For the fourth consecutive year the Indian-origin Hinduja brothers, G P Hinduja and S P Hinduja have emerged as the richest Asian-origin entrepreneurs in Britain, with an estimated personal fortune of 16.5 billion pounds. The list was released by Mr. Navtej Sarna (Indian high commissioner to the UK) on 18 March 2016 in London. The Asian Rich List is compiled by UK publishing house Asian Media and Market.
Lakshmi Niwas Mittal, the steel tycoon was ranked second in the list released, followed by the Chairman of the Indorama Corporation, Sri Prakash Lohia with a fortune of 3 billion pound.
The fourth richest was with a fortune of 2.1 billion pounds - the Arora brothers; Simon, Bobby and Robin, owners of discount retail chain were in the list as fourth. Cyrus Vandrevela, with a personal fortune of 2 billion pounds, stood at number five in the list and with a fortune of 500 million pounds, industrialist Lord Swaraj Paul was listed as the 15th richest in the ‘Asian Rich List’.
As of march 2016, Forbes ranks SP and GP Hinduja as the 58th richest in the world, with a net worth of 15.2 billion. Born on 28th November 1935, Srichand P Hinduja is an Indian–born British business magnate, investor and philanthropist. A primary shareholder and chairman of Hinduja group of companies he is also considered as the most successful Asian of the 20th century. Hindujas are known as patriarch of India’s “fab four” alongside his younger brothers Gopichand, Prakash and Ashok.
The analysis also reveals that from 54.48 billion pound in 2015 to 55.54 billion in 2016, the UK’s richest Asians fortune has increased drastically. The Asian Rich List is an annual ranking, accessing the wealth of Britain’s top 101 richest Asians. It is developed in UK by a UK-based publishing house Asian Media and Market.