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  Richest NRIs in Britain with business interests based in UK

The Daily Telegraph annonaced on Tuesday


Richest Asian including NRIs with business interests based in UK
Lakshmi Mittal and the Hinduja brothers excluded

London, May 08, 2007
Col. Sunder Singh

The Daily Telegraph on Tuesday announced a new Asian rich list based on business interests in UK and excluded other NRIs whose business interests are overseas such as Lakshmi Mittal and the financial services business of the Hinduja brothers.

  • NRI Lord Swraj Paul, industrialist, Chairman of the Caparo Group, is worth 750 million pounds is the second richest British Asian with business interests based in the UK, next only to Mike Jatania of the Lornamead cosmetics group.
  • Mike Jatania has already amassed a £650m fortune by building a portfolio of cosmetics and personal care brands such as Harmony hairspray, Lipsyl lip salve and Yardley perfume through his family company Lornamead.Mike Jatania and family are worth 850 million pounds.
  • Vijay and Bhikhu Patel, who are worth 500 million pounds, have been placed third. The Patel brothers arrived in the UK from Kenya when Vijay was just 16. They now head Waymade Healthcare, a wholesale pharmaceuticals business. In an attempt to build the Asian Glaxo, the brothers have created a subsidiary, Amdipharm, which aims to develop and launch new drugs.
  • Gulu Lalvani and family (450 million pounds) have been listed as the fourth richest British Asians. Karachi-born Lalvani is the founder and Chairman of Binatone, one of the world's largest manufacturers of digital cordless phones. Lalvani founded Binatone in Britain in 1958 with his brother Partap, naming it after their sister, Bina.
  • Jasminder Singh, luxury hotel boss (360 million pounds);
  • Tom Singh, founder of New Look, the third largest womens’-wear retailer (350 million pounds);
  • Ramesh and Pratibha Sachdev, founder of Life Style Care (350 million pounds);
  • Sir Anwar Pervez and family, cash and carry supermarket king (250 million pounds); Firoz Kassam, hotels and leisure magnate (240 million pounds);
  • Navin and Varsha Engineer, pharmaceuticals business (220 million pounds).
  • Nat Puri, Nottingham's richest man who built Melton Medes Group into a business empire in packaging paper, is the 13th richest (130 million pounds).

The Asian business owners in London have a turnover of about 60 billion pounds a year, while real Asian wealth increased by 69 per cent between 1998 and 2005, compared with UK GDP up just 23 per cent.

NRI Rich and are in Politics:

  • Parmjit Dhanda, labour MP for Gloucester
  • Keith Vaz, Labour MP for Leicester East
  • Ashok Kumar, Labour MP for Middlesbrough South and East Cleveland,
  • Priti Patel, prospective Conservative candidate for Witham in Essex