Indians Account For 22 Pct Of Britain's Ultra- Rich Club

By siliconindia   |   Tuesday, 31 July 2012, 11:27 Hrs   |    1 Comments
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Bangalore: As the saying goes - The Rich get Richer… And the lure of money has no bounds. Even as United Kingdom is to come in terms with the Global Recovery, Indian- origin business tycoons are making headline in the Sunday Times Rich List for 2011 for UK, reports Track. In.

Rajasthan-born Lakshmi Nivas Mittal has yet again topped with a coveted numero uno position for the sixth consecutive year for the UK’s Top 15 Rich List. A sharp recovery in the Steel markets has enabled the steel baron to witness a surge in his fortunes from 10.8 billion pounds in 2010 to 22.45 billion pounds in 2011.

Another Indian-born business tycoon Anil Agarwal of mining group Vedanta Resources witnessed a surge in his wealth from 600 million pound to a whooping 4.2 billion pounds. In this journey of fortune making, Agarwal saw the highest improvement by 60 places up the list with six-fold jump in his wealth as the share prices of Vedanta added 3.5 billion pounds to their business.

The two other Indians on the top 15 list are the Hinduja brothers- Srichand at Number 9 with a net worth 7.6 billion pounds and Gopichand at twelfth position with 6 billion pounds.

Taking together, the wealth of the three Indian-origin industrialists makes up 22 percent of the top 15 of the ultra-rich club to a total of 133.33 billion pounds.

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