Hindujas are wealthiest Asians in UK in 2017

Hindujas are wealthiest Asians in UK in 2017

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017 with an estimated wealth of 19 billion pounds, an increase of 2.5 billion pounds over last year, according to an annual ranking of the richest Asians in Britain.

Steel tycoon Lakshmi N Mittals secured the second place with a fortune of 12.6 billion pounds – up from 6.4 billion pounds last year – in the Eastern Eye Asian Rich List, Britain’s 101 Wealthiest Asians 2017, released last night.

According to the list, the Hinduja brothers – Srichand and Gopi in London, Prakash in Geneva and Ashok in Mumbai – have seen sharp increases in profitability in Ashok Leyland, InduSind bank, Gulf Oil, energy and real estate.

This has justified the family’s long adopted policy of pursing the path of diversity, the list said.

Mayor of London Sadiq Khan, who was the Chief Guest at the 20th Annual Asian Business Awards organised by the Asian Media & Marketing Group, presented the first copy of the Rich List to G P Hinduja, Co-Chairman of the Hinduja Group.

Britain’s 101 wealthiest Asians are collectively worth 69.9 billion pounds, up from 55.4 billion pounds last year – a rise of 25 per cent.

According to the list, the recovery in the European steel market has enabled the Mittal family to double its net worth during the year.

Prakash Lohia, Chairman of the Indorama Corporation (Petrochemicals) is the 3rd richest in the list with a fortune worth 4 billion pounds – up 1 billion pounds over last year.

Anil Agarwal, executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world, is fourth in the list along with Arora brothers – Simon, Bobby and Robin who own a chain of retail stores.

Leading NRI industrialist Lord Swraj Paul is 14th in the list with an estimated wealth of 800 million pounds as against 300 million pounds last year.

At the awards ceremony, Surinder Arora, founder and Chairman of the Arora Group, collected the prestigious Asian Business of the Year Award. The Arora Group is one of the UK’s largest private owner operator of hotels.

Other winners included Young Entrepreneur of the year Aly Esmail, CEO of SME Group, Entrepreneur of the year Subodh Agrawal, Chairman of Euromax Capital and the Business Personality Award winner Prakash Lohia, Founder and Chairman of Indorama Group.

“London is home to one of the largest, and most diverse South-Asian communities in the world, which contributes a huge amount to the city’s success – socially, culturally and economically,” Khan said in his keynote speech.

Previous Twin explosions near Agra station
Next India 193/2 at lunch on day 3

About author

You might also like

World Business 0 Comments

Rupee depreciates 13 paise against dollar

Rupee depreciated by 13 paise to 66.82 against the US dollar in early trade today on increased demand for the dollar from importers. The rupee had gained 2 paise to

Big Stories 0 Comments

India home to 101 billionaires, Mukesh Ambani tops list: Forbes

India is home to world’s fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new

World Business 0 Comments

Nestle to cut 10% of sugar from all snacks in UK, Ireland

Nestlé, one of the world’s biggest chocolate manufacturers, will take 10% of the sugar out of its confectionery in the UK and Ireland by 2018. The corporation says the cut

World Business 0 Comments

Amazon’s India head Amit Agarwal promoted as Senior VP

US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with

International 0 Comments

Chinese growth target cut to 6.5% down from 6.5 to 7%

Chinese growth target for this year has been cut to around 6.5 per cent, down from 6.5 to 7 percent last year. The announcement was made by Premier Li Keqiang

World Business 0 Comments

State of Hawaii to challenge new Trump immigration order in court

In the United States, the State of Hawaii has said in a court motion that it intends to seek a temporary restraining order against President Donald Trump’s new executive order

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply

Leave a Reply