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

Other than the Indian business tycoons, business barons of Russia are also listed in Britain’s ultra-rich club. Alisher Burkhanovich Usmanov, who is part owner of the English football club Arsenal is worth 16.4 billion pounds. Apart from Usmanov, the other two Russians in the list include, Roman Abramovich, owner of the Chelsea Football Club, an English Premier League football team worth 12.1 billion pounds and Leonard Blavatnik, owner of LyondellBasell Industries, the third largest chemical producing company in the world worth 9.5 billion pounds.

“The wealth composition of the United Kingdom, London in particular is diverse,” said David Lincoln, Director of Research at Wealth-X to Hindustan Times. “This is reflected in our data showing that 31 percent of the ultra-high net worth (UHNW) in the United Kingdom is considered non-domiciled, with non-resident Indians and West Asian ultra-high net worth Indians making up a significant proportion in wealth.” The combined wealth of all UHNW put together is estimated at 1.3 trillion pounds.

One can say that a boom in commodities and metal markets have seen a sharp reversal in the fortunes of Indian-born business tycoons.