For the seventh consecutive year, the Sunday Times Rich List 2011 announces that Asian Steel Magnate Lakshmi Mittal and Family is the richest Asian person in Britain. Although his fortune has become smaller (by 5 Billion GBP) due to fluctuating share valuations, he also has the fastest growing fortune on the Times Top 1000 Rich List.
Richest Asians in the UK 2011
Asian UK Based Sterling Billionaires:
1. Lakshmi Mittal and Family – Estimated wealth : £17.51 Billion
Lakshmi Mittal is the richest Asian in the UK 2011 and UK’s Richest Person, he is the Chairman and CEO of ArcelorMittal, the worlds largest steel making company. As the UKs richest person he also qualifies as the second richest person in Europe and the sixth richest person in the world. Lakshmi Mittal is an independent Director of Goldman Sachs and serves on numerous boards and councils.
2. Gopi and Sri Hinduja – Estimated wealth : £6 Billion
Gopi and Sri Hindjua are the owners of the Hinduja Group. The Group is involved in many sectors including Oil, Vehicle Manufacturing, Defence, Banking, Casting and Information Technology. The Company was originally founded by their father Parmanand Deepchand Hinduja in 1914.
3. Ravi Ruia – Estimated wealth : £4.9 Billion
Ravi Ruia is Vice-Chairman of Essar Group a multi-national corporation involved in communications, steel, energy, power, logistics and shipping. Ravi’s brother Shashi has the role of Chairman of the company. In 200o the Ruia brothers earned $6.3 billion when they sold their 33% stake in Hutchison-Essar to Vodafone.
4. Anil Agarwal – Estimated wealth : £3.81 Billion
Is the founder of UK based company Vedanta Resources Corporation. He currently lives in London with his wife and two children. Vedanta Resources is a global mining and resources company with operations in India, Australia and Zambia. The company has been listed on the London Stock Exchange is is one of the FTSE 100 companies.
5. Sri Prakash Lohia – Estimated wealth : £1.31 Billion
Is the Chairman of Indorama ventures, he is one of three brothers that run the company that is involved in the plastics and polymers industry.
6. Ajay Kalsi and family – Estimated wealth : £1.14 Billion
Is a self-made Billionaire and founder of Oil and Gas exploration company Indus Gas. He is also an active member of the World Economic Forum.
Other Notable Asians on the Sunday Times Rich List 2011 include:
Lord Paul and Family that have an estimated wealth of £850 million
The Jatania Brothers with an estimated wealth of £700 million
Yusuf Hamied with an estimated wealth of £687 million
Sir Anwar Pervez and Family with and estimated wealt of £550 million
The richest asians in the UK 2011 are predominantly made up from Indian decent.