LONDON: The Hinduja family was today named the UK’s richest British Asians for the fifth consecutive year, with an estimated net worth of 22 billion pounds.
The London-headquartered Hinduja Group – headed by brothers Srichand P Hinduja, Gopichand P Hinduja, Prakash P Hinduja and Ashok P Hinduja – had a robust 2017 to add an impressive 3 billion pounds to their total net worth from the previous year, according to the annual ‘Asian Rich List’ published by UK-based Asian Media Group (AMG).
“The Hindujas’ trading empire is spread over five continents and run by four brothers and their children – a testament to their incredibly strong family values. The group has what GP Hinduja likes to call 10 ‘verticals’, spanning a variety of sectors and allowing true diversification,” the Rich List notes.
Indian steel tycoon Lakshmi N Mittal came in second with an estimated 14 billion pound fortune, up from the previous year’s 12.6 billion pounds.
Mittal is followed by another India-born entrepreneur Sri Prakash Lohia, the founder and chairman of Indorama Corporation – a diversified petrochemical and textile company, with an estimated net worth of 5.1 billion pounds.
This year’s list shows the combined overall net worth of the featured 101 UK-based millionaires of South Asian origin hit 80.2 billion pounds in 2017, an increase of just under 11 billion pounds over the previous year.
The top 10 richest British Asians are valued at a total of 54.25 billion pounds, representing 68 per cent of the total figure. (AGENCIES)
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