Covid-19 wipes billions off super-rich; Hindujas lose top spot
LONDON,(HINDUSTAN Hinduja)brothers
TIMES ,17MAY2020- The
lost the top spot in the Sunday Times Rich List as the coronavirus pandemic wiped billions from the wealth of 1,000 super-rich in the United Kingdom, organisers of the list announced on Sunday.
The wealth of the Hinduja brothers is estimated to have dropped by £6 billion in the estimates up to the end of April, which includes the early stages of the pandemic.the list is headed by entrepreneur James Dyson, who made his fortune by inventing bag-less vacuum cleaners.
Dyson and family are estimated to be worth £16.2 billion, while Sri and Gopi Hinduja and family are
worth £16 billion. List compiler Robert Watts said: “Ever since the financial crisis of 2008-9, Britain’s wealthiest people have become richer and richer. Covid-19 has called time on their golden period.this year’s rich list paints a picture of Britain on the brink of calamity - two months after lockdown and already billions of pounds have been wiped out”.
“You may not like the superrich, but it is hard to deny that our economy will need the jobs they create and the taxes they and their companies pay if we are to escape a prolonged recession that causes further misery to millions.”
The top ten in the list are: David and Simon Reuben (£16 billion), Leonard Blavatnik (£15.78 billion), Jim Ratcliffe (£12.15 billion), Kirsten and Jorn Rausing (£12.1 billion), Alisher Usmanov (£11.68 billion), Guy, George and Galen Jr Weston and family (£10.53 billion), Charlene de Carvalho-heineken and Michel de Carvalho (£10.3 billion), the Duke of Westminster and the Grosvenor family (£10.29 billion).