At £22 billion, Hinduja brothers are the richest Asians in UK
LONDON: The Hinduja brothers topped the Asian Rich List for the fifth year in a row while the combined net worth of 101 UK-based millionaires in the list increased by nearly £11 billion since the last year, according to the 2018 list released here on Friday.
The Asian Rich List 2018 published by the Asian Media Group (AMG) shows the combined overall net worth of the featured 101 UK-based millionaires topping the £80.2 billion mark, (an increase of just under £11 billion since last year), with the top 10 being valued at a total of £54.25 billion and representing 68% of the total figure.
Based on a robust business performance in 2017, the Hinduja brothers, Srichand P Hinduja, Gopichand P Hinduja, Prakash P Hinduja and Ashok P Hinduja, topped the list for the fifth year in a row, adding a further £3 billion to their total net worth, taking them to a total net worth of £22 billion.
The list was released at the annual Asian Business Awards event, attended by leading lights of the Indian and Asian community. The awards were presented by Dinesh Patnaik, India’s deputy high commissioner.
Shailesh Solanki of AMG said: “The list shows the remarkable strength and diversity of Asian businesses in the UK. Despite the challenges of the general economy many business leaders in the community have seen opportunity and potential and moved quickly to capitalise”.
“It is an inspiring picture and one that should energise entrepreneurs everywhere. What is doubly encouraging and reassuring to see is the high levels of philanthropy from the millionaires”.