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Rich list 2016 reveals steel magnate's fortune drop | Rich list 2016 reveals steel magnate's fortune drop |
(35 minutes later) | |
The family behind Europe's biggest steelmaker has lost more than £2bn in the past year, the annual Sunday Times Rich List has revealed. | The family behind Europe's biggest steelmaker has lost more than £2bn in the past year, the annual Sunday Times Rich List has revealed. |
Lakshmi Mittal, owner of ArcelorMittal, who held the top slot in 2008 with £27.7bn now has a fortune of £7.12bn and is number 11 on this year's list. | Lakshmi Mittal, owner of ArcelorMittal, who held the top slot in 2008 with £27.7bn now has a fortune of £7.12bn and is number 11 on this year's list. |
The number of London billionaires fell for the first time since the financial crash - from 80 in 2015 to 77. | The number of London billionaires fell for the first time since the financial crash - from 80 in 2015 to 77. |
There are also a record 125 women on this year's top 1,000 list. | |
At the top of the 2016 guide to Britain and Ireland's richest people are property tycoons the Reuben brothers, owners of London's Millbank Tower and the John Lewis headquarters, who have a fortune of £13.1bn. | At the top of the 2016 guide to Britain and Ireland's richest people are property tycoons the Reuben brothers, owners of London's Millbank Tower and the John Lewis headquarters, who have a fortune of £13.1bn. |
Mumbai-born David and Simon Reuben, who also own London Oxford Airport and London Heliport, have increased their fortune by £3.4bn in the past year. | Mumbai-born David and Simon Reuben, who also own London Oxford Airport and London Heliport, have increased their fortune by £3.4bn in the past year. |
Others on the list include: | Others on the list include: |
Making it onto the Rich List at all requires at least £103m. | |
Brothers Sri and Gopi Hinduja, who run the Hinduja Group, remain in second place a year on with an unchanged fortune of £13bn. | Brothers Sri and Gopi Hinduja, who run the Hinduja Group, remain in second place a year on with an unchanged fortune of £13bn. |
Completing the top three is Warner Music owner Len Blavatnik, who has £11.59bn. He has dropped two places after a reduction in wealth by £1.58bn. | Completing the top three is Warner Music owner Len Blavatnik, who has £11.59bn. He has dropped two places after a reduction in wealth by £1.58bn. |
The Mittals' previous vast wealth of £27.7bn was the biggest fortune achieved by anyone on the list before or since. | The Mittals' previous vast wealth of £27.7bn was the biggest fortune achieved by anyone on the list before or since. |
Earlier this month it was reported that ArcelorMittal board member Wilbur Ross could be among investors expected to be contacted about buying some of Tata's business interests in the UK. | Earlier this month it was reported that ArcelorMittal board member Wilbur Ross could be among investors expected to be contacted about buying some of Tata's business interests in the UK. |
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