Hinduja Brothers Take Back Top Spot In Annual Rich List

Hinduja Brothers Take Back Top Spot In Annual Rich List

The Mumbai born property developers, David and Simon Reuben, took the second spot with £18.6 billion.

The London-based Srichand, 83, and Gopichand, 79, are two of four brothers controlling the group. The Rajasthan-born billionaire logged a business worth 10.66 billion pounds past year as he gets set to take control of his first steel plant in India with a purchase from Essar Steel.

The newspaper reported that the head of Coutts, the Queen's bank, said clients were more concerned with Corbyn than by Brexit and that a tax expert had helped a number of people with a net wealth of more than £500 million, totalling more than £5 billion, leave Britain over the past year.

Oil magnate Sir Ian Wood and his family remain at the top of the local list with £1.763 billion - making him Aberdeen's only billionaire.

The wealthiest woman in Britain is Sigrid Rausing, granddaughter of the man who invented the Tetra Pak packaging fortune. She is reportedly worth 12.2 billion pounds and ranked sixth.

Meanwhile, Sir Philip Green and his wife Tina are placed at 156th on the list, down from 66th previous year.

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Mr Corbyn told the Mirror: "The Sunday Times Rich List is a stark reminder of the grotesque inequality that scars our society".

Sir Philip's company, The Arcadia Group, has been coping with a pensions deficit.

Robert Watts, who compiled the year's list, said: "On the face of it this looks like a bumper year for the super-rich, with record wealth, more billionaires and the entry level rising to £120 million". "We are finding young entrepreneurs making vast sums of money from online fashion retail, dating apps and creating YouTube videos".

The richest sports star aged 30 or under was named as Northern Irish golfer Rory McIlroy.

Top of the Music Rich List in the United Kingdom - which includes writers and performers - was Andrew Lloyd Webber with a fortune of 820 million pounds.

Aberdeen-born Tony Quinn and his wife Christina, who now live in Australia and made their fortune in the pet food industry, come in at second on the north-east leaderboard with wealth of £330m.

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