London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, according to The Asian Age.
There are now 104 billionaires based in the UK with a combined wealth of more than £301 billion.
Indian-born brothers Sri and Gopi Hinduja top the British list with a fortune of £11.9 billion, amassed through the family-owned Hinduja Group, which has interests in oil, banking, the automotive industry, property and the media.
NRI industrialist Lakshmi Mittal edged one position upwards to the third rank with £10.25 billion even as Russian magnate Alisher Usmanov, who topped the list till 2013, fell to the second place.
In reference to the Kolkata-based Mittal, the newspaper highlighted a final bounce in fortunes after a few years of dip. “After a tough few years in the steel industry, Mittal is seeing a glimmer of light. Arcelor Mittal shares have recovered, making his stake worth £6.65 billion, up £700 million in a year,” it said.
Mr Mittal’s brother-in-law India-born textiles and plastics tycoon Prakash Lohia is ranked as Britain’s 46th richest man with around £2.11 billion. Leading NRI industrialist and Caparo chief Lord Swraj Paul is ranked Britain’s 48th richest, with an estimated wealth worth around £2 billion.
Vedanta Resources chief Agarwal at 50th rank and Indus Gas supremo Kalsi at 102nd complete the Indian presence among the London-based billionaires.
Source: The Asian Age