Indian steel baron Lakshmi Mittal has been ranked as Britain's richest resident, for the fourth year in a row by a leading media house.
LONDON: Indian steel baron Lakshmi Mittal has been ranked as Britain's richest resident, for the fourth year in a row by a leading media house.
According to The Sunday Times Rich List 2008, to be published tomorrow, the London-based 57-year-old Mittal and his family's total fortune is worth an estimated 27,700 million pounds.
The steel baron consolidated his position at the top by acquiring world's leading steel company Arcelor last year. The combined business, Arcelor Mittal, produces 115 million tons of steel a year and accounts for ten per cent of market.
Mittal is followed in the list by Russian oligarch Roman Abramovich, with a 11,700-million-pound fortune, and the Duke of Westminster -- the richest property developer in Britain, worth 7,000 million pounds.
The Hinduja brothers -- Sri and Gopi -- are at number four, and they will celebrate the 100th anniversary of their father's 6,200-million-pound industry and finance empire in the year 2014.
Alisher Usmanov, a former prosecutor in Uzbekistan, who appears at number five, built his 5,726-million-pound fortune through steel and ore mines.
A former Miss United Kingdom from Staffordshire, Kirsty Bertarelli, is the highest placed woman, appearing at number six on the list, alongside her 42-year-old husband, Swiss biotechnology tycoon Ernesto Bertarelli.
Next on the list are Hans Rausing and family, who developed the Tetra Pak; the shipping owner John Fredriksen; the retail millionaires Sir Philip and Lady Green; and David and Simon Reuben, who have been active in the British property market for a decade, after making their fortune in aluminium
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