Hinduja family tops Asian Rich List 2019 with net worth of £25.2bn

Tycoons top the list for 6th consecutive year

London, March 23: Leading London-based NRI industrial tycoons, the Hinduja family top the Asian Rich List 2019 for the sixth successive year with an estimated net worth of £25.2 billion, an increase of over £3 billion over the previous year.

According to the Asian Rich List 2019 released at the Asian Business Awards here on Friday night, Steel magnates Lakshmi Mittal and his son Aditya Mittal remained in second place, with £11.2 billion — down £2.8 billion.

India’s high commissioner to the UK Ruchi Ghanashyam released the list which is a compilation of the 101 wealthiest Asians in Britain, highlighting exceptional entrepreneurial achievement over the last 12 months.

S.P. Lohia (Petrochemicals) took the third place with £5.8 billion.

The entries of the Asian Rich List 2019 have a combined wealth of more than £85.2 pounds.

The figure is increasing year on year and this year’s overall wealth increases by over £5billion.

The list features seven new entries, including Hotelier Joginder Sanger and his son Girish Sanger who enter at number 40 on the list with an estimated value of £300 million.

Leading NRI entrepreneur Lord Swraj Paul and family are 17th in the list with a net worth £900 million — an increase of 100

million pounds over the previous year.

Shailesh Solanki, executive editor of Asian Marketing Group (AMG) publisher of the Rich List said, "The Asian Rich List is carefully compiled by a team of experts and it is the definitive guide to Asian wealth in Britain."

Gopi Chand Hinduja, cochairman of the Hinduja Group, said "our existing portfolio of companies is all in the sunrise sectors. Our focus is on banking and financial services,

healthcare and of course, philanthropy."

In London, the Hindujas are continuing with the conversion of the Old War Office, on which they have a 250-year lease, into a luxury residential and 125room Raffles Hotel complex. He said in India, there has been investment worth `1,000 crore (£108 million) in car and bus manufacturers Ashok Leyland, where Gopi’s younger son, Dheeraj Hinduja, is chairman.