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118690
Sun, 04/25/2010 - 22:06
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https://oananews.org//node/118690
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Lakshmi Mittal stays top of UK`s rich list
Prasun Sonwalkar and H S Rao
London, Apr 25 (PTI) Defying recession, Britain's super-
rich continued to see their wealth rise with Indian-origin
steel magnate Lakshmi Mittal topping the Sunday Times Rich
List for 2010 for sixth consecutive year with a fortune of
22.45 billion pounds.
India-born mining magnate Anil Agarwal moved 60 places up
to 10th position, thanks to rising share prices of mining
group Vedanta Resources. His wealth jumped from 600 million
pounds to 4.1 billion pounds.
Leading NRI industrialist Lord Swraj Paul, with a fortune
of 550 million pounds in 2010 is the sixth richest Asian
Millionaire and 115th richest in the UK.
Paul, 79, saw his Caparo car components-to-metals group
push its turnover up to a record 861 million pounds in 2008.
High borrowing costs, however, turned a 6.4 million pound
pre-tax profit into a 3 million pound loss. Paul's sons run
the operation while he sits in the House of Lords, the report
said.
Many entrepreneurs, including Mittal, were hit by the
economic downturn in 2009 but the collective fortunes of the
top 1,000 on the list have risen by 30 per cent in the past
year to 333.5 billion pounds.
In the top 1,000, the number of billionaires rose from 10
to 53 in 2010.
Mittal, who owns steel major ArcelorMittal, saw his
fortune double from 10.8 billion to 22.45 billion pounds,
while Russian oligarch Roman Abramovich remains at second
place at 7.4 billion pounds.
"Fortunes in Britain are soaring as the world recovers
from the 2008-09 crash. Stock markets are up, the banks are
back from the brink and economic confidence is blossoming,"
said Philip Beresford, compiler of the list.
As a result, the collective wealth of the 1,000
multimillionaires in the 2010 Sunday Times Rich List has
climbed to 335.5 billion pounds, up 77.265 billion pounds on
2009, he said, adding this is a 29.9 per cent increase, easily
the biggest annual rise in the 22 years of the Rich List.
The Duke of Westminster's wealth rose by 250 million
pounds to 6.75 billion pounds and was placed in the third
place.
Queen Elizabeth, who is Britain's 245th richest person,
saw her personal fortune rise by 20 million to 290 million
pounds.
Harry Potter star Daniel Radcliffe, 20, is the highest-
earning young actor with riches worth 42 million pounds.
The Sunday Times Rich List profiles the 1,000 wealthiest
people in the UK and the 250 richest people in Ireland. (MORE)
PTI
London, Apr 25 (PTI) Defying recession, Britain's super-
rich continued to see their wealth rise with Indian-origin
steel magnate Lakshmi Mittal topping the Sunday Times Rich
List for 2010 for sixth consecutive year with a fortune of
22.45 billion pounds.
India-born mining magnate Anil Agarwal moved 60 places up
to 10th position, thanks to rising share prices of mining
group Vedanta Resources. His wealth jumped from 600 million
pounds to 4.1 billion pounds.
Leading NRI industrialist Lord Swraj Paul, with a fortune
of 550 million pounds in 2010 is the sixth richest Asian
Millionaire and 115th richest in the UK.
Paul, 79, saw his Caparo car components-to-metals group
push its turnover up to a record 861 million pounds in 2008.
High borrowing costs, however, turned a 6.4 million pound
pre-tax profit into a 3 million pound loss. Paul's sons run
the operation while he sits in the House of Lords, the report
said.
Many entrepreneurs, including Mittal, were hit by the
economic downturn in 2009 but the collective fortunes of the
top 1,000 on the list have risen by 30 per cent in the past
year to 333.5 billion pounds.
In the top 1,000, the number of billionaires rose from 10
to 53 in 2010.
Mittal, who owns steel major ArcelorMittal, saw his
fortune double from 10.8 billion to 22.45 billion pounds,
while Russian oligarch Roman Abramovich remains at second
place at 7.4 billion pounds.
"Fortunes in Britain are soaring as the world recovers
from the 2008-09 crash. Stock markets are up, the banks are
back from the brink and economic confidence is blossoming,"
said Philip Beresford, compiler of the list.
As a result, the collective wealth of the 1,000
multimillionaires in the 2010 Sunday Times Rich List has
climbed to 335.5 billion pounds, up 77.265 billion pounds on
2009, he said, adding this is a 29.9 per cent increase, easily
the biggest annual rise in the 22 years of the Rich List.
The Duke of Westminster's wealth rose by 250 million
pounds to 6.75 billion pounds and was placed in the third
place.
Queen Elizabeth, who is Britain's 245th richest person,
saw her personal fortune rise by 20 million to 290 million
pounds.
Harry Potter star Daniel Radcliffe, 20, is the highest-
earning young actor with riches worth 42 million pounds.
The Sunday Times Rich List profiles the 1,000 wealthiest
people in the UK and the 250 richest people in Ireland. (MORE)
PTI
