Mittal richest Asian in Britan

The Hinduja brothers retain their position as the second richest Asians in Britain after Mittal.

Noted industrialist Lakshmi Mittal remains the richest Asian in Britain in 2006 with a wealth of 14.8 billion pounds, according to Philip Beresford, author of the Sunday Times Rich List.

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The latest listing shows that the wealth of Britain's richest 300 Asians jumped by over 40 per cent in a year, while the total wealth of British Asians went up from 24.9 billion pounds in 2005 to 35.5 billion pounds this year - an increase of 42 per cent.

In 2006, Mittal, chairperson of the world's largest steel company Mittal Steel, continues to be the richest Asian in Britain. The wealth of Sri Chand Hinduja, 70, and Gopi Chand Hinduja, 66 - chairman and president respectively of the Hinduja Group - has more than doubled from 1.5 billion pounds in 2005 to 3.6 billion pounds this year.

The Hinduja brothers retain their position as the second richest Asians in Britain after Mittal.

Reports say he lives in Gibraltar to take advantage of the favourable tax laws on gambling.