Hinduja brothers, the renowned Indian origin brothers have once again topped the annual rich list of Britain’s wealthiest with a fortune of £22 billion followed by Mumbai-born Reuben brothers in second place with £18.66 billion.
Srichand (83) and Gopichand Hinduja (79), who runs the Hinduja Group of companies in the United Kingdom, registered a £1.35 billion jump in their fortunes over the previous year to return to the top of the ‘Sunday Times Rich List’ after topping it back in 2014 and 2017.
The Hinduja Group, a family business, was founded in Mumbai in 1914, and currently it has interests around the world including in banking, oil and gas, IT and property.
British citizens Sri and Gopi, who are based in London, are two of the four brothers having authority over the empire. The two moved to London in 1979 to develop the export business.
The third brother Prakash manages the group’s finances in Geneva, Switzerland while the youngest, Ashok, look after the Indian interests.
Among the properties they own is the Old War Office 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 property, land, other assets such as art, and shares in companies, according to the Sunday Times.
It does not include the amount contained in people’s bank accounts.
Meanwhile, chemicals firm founder Jim Ratcliffe, who topped last year’s list, has slipped to third place. His net worth declined by 2.9 billion pounds since early this year, the paper says.
