The annual Sunday Times Rich List is here and Mumbai-born brothers David and Simon Reuben have withheld their position as the second richest in the country once again. The pandemic has spawned various Billionaires and here’s the scoop on the top 5 of The Sunday Times Rich List 2021!
1) Sir Leonard Blavatnik
With an estimated fortune of GBP £23 bn, this Russian-origin UK-US dual national has topped the list of being the richest individual in the United Kingdom. His fortune has made him the head of the Sunday Times Rich List for the second time. His fortune stems from his earnings in the music and media industry coupled with his investments.
2) David and Simon Reuben
This Indian origin duo boasts a net worth of £21.465bn and has held their position for the second time in a row. Their source of wealth, property, has levelled their position. In the pandemic itself, they went on a buying spree, buying undervalued hotels and various other properties. They have been buying US buildings let out to brands that are highly unlikely to be affected by the pandemic and have thus grown in wealth.
3) Sri and Gopi Hinduja and family
Although the family has been caught up in a legal skirmish, they have ranked 3rd on the Sunday Times Rich List. Sri and Gopi Hinduja have a net worth figure of £17bn. The family’s conglomerate is finding itself caught up in legal hassles with Sri Hinduja claiming personal ownership of the Switzerland-based Hinduja Bank in an otherwise established policy that “everything belongs to everyone and nothing belongs to anyone”.
4) Sir James Dyson
His net worth figure rests at £16.3bn and he is famously recognised as the Brexit-backing inventor. Dyson, 74, is looking to invest £2.75 billion in the fields of robotics and artificial intelligence over the next five years with the intention of doubling his company’s product range.
5) Lakshmi Mittal and family
Rajasthan-born Mittal, 70 named after goddess Lakshmi, the goddess of wealth has secured the 5th position in the rich list with a net worth of £14.68bn. The owner of the world’s biggest steel producer, ArcelorMittal, is currently involved in a pilot project worth £290 million which aims to reduce his company’s carbon footprint.
In the most unsettling of booms, these business tycoons have emerged to grow their businesses in such trying times. As fragile as their position may be, the list of billionaires has seen a growth and the digital boom is here to roll in more and more business in the years to come.