Who is the richest person in the UK 2023?– The Hinduja family, owners of the Indian conglomerate Hinduja Group, have topped the Sunday Times Rich List for the second year in a row, with their fortune increasing by over £6 billion.
Despite a decrease in the number of billionaires on the list, those who remained experienced a collective growth of almost £31 billion. This announcement comes just days after the passing of Gopi Hinduja’s brother Sri.
Who is the richest person in the uk 2023?
The Hinduja Group, which has approximately 200,000 employees globally and operates in various industries such as banking and finance, media and entertainment, and energy, has played a significant role in the wealth of Britain’s wealthiest family.
The chairman of Hinduja, Srichand Hinduja, passed away at the age of 87. A spokesperson described him as a visionary titan of industry and business. He was also the patriarch of his family.
Gopichand Hinduja is a British billionaire and businessman who heads the Hinduja Group, a conglomerate in India. He and his brother Srichand “S. P.” Hinduja were long-time co-chairmen of the group until Srichand’s passing in May 2023.
The brothers have been consistently listed among the wealthiest individuals in the UK and Asia. In fact, Gopichand topped the Sunday Times Rich List 2023 as the wealthiest person in the UK with an estimated family fortune of £35 billion.
The Hinduja brothers started out in their father’s textile and trading companies in Bombay, India, and Tehran, Iran. Their early ventures involved selling food commodities and iron ore from India to Iran, which proved to be successful.
Hinduja Group, a well-known business in India, acquired Ashok Leyland and Gulf Oil in the 1980s and established banks in Switzerland and India in the 1990s.
In 2012, the Group formed a consortium with the help of Ghouse Mohammed Asif and Hank Paulson, former United States Secretary of the Treasury and formerly of Goldman Sachs, to acquire Houghton International, the world’s largest metal fluids manufacturer, for $1.045 billion.
In August 2022, he became the UK’s wealthiest man alongside his late brother Srichand. He has consistently been among the wealthiest individuals in the UK and Asia since the 1990s.
As of May 2017, his estimated wealth was GBP 16.2 billion according to the Sunday Times Rich List, and GBP 19 billion according to a list compiled by Asian Media & Marketing Group. In March 2018, he and his brother GP were ranked as the world’s 55th richest billionaire family with an estimated wealth of $19.5 billion by Forbes.
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