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Mittal richest in Britain


Third successive year running


June 05, 2007

For the third successive year, the Indian steel tycoon is top of a list of the super rich in Britain who have also trebled their wealth during Tony Blairs reign as prime minister. As the prime minister prepares to leave Downing Street, the one legacy he leaves behind is a nation that has become a haven for the international super-rich. The number of billionaires living in Britain has surged to 68, up from last years 54.

Mittals growing wealth has been attributed to his successful takeover of Arcelor. Mittal is also the richest among the 50 richest in Europe, while the Hinduja brothers are at number 25. Among the 50 richest in the world, Mukesh and Anil Ambani, with a wealth of 19.6 billion, come in at number five, followed by Mittal at number six. Predictably, the top two positions stayed with two familiar namesthe Walton family (Wal-Mart) topping with 42.6 billion, followed by Bill Gates with 28.7 billion.

Mittal, in fact, appears at number two among the years biggest risers and tops the list of the 20 fastest growing fortunes. The Hinduja brothers (6200m), at number four in the Top 10, also figure just below Mittal among the years biggest risers, followed by Lord Swraj Paul (1500m, placed at 36) at number seven in the list of 40.

Referring to the foreigners in the Top 10, Sunday Times Philip Beresford, the compiler of the list, said: Theres the cluster effect. Russians have followed Abramovich, Indians are following the Mittals and Swedes are following the Rausings.

Of the ten riches Asian in U.K., nine are of Indian origin and one Pakistani arigin as follows: Lakshmi Mittal (19250m), Sri and Gopichand Hinduja ( 6200m), Lord Pual 1500m), Anil Agarwal (1420m), The Jatania Brothers ( 1100m), Anurag dikshit ( 920m), Tom Singh (668m), Sir Anwar Pervez ( 543m), Naresh Goyal (512m) and Gulu Lalwani (450m).

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