LONDON: The Indian-born Hinduja brothers have been displaced to second position by chemicals entrepreneur Jim Ratcliffe in an annual rich list of Britain’s wealthiest released today.
London-based Srichand and Gopichand Hinduja are listed with an estimated fortune of around 20.64 billion pounds, compared to Ratcliffe’s 21.05 billion pounds, in the ‘Sunday Times Rich List’.
They lead nearly 47 Indian-origin super-rich in the 2018 list of the UK’s 1,000 wealthiest people.
“Britain is changing. Gone are the days when old money and a small band of industries dominated the ‘Sunday Times Rich List’. Aristocrats and inherited wealth has been elbowed out of the list and replaced by an army of self-made entrepreneurs,” notes Robert Watts, who compiled the list.
“Today’s super rich include people who have set up businesses selling chocolate, sushi, pet food and eggs. We’re seeing more people from humble backgrounds, who struggled at school or who didn’t even start their businesses until well into middle age,” he said.
Ratcliffe, described as a self-made British-born industrialist who came from very humble beginnings to launch chemical firm Ineos, has jumped to top place from 18th in 2017 by amassing nearly 15.3 billion pounds over the past year.
“London-based Gopi, 78, and Sri, 82, oversee the family empire. Brothers Prakash, 72, and Ashok, 67, are based in Geneva and Mumbai respectively,” the list notes in reference to the Hinduja brothers, who saw a hike in their fortunes of around 4.44 billion pounds over the past year but missed out on the top spot this year. (AGENCIES)
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