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Hinduja brothers top UK's Rich List for third time

IANS  |  London 

The billionaire Hinduja brothers have been named as the wealthiest people in the UK for a third time, according to the

and saw their fortune increase by 1.356 billion pounds ($1.7 billion) in the last year to 22 billion pounds, the quoted the list as saying.

The Hinduja Group, a family business, was founded in in 1914, and now it has interests around the world including in oil and gas, banking, IT and property.

British citizens Sri, 83, and Gopi, 79, who are based in London, are two of the four brothers controlling the empire. The two moved to in 1979 to develop the export business.

The third brother manages the group's finances in Geneva, while the youngest, Ashok, oversees the Indian interests.

Among the properties they own is the in Whitehall, which they plan to reopen as a luxury hotel.

The two brothers topped the newspaper list in 2014 and in 2017.

The list, which estimates the 1,000 richest people in the UK, is based on identifiable wealth including land, property, other assets such as art, and shares in companies, according to

It does not include the amount contained in people's

Meanwhile, Jim Ratcliffe, who topped last year's list, has slipped to third place. His net worth dropped by 2.9 billion pounds since last year, the paper says.

For the sixth year in a row, Scotland's richest person was named as and his family, the Jersey-based tycoon behind distillers & Sons. The group produces whiskey including Grant's, and The Balvenie, as well as Hendrick's gin.

Cardiff-born venture capitalist Sir remained Wales' richest person with a 3 billion pounds fortune.

Top of the Music Rich List in the UK - which includes writers and performers - was with a fortune of 820 million pounds.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 12 2019. 10:02 IST
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