Amidst a year of Brexit uncertainty in the UK, one thing is as clear as day that Britain’s richest were getting richer. The fortunes of Britain’s super-rich have been supercharged by the Brexit Boom and guess who has topped this year’s 500 Richest in UK list?
The India-born Hinduja Brothers – Srichand and Gopichand are the richest in Britain with an estimated fortune of £16.2 billion. The Hinduja brothers have retained their top position with a massive £3.2 billion hike in their fortunes over the previous year as Britain’s wealthy who kept calm and carried on making billions during the Brexit Boom. The Indian-origin business tycoons are transforming Westminster’s Old War Office into a luxury hotel, having turned their late father’s business into a vast empire spanning finance, property, oil and plastics.
Apart from the affluent Hinduja men, there are over 40 Indian-origin super-rich in this year’s list which also includes a record number of British billionaires – 134 with 14 new ones emerging over the last year. According to the 2017 Sunday Times Rich List, three out of a 5 richest people in a United Kingdom are of Indian origins in its 29th edition.
The Mumbai-born David and Simon Reuben who were on the top in last year’s Rich list, they have been pushed down to third position with a net worth of £14 billion. And the biggest the biggest leap was by India’s famous steel tycoon Lakshmi Mittal at number four, becoming the third India-born citizen to make it in the top five richest of UK with the net worth of £13.23 billion! Among the top five, Ukranian businessman Len Blavatnik picked up the second position with £15.98 billion net value and Russian oligarch Alisher Usmanov was at fifth position with a worth of 11.8 billion. All foreign-origin businessmen in the top five richest list; what’s up, Brits?