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Hinduja brothers regain top spot in UK rich list

Srichand and Gopichand Hinduja have returned as the United Kingdom’s wealthiest in the 2019 Sunday Times Rich List, with steel magnate Lakshmi Mittal and family and mining major Anil Agarwal making it to the top 20 richest.

world Updated: May 12, 2019 17:19 IST
Prasun Sonwalkar
Prasun Sonwalkar
Hindustan Times, London
Srichand Hinduja,Gopichand Hinduja,World news
Srichand Hinduja(AFP file photo)

Srichand and Gopichand Hinduja have returned as the United Kingdom’s wealthiest in the 2019 Sunday Times Rich List, with steel magnate Lakshmi Mittal and family and mining major Anil Agarwal making it to the top 20 richest.

The Hinduja brothers replace British businessman Jim Ratcliffe on the top spot with a wealth of £22 billion, up £1.35 billion on last year’s list. The Mumbai born property developers, David and Simon Reuben, took the second spot with £18.6 billion.

The Hinduja brothers with interests in banking, oil and gas, IT and property topped the list in 2014 and 2017. The London-based Srichand, 83, and Gopichand, 79, are two of four brothers controlling the group.

Industrialist Swraj Paul and family are placed 69th with a wealth of £ 2 billion.

Robert Watts, who compiled the year’s list, said: “On the face of it this looks like a bumper year for the super-rich, with record wealth, more billionaires and the entry level rising to £120 million”.

“But many of the rich are nursing big losses after a year of turbulence on the stock market and political deadlock in Westminster. Technology is making and breaking fortunes. We are finding young entrepreneurs making vast sums of money from online fashion retail, dating apps and creating YouTube videos.”

The UK has 151 billionaires, third after the United States (463) and China (294). India has 76 billionaires, according to the Sunday Times. London is estimated to have 95 billionaires – more than any city in the world – with Mumbai 33 and Delhi 15.

Indian-origin billionaires, millionaires in Sunday Times Rich List:

Rank Name Industry Worth in pounds
26Prakash Lohia Textiles and plastics5.402 billion
63Simon, Bobby and Robin Arora Discount stores2.26 billion
69Swraj Paul and family Industrialist2 billion
75Sunil Vaswani and family Transport and food1.969 billion
84Navin and Varsha Engineer Pharmaceuticals 1.7 billion
86John Shaw and Kiran Mazumdar-ShawPharmaceuticals 1.689 billion
112Raj, Tony and Harpal Matharu and family Property and hotels1.32 billion
136Surinder Arora and family Hotels1.129 billion
138Jasminder Singh and family Hotels1.1 billion
174Bhikhu and Vijay Patel Pharmaceuticals 800 million
218Jatania brothers Toiletries and property643 million
219Ranjit and Baljinder Boparan Food 640 million
241Tony Fernandes Aviation587 million
268Sukhpal Singh Ahluwalia and family Car parts500 million
304Amit and Meeta Patel Pharmaceuticals450 million
312Kuljinder Bahia and family Travel427 million
339Kartar and Tej LalvaniHealth Supplements390 million
380Apurv Bagri and familyMetals349 million
385Tom Singh and family Fashion and property340 million
439Sharan Pasricha Hotels298 million
478Vikrant Bhargava Gambling260 million
484Sanjay Vadera and family Perfume257 million
542Kishore Lulla and family Media220 million
554Moni VarmaFood218 million
562Vipul Thakrar and family Food214 million
564Lord Alli Media and fashion212 million
587Mayank Patel Foreign exchange205 million
627Anwar and Yakub Patel Pharmacies198 million
637Koolesh Shah and family Hotels192 million
641Nik and Monisha Kotecha and family Pharmaceuticals190 million
680Tarsem Dhaliwal Frozen food178 million
694Tejani family Paper products173 million
703Nick Dhandsa and family Care homes170 million
719Kirti Patel and family Pharmaceuticals165 million
719Lord Verjee Finance and retailing165 million
726Raj and Sanjeev Mehan and family Fashion and property163 million
731Dhamecha family Cash and carry, and property160 million
768Chai Patel Healthcare154 million
768Suneil Setiya Finance154 million
851Aran and Arvan Handa and family Hotels140 million
867Raj Manak Construction137 million
876Anish KapoorArt135 million
884Nitin Sodha and family Pharmaceuticals134 million
888Surinder Kandola Food133 million
934Hitesh and Dilesh Mehta Perfume126 million
934Nandlal and Deep Valecha Gas services126 million
972Lord and Lady Popat and family Care homes and hotels 121 million

First Published: May 12, 2019 14:50 IST