulakhan Singh

    Police Arrest Another Nabha Jail Break Accused Sulakhan Singh
    Sulakhan Singh alias Babbar Sultan was arrested from Nawanshahr bus stand at around 10.30 am

    Police Arrest Another Nabha Jail Break Accused Sulakhan Singh

    56-Year-Old Indian Man Khandu Patel Killed In Crossfire Outside US Motel

    56-Year-Old Indian Man Khandu Patel Killed In Crossfire Outside US Motel
    30 shots went off. Investigators say one of those bullets hit Mr Patel. He was standing at the back of the motel when he was shot and later died at the Regional Medical Center

    56-Year-Old Indian Man Khandu Patel Killed In Crossfire Outside US Motel

    South Africa: Indian-Origin Man Strangles 7-yr-Old Son To Death In Front Of 4-Year-Old Daughter

    An Indian-origin man has been arrested in South Africa for allegedly strangling his seven-year-old son to death while his four-year-old daughter watched in horror.

    South Africa: Indian-Origin Man Strangles 7-yr-Old Son To Death In Front Of 4-Year-Old Daughter

    She Survives Rape, Now She Has To Fight Her School's Wrath

    She Survives Rape, Now She Has To Fight Her School's Wrath
    The girl's parents have alleged that the private school denied admission to their child saying it will bring a "bad name" to it.

    She Survives Rape, Now She Has To Fight Her School's Wrath

    Trump Failed In His First 100 Days: Indian-American Congresswoman Pramila Jayapal

    Trump Failed In His First 100 Days: Indian-American Congresswoman Pramila Jayapal
    Indian-American Congresswoman Pramila Jayapal has said that US President Donald Trump has failed to keep his poll promises since he took office in January.

    Trump Failed In His First 100 Days: Indian-American Congresswoman Pramila Jayapal

    PICS: Hindu Temple Vandalised In Pakistan

    PICS: Hindu Temple Vandalised In Pakistan
    A Hindu temple in Pakistan was vandalised on Friday by some unidentified persons in the southern Sindh province.

    PICS: Hindu Temple Vandalised In Pakistan