list britain\s superrich get even richer
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Wealthier increased from the recession

List: Britain's super-rich get even richer

Arab Today, arab today

Arab Today, arab today List: Britain's super-rich get even richer

Lakshmi Mittal, chief excutive of the world's biggest steelmaker ArcelorMittal
LONDON - AFP

Lakshmi Mittal, chief excutive of the world's biggest steelmaker ArcelorMittal Britain's richest people got collectively wealthier by 18 % as the rest of the country weathered harsh government cuts, according to an annual list published Sunday. Indian-born steel tycoon Lakshmi Mittal retained the top spot in The Sunday Times Rich List for a seventh straight year, despite seeing about £5 billion ($8 billion, 5.7 billion euros) wiped off his fortune.
The 1,000 richest people in Britain saw their wealth continue to bounce back from the recession and increase to a collective fortune of £395.8 billion.
The number of billionaires in Britain now stands at 73 up from 53 last year and almost matching the record of 75 set in the list of 2008 before the financial crisis. Forty are British-born.
Russian businessman Alisher Usmanov moved from sixth position to second spot in the list after adding £7.7 billion to his fortune, which is now worth £12.4 billion.
Usmanov owns a large stake in Russian iron and steel firm Metalloinvest and recently courted controversy in Britain by trying to build up a controlling stake in English football giants Arsenal.
His bid was thwarted last month when US sports tycoon Stan Kroenke took control of the Premier League side.
Meanwhile the fortune of Mittal, the London-based head of ArcelorMittal, the world's largest steel maker, fell by around 22 percent to £17.5 billion in the past 12 months, the biggest drop on this year's list.
The huge fall in the 60-year-old's wealth was driven by a plunge in the share price of ArcelorMittal as the global steel industry struggled to cope with costly raw materials and slow demand.
The highest new female entry is Chinese businesswoman Xiuli Hawken, 48, who made her fortune converting underground military shelters in China into underground shopping malls. She was ranked 61st, with a fortune of £1.06 billion. She lives in London.
Another new female entry is Mary Perkins, who founded the chain of glasses shops, Specsavers, with her husband Douglas. Their wealth has increased 42 % since last year and stands at £1.15 billion.
The increased wealth comes as most of the country faces harsh austerity measures introduced by the coalition government to cut Britain's record deficit.
The list, which is for those who have Britain as their home or main base of operations, is based on identifiable wealth such as land, property or significant shares in publicly quoted companies, and excludes bank accounts.
- Britain's top 10 billionaires in The Sunday Times Rich List 2011 (last year's rank in brackets):

1. Lakshmi Mittal -- steel -- £17.514 billion (1st)

2. Alisher Usmanov -- steel -- £12.4 billion (6th)

3. Roman Abramovich -- oil, industry -- £10.3 billion (2nd)

4. The Duke of Westminster -- property -- £7 billion (3rd)

5. Ernesto and Kirsty Bertarelli -- pharmaceuticals -- £6.87 billion (4th)

6. Leonard Blavatnik -- industry -- £6.237 billion (15th)

7. John Fredriksen and family -- shipping -- £6.2 billion (16th)

8. David and Simon Reuben -- property, Internet -- £6.176 billion (5th)

9. Gopi and Sri Hinduja -- industry, finance -- £6 billion (new)

9. Galen and George Weston -- retailing -- £6 billion (7th)

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

list britain\s superrich get even richer list britain\s superrich get even richer

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

list britain\s superrich get even richer list britain\s superrich get even richer

 



GMT 09:54 2017 Monday ,13 November

Hany Ramzy prepares for new film

GMT 02:13 2017 Thursday ,31 August

RI tourism ready to compete in ASEAN community

GMT 11:38 2017 Tuesday ,14 November

Arab media development is lost in translation

GMT 07:56 2017 Tuesday ,19 December

Fatah’s leader rebukes Trump’s decision

GMT 11:26 2017 Wednesday ,26 April

Settlers uproot 300 olive trees, Ramallah

GMT 05:34 2017 Sunday ,22 October

Hamilton overshadows Vettel in final practice

GMT 16:49 2017 Tuesday ,28 March

Settlements undermine 2-state solution
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday