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News 2014
News ->Hindujas top the Asian Rich List 2014

Hindujas top the Asian Rich List 2014
18th May 2014

Hindujas top the Asian Rich List 2014Asian industrialists Sri and Gopi Hinduja have topped The Sunday Times Rich List published on 18th May 2014 with an estimated combined wealth of £11.9 billion, fending off last year's lead Russian Alisher Usamanov whose mining and investment wealth is estimated at £10.65 billion. Steel magnate Lakshmi Mittal, who held the richest man in Britain spot for eight consecutive years in a row between 2005 and 2012, made a comeback to take the third spot on this league table of wealth with an increased estimated fortune of £10.25 billion. Compiled by Philip Beresford, the list notes that "Britain's wealthiest people have doubled their wealth in the past five years with the top 1000 worth a record £519 billion". Although the 'Asian Rich List' is not specifically published, information about Britain's 20 Richest Asian Millionaires (below) is derived from The Sunday Times Rich List.


Asian newcomers include Rajesh Satija, an Indian entrepreneur who moved to the UK last year. Mr Satija has mining interests in Africa and an estimated fortune of £390 million putting him in twentieth place of Asian Rich and at number 254 in The Sunday Times Rich List 2014. Founders of recently floated fashion online retailer BooHoo.com, Mahmud Kamani and family enter the list at number 307 with an estimated worth of £300 million. Mohammad Zahoor, a British-Pakistan citizen built up ISTIL group with interests in steel, plastic and media and enters the list also at joint 307th place. Together with his wife Kamaliya, a former Mrs World 2008 turned pop singer, the couple are worth £300 million. Vipul Thakrar and family who were expelled from Uganda in 1972 make their debut into the Rich List at number 514 following the sale of their Essex-based Tilda Rice business this year - their estimated wealth is £220 million.

Britain's 20 Richest Asians

Britain's 20 Richest Asian Millionaires
No Po* Name
Worth
Sector
1 1 Sri and Gopi Hinduja
£11,900m
Industry & Finance
2 3 Lakshmi Mittal & family
£10,250m
Steel
3 45 Sri Prakash Lohia
£2,110m
Energy
4 47 Lord Paul & family
£2,000m
Industry
5 49= Anil Agarwal
£1,700m
Mining
6 62 Simon, Bobby & Robin Arora
£1,400m
Discount Stores
7 70 Sir Anwar Pervez & family
£1,310m
Cash and carry
8 98= Ajay Kalsi and family
£1,000m
Gas
9 121 Jasminder Singh & family
£840m
Hotels
10 123 Navin and Varsha Engineer
£810m
Pharmaceuticals
11 150 Yusuf Hamied
£597m
Pharmaceuticals
12 170 The Jatania Brothers
£600m
Toiletries
13 182 Raj Matharu & family
£568m
Property & Hotels
14 190= Zameer Choudrey & family
£525m
Cash and carry
15 190= Bhikhu & Vijay Patel
£525m
Pharmaceuticals
16 229 Felix Grovit
£450m
Foreign Exchange
17 238 Tom Singh and family
£430m
Retailing
18 244 Ramesh & Pratibha Sachdev
£418m
Care Homes
19 253= Tony Fernandes
£392m
Aviation
20 253= Rajesh Satija
£390m
Mining

* Position in The Sunday Times Rich List 2014.

Visit www.thesundaytimes.co.uk/richlist (Subscription Required) for the full list.

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