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Meet England’s Richest People

21 June 2012


 
Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has released a list of the top 15 richest individuals in the United Kingdom.
 
Alisher Burkhanovich Usmanov, whose stable of companies and investments range from Metalloinvest to MegaFon and Kommersant, has replaced previous incumbent, Lakshmi Niwas Mittal, at the top of the list. More popularly known as part owner of English football club, Arsenal, Mr Usmanov is worth at least US$ 16.4 billion. Mr Mittal has seen his net worth estimate decline along with the stock price of ArcelorMittal, losing at least US$ 30 billion in recent years. He now sits second on the list. At third spot is Roman Abramovich. The owner of Chelsea Football Club and Millhouse Capital, Mr Abramovich’s high profile lifestyle suggests he does not appear to avoid media attention.
 
Old money is represented by Gerald Cavendish Grosvenor, the sixth Duke of Westminster, who is fourth on the list. The wealthiest property developer in the United Kingdom, the family business traces its roots to 1677 when an ancestor Thomas Grosvenor married Mary Davies, who had inherited 500 acres of land in West and Central London. Women are represented on the list with the Heineken heiress Charlene de Carvalho-Heineken at No. 10 on the list.
 

Rank Name Net Worth Estimate (US$ Billion)

 

1 Alisher Burkhanovich Usmanov 16.4

2 Lakshmi Niwas Mittal 15.8

3 Roman Abramovich 12.1

4 Gerald Cavendish Grosvenor 11.1

5 Leonard Valentinovich Blavatnik 9.5

6 John Fredriksen 9.3

7 Hans Rausing 9.1

8 Willard Gordon Galen Weston 8.4

9 Srichand Hinduja 7.6

10 Charlene de Carvalho-Heineken 6.9

11 Nicholas Oppenheimer 6.8

12 Gopichand Hinduja 6

13 Richard Branson 5.0

14 David Reuben 4.7

15 Charles Cadogan 4.6
 

Stephen Morison, Vice President of Global Research at Wealth-X, noted, “The fact that the top 15 are mostly non-domiciled UHNWIs with diverse nationalities and backgrounds, reflects the attraction the United Kingdom holds for the ultra affluent, who are increasingly global in their outlook and lifestyle.”
 

Mykolas D. Rambus, CEO of Wealth-X commented, “The growing trend of the ultra wealthy choosing to establish residences in the most cosmopolitan cities around the world has implications for all professionals operating in the financial services and luxury sectors. Professionals need to understand these ultra wealthy clients, who defy being categorized by geographical location, should they wish to create consistent strategies of approach.”
 

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