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Russia's billionaire Usmanov no longer richest UK resident

Published time: May 13, 2014 03:18
Edited time: May 13, 2014 08:05
Alisher Usmanov.(Reuters / Maxim Shemetov)

Alisher Usmanov.(Reuters / Maxim Shemetov)

Russian tycoon and the owner of Russia's biggest iron ore producer Metalloinvest, Alisher Usmanov is no longer the richest man in the UK, the new Sunday Times’ ranking revealed.

Russia’s richest man came in second, behind the Indian-born brothers Srichand and Gopichand Hinduja, who topped the list with £11.9 billion ($20 billion). The two own a global conglomerate - Hinduja Group. The company is involved in a wide range of businesses including production of cars, military equipment, explosives, as well as finance.

Usmanov, the 60-year-old mogul, is listed as having up to £10.65 billion ($18 billion). His income primarily comes from his main assets: Metalloinvest holding, Russian mobile network MegaFon, the Group and shares of Facebook.

Third place went to Indian Queens Park Rangers stakeholder and steel magnate Lakshmi Mittal and his family with £10.25 billion ($17.3 billion).

There was only one British billionaire featured in the top ten spots - the Duke of Westminster - who is listed as having up to £8.5 billion ($14.3 billion).

The top ten also includes Russian, Chelsea football club owner Roman Abramovich, who dropped to the ninth place with £8.52 billion ($14.4 billion).

According to the new list there are now 104 billionaires living in the UK, whose combined wealth equals more than £301 billion ($507.7 billion). The new data put London ahead of any other city, beating Moscow and New York.

Comments (7)


Mike Oxstiff 14.05.2014 08:32

WorldUnited 13.05.2014 06:17

Putin is the first man who fought and destroyed most of the tycoons. In contrast the other presidents cooperate with the tycoons and get their share, most noticeable of all is the Bush family. That's why Putin is loved by the people, he is righteous!


Putin is clever. He hides his billions and controls the press so they cannot investigate him, anyone who does is beaten up, murdered or imprisoned


Brian Santos 14.05.2014 01:37

Why is a Russian Billionaire living in London??? This is what happen to almost every rich Russian...once they get money, they get the hel l out of Russian. Smart move I'd do the same.


harayanvi mard 13.05.2014 22:45

According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banking havens such as the british controlled the Cayman Islands.

as pirate rogue state today and yesterday.
Just as Britain is the save heaven for all kinds of wanted top England political and financial criminals.
60% of the UK's GDP is financial fraud, dabbling in stolen money from the third world with help of british approved dictators in those nations.-otherwise humanitarian bombing is coming your Way!
Money laundering is the business of English race-they never graduated from the piracy days.

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