Sunday Times Rich List 2019: Hinduja Brothers tops for 3rd time

According to Sunday Times Rich List 2019, Indian-origin Billionaire Hinduja brothers (Sri and Gopi Hinduja) were named as wealthiest people in the UK continuously for a third time. They topped No. 1 rank with a fortune of 22 billion pounds.

Others in Sunday Times Rich List

• Mumbai-born Brothers David and Simon Reuben secured second place with a combined wealth of 18.66 billion pounds. They made fortune in scrap metal, property and carpets
• The richest person on 2018’s Times Rich List, Sir Jim Ratcliffe, founder of Ineos chemicals firm, slipped to third rank.
• Zimbabwe-born Valerie Moran became first black female entrepreneur ever to be ranked in the Times Rich List.

About Hinduja Brothers

• The Hinduja Group, family business was founded in 1914 in Mumbai, India.
• It now holds a global interests in various areas which includes banking, oil and gas, IT (Information and Technology) and property.
• The Indian origin Hinduja Brothers namely Sri, aged 83 and Gopi, aged 79 are London based British citizens. They are two of the four brothers controlling the empire.
• Properties owned by them include ‘The Old War Office in Whitehall’ (that was used as headquarters by Winston Churchill during World War II) which they soon might reopen as a luxury hotel.
• In past, two brothers have topped the Sunday Times list in 2014 and in 2017.

About Sunday Times Rich List

• It is an annual list which estimates 1,000 wealthiest people or families resident of United Kingdom (UK) and rank them by net wealth.
• It is published by Britains national Sunday newspaper The Sunday Times.
• It is based on identifiable wealth which includes property, land, other assets like art, and shares in companies.
• It does not include the amount people have in their bank accounts.

Month: Current Affairs - May, 2019