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UK NRI Mittal richest in Europe and Ambani brothers (together) richest in the world

April 27, 2008
Raj Grewal

UK NRI steel tycoon Lakshmi Mittal is the richest man in Europe with his fortune estimated, 27.7 billion pounds. He is Britain's wealthiest person for fourth year in a row.

UK NRI Lord Swraj Paul, 77 was the fourth among the ten richest Asians in Britain. He is the Chairman of Caparo Group and an active member of the House of Lords. He has about 50 plant sites in the UK, India, north America, Spain and Poland. Turnover of 1.5 billion dollar. Born in Jalandhar, India in 1931, he was educated at Punjab University and the Massachusetts Institute of Technology, USA from which he graduated with a Masters degree in Mechanical Engineering in 1952. He is making hefty investments in the booming Indian economy. In 2006, its profits were 55 million pounds on 660 million pounds sales.

UK NRI, the Hinduja brothers are Britain's second richest with 6.2 billion pounds. In India, the Hinduja developed real estate sites in Bangalore and Hyderabad, each valued at about 2 billion pounds.

In UK, other richest are:

  • Anil Agarwal, mining- 2.45 b pounds
  • the Jatania brothers, toiletries- 1.1 b pounds
  • Sir Anwar Pervez, cash and carry-717m pound
  • Bhikhu and Vijay Patel, Pharmaceuticals- 520 m pounds.
  • Tom Singh, Fashion, 464 m pounds
  • Gulu Lalvani, Consumer electronics- 450 m pounds
  • Naresh Goyal, Airlines, 420 m pounds

India's Mukesh and Anil, the Ambani brothers are richest in the world with a combined worth of 43 billion pounds as compare to Microsoft chief Bill Gates-29 billion pounds and America's Walton family, owners of Wal-Mart- 38.4 billion.