LONDON: Steel tycoon Lakshmi Mittal, who has been the richest man in Britain for eight years, has dropped to the fourth place now.
According to the Sunday Times rich list for 2013, the steel magnate is now worth £10,000 million. The Mittal family, whose worth last year was £12,700 million, has suffered the biggest fall in wealth among those in the rich list.
The huge dip in their fortune is caused by the fall in their stake in the steelmaking giant ArcelorMittal. The 40 per cent stake Mittal, 62, and his wife Usha hold in the company has plunged to £5,095 million from £28,000 million at its peak.
In fact, the Hinduja family of Sri and Gopi Hinduja has moved up to the third spot with £10,600 million in industry and finance. The Hindujas’ fortune has jumped from £8,600 million last year, according to the rich list.
With these two Indian families occupying the third and fourth places, this year’s rich list is topped by Uzbekistan-born Alisher Usmanov, who is said to be worth £13,300 million.
Usmanov was on the second slot last year when his fortune was pegged at £12,315 million.
The richest British has a huge Russian business empire that spans production of iron ore, making plastic bags, an internet company and a controlling stake in Russia’s second biggest mobile phone company.
He also owns almost one-third of Arsenal Football Club, Sutton Place, and a £48million mansion in the British capital.
Russian-born Len Blavatnik, who owns Warner Music, is second on the list, with his wealth jumping from £3,400 million last year to £11,000million this year.
With his personal wealth of £2,550 million, industrialist Ravia Ruia is at the 24th spot. At position number 35 is Anil Agarwal of Vedanta Resources, with a fortune of £2,200 million.
Lord Swaraj Paul, head of the Caparo Group, is at the 38th position on the list, with a fortune of £2,000 million (£2 billion).
Textile magnate Sri Prakash Lohia is at the 39th slot, with a fortune of £1,890 million. Jet Airways chief Naresh Goyal is at the 170th slot, with personal fortune worth £515 million.
Interestingly, the first seven places on the rich list are occupied by foreign-born business people, with the British-born Duke of Westminster coming at the eighth place with £7,800 million fortune.
Here are Britain’s top-20 on the rich list:
1. Alisher Usmanov, mining and investment, £13,300m
2. Len Blavatnik, investment, music and media, £11,000m
3. Sri and Gopi Hinduja, industry and finance, £10,600m
4. Lakshmi Mittal and family, steel, £10,000m
5. Roman Abramovich, oil and industry, £9,300m
6. John Fredriksen and family, shipping and oil services, £8,800m
7. David and Simon Reuben, property and internet, £8,281m
8. The Duke of Westminster, property, £7,800m
9. Ernesto and Kirsty Bertarelli, pharmaceuticals, £7,400m
10. Charlene and Michel de Carvalho, inheritance, brewing and banking, £7,000m
11. Galen and George Weston and family, retailing, £6,650m
12. Kirsten and Jorn Rausing, inheritance and investment, £5,109m
13. Hans Rausing and family, packaging, ££4,720m
14. Joseph Lau, property, £4,600m
15. Mohamed Bin Issa Al Jaber and family, hotels, food and industry, £4,515m
16. Sir Philip and Lady Green, retailing, £3,880m
17. Nicky Oppenheimer, diamonds and mining, £3,785m
18. Earl Cadogan and family, property, £3,675m
19. Sir Richard Branson and family, transport and finance and fitness clubs, £3,514m
20. Joe Lewis, foreign exchange and investment, £3,200m