The billionaire Hinduja brothers have been named as thewealthiest people in the UK for a third time, according to the Sunday TimesRich List.
Sri and Gopi Hinduja saw their fortune increase by 1.356billion pounds ($1.7 billion) in the last year to 22 billion pounds, the BBCquoted the list as saying.
The Hinduja Group, a family business, was founded in Mumbaiin 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 inLondon, are two of the four brothers controlling the empire. The two moved toLondon in 1979 to develop the export business.
The third brother Prakash manages the group’s finances inGeneva, Switzerland while the youngest, Ashok, oversees the Indian interests.
Among the properties they own is the Old War Office inWhitehall, which they plan to reopen as a luxury hotel.
The two brothers topped the newspaper list in 2014 and in2017.
The list, which estimates the 1,000 richest people in theUK, is based on identifiable wealth including land, property, other assets suchas art, and shares in companies, according to the Sunday Times.
It does not include the amount contained in people’s bankaccounts.
Meanwhile, chemicals firm founder Jim Ratcliffe, who toppedlast year’s list, has slipped to third place. His net worth dropped by 2.9billion pounds since last year, the paper says.
For the sixth year in a row, Scotland’s richest person wasnamed as Glenn Gordon and his family, the Jersey-based tycoon behind distillersWilliam Grant & Sons. The group produces whiskey including Grant’s,Glenfiddich and The Balvenie, as well as Hendrick’s gin.
Cardiff-born venture capitalist Sir Michael Moritz remainedWales’ richest person with a 3 billion pounds fortune.
Top of the Music Rich List in the UK – which includeswriters and performers – was Andrew Lloyd Webber with a fortune of 820 millionpounds.