London: The number of Asian billionaires, mostly of Indian-origin, in the UK has more than doubled in the past year despite the economic downturn, a new report has revealed.
According to the Eastern Eye Asian Rich List, the overall worth of the 101 people on the Asian Rich List has increased by 10 per cent, to 45 billion pounds, while the number of Asian billionaires has risen from three to seven.
The list is topped by the Hinduja brothers, who control one of India's biggest industrial conglomerates, the Telegraph reports.
Their wealth has risen from 9.5billion to 12.5 billion pounds within a year.
According to the report, they have overtaken Indian steel magnate Lakshmi Mittal, whose fortunes have fallen by 15 per cent to 11billion pounds.
The Arora brothers, who are behind the discount chain B and M Bargains and are worth 1.2billion pounds, are new to the list.
Jasminder Singh, head of the Radisson Edwardian Hotels group, and Sir Anwar Pervez, who owns the Bestway cash-and-carry business, have also joined it.
All of the top 10 richest Asians run family businesses, which several of the tycoons believe is the key to their success, the paper said.
First Published: Friday, March 22, 2013, 15:53