Many of the most powerful companies in the world are owned by Asian businessmen and women — and many of them live in the UK. Top 10 Richest Brit Asians in The UK
The Asian Rich List 2018, which will be presented on Friday night at the 21st annual Asian Business Awards (ABA) in London, recognises the 101 wealthiest Asians in the UK.
Top 10 Richest Brit Asians in The UK
The list, compiled by Asian Media Group (AMG) in association with UBS, has become the definitive guide to ultra-high net worth individuals and Asian business success in the UK.
Scroll down to see the 10 most powerful and successful people from the Asian Rich List.
Note: Some calculations were based on the value of the entire family, which is indicated below.
10. Rajesh Satiija Ram — £1.3 billion.
Indian-born Rajesh Ram Satiija made his fortune in Africa, and is one of the continent’s most enterprising business figures.
With a reputation as “Mr Lucky,” he pushed up his net worth with investments in the mining and agriculture industries. His Sun and Sand Group spans three continents and his valuation rose from £910 million in 2017 to £1.3 billion this year, one of the biggest jumps on the list.
He has a home in Mayfair and is now looking at a public flotation for his fast expanding group, where revenues have tripled over the last few years.
9. Jasminder Singh — £1.5 billion.
67-year-old Jasminder Singh OBE, a British Sikh, is the chairman and CEO of Edwardian Hotels.
He owns 14 luxury hotels in central London under the Radisson Blu Edwardian brand, as well as The May Fair Hotel.
8. Zuber & Mohsin Issa — £1.3 billion.
Ranked in 34th place last year, the valuation of brothers Zuber & Mohsin Issa has risen by a whopping £1 billion in just one year.
They are the owners of Lancashire-based petrol company Euro Garages Limited, which has gone from a “slightly worn petrol station” in 2001 to one of Europe’s leading companies in the sector as part of the EG Group.
7. Cyrus and Priya Vandrevala — £2.1 billion.
45-year-old Indian private equity investor and philanthropist Cyrus Vandrevala co-founded Intrepid Capital Partners with Pete Musser in 2001, of which he is now vice chairman.
He and his wife, Priya, created the Vandrevala Foundation, which supports mental illness.
6. Anil Agarwal — £2.3 billion.
66-year old Anil Agarwal is the executive chairman of Vedanta Resources, one of the fastest growing mining and metals group in the world.
Top 10 Richest Brit Asians in The UK
Agarwal lives in London, but his philanthropic activities are targeted at eradicating poverty in India by creating jobs and contributing to GDP growth through his business operations.
5. Simon, Bobby, and Robin Arora — £2.3 billion.
The Indian Arora brothers have discount retailer B&M to thank for their fortune. They acquired the chain in 2004 from Phildrew Investments, when it had 21 stores. In 2016, it opened its 500th store.
B&M sells a wide range of products including furniture, TVs, food, toiletries, and toys.
4. Sir Anwar Pervez — £2.4 billion.
83-year-old Bestway chairman Sir Anwar Pervez has risen from seventh to fourth place on the list, and his valuation grew by £350 million since the release of last year’s rich list.
He came to Britain at 21 from Pakistan. In 1963, he established his first convenience store in London’s Earls Court, changing the name to Bestway by the early 70s.
He opened Bestway’s first wholesale warehouse in 1976. The company is now a multibillion-pound enterprise and his son, Dawood, is the trading director of Bestway Wholesale.
3. Sri Prakash Lohia — £5.1 billion.
The 66-year-old Indonesian chairman of the Indorama Corporation, a petrochemical and textile company, is worth a whopping £5.1 billion, up an entire £1.1 billion on last year.
2. Lakshmi Mittal — £14 billion.
Lakshmi Mittal is the 68-year-old CEO and chairman of ArcelorMittal, the world’s largest steelmaking company. His valuation has grown by over £2 billion since 2017.
1. Gopichand and Srichand Hinduja (and family) — £22 billion.
The Hinduja family have maintained their position at the top of the list for the fifth year in a row.
Gopichand and Srichand Hinduja are now worth £22 billion, up from £19 billion last year.
They are two of four brothers who control the Hinduja Group, a multinational empire with businesses ranging from trucks to banking and gulf oil.
The group was started by Parmanand Deepchand Hinduja. Seven members of the third generation now work in the group, which is spread over five continents.
Srichand, born in 1935, Gopi, born in 1940, and Prakash Parmanand, born in 1945, live in London. Their youngest brother, Ashok, lives in Mumbai.
The family also added a further £3 billion to their total net worth in the past year, taking them to an astounding total net worth of £22 billion.
Of the family-run business, GP Hinduja, co-chair of the group, said: “The third generation has turned out more intelligent, smarter and more capable than any of us.”
Oringinal News Source : uk.businessinsider.com