Hindujas retain top spot in Britain’s wealthiest Asian list

The Hinduja brothers – Gopichand and Srichand – retained the top spot in the annual compilation of Britain’s richest Asians with an estimated net worth of £19 billion, with steel magnate Lakshmi Mittal second with £12.6 billion, according to the list revealed on Friday.

The 2017 Asian Rich List, which profiles the top 101 highest earners in the British Asian community, valued the top 10 wealthiest Asians in Britain at an estimated £48.4 billion and sees the Hinduja family increasing their valuation by £2.5 billion, while Mittal has almost doubled his net worth from £6.4 billion in 2016.

The list, which was revealed at the 20th annual Asian Business Awards, is considered a guide to Asian wealth in Britain and a window to the economic achievements of a community.

The list is dominated by business leaders from a range of industries, most notably pharmaceuticals, healthcare, and cash and carry businesses, which when combined make up more than 20% of the list.

Businesses based in and around London make up more than half of the list.

Speaking at the event, London mayor Sadiq Khan said: “London is home to one of largest, and most diverse South Asian communities in the world, which contributes a huge amount to our city’s success – socially, culturally and economically. Nowhere is that clearer than in the business community.”