April 29, 2007
British rich just keep getting richer in new listLONDON (Reuters) - Britain is now home to almost 70 billionaires with steel magnate Lakshmi Mittal heading the latest annual Rich List compiled by The Sunday Times.
The number of billionaires in Britain has trebled in the last four years and their fortunes have grown faster than anywhere else in the world, the list calculated.
"The richer you are, the easier it is to get even richer," compiler Philip Beresford said.
File photo of steel magnate Lakshmi Mittal in Luxembourg February 21, 2007. Britain is now home to almost 70 billionaires with Mittal heading the latest annual Rich List compiled by The Sunday Times. (REUTERS/Francois Lenoir)
Mittal led the field with a fortune estimated at 19.25 billion pounds.
Next in line came Russian oil magnate and Chelsea Football Club owner Roman Abramovich. Despite divorcing from his wife Irina, he is still worth 10.8 billion pounds. She enters the list on her own at number 452.
With property prices still soaring in Britain, The Duke of Westminster came in third thanks to his portfolio of lucrative properties in London's choicest areas.
Two new entrants in the latest top 10 are art collector David Khalili and businessman Jim Ratcliffe.
Khalili, an Iranian who now lives in London, has built up a huge collection of Islamic art.
Ratcliffe has been dubbed the chemical industry's "answer to Lakshmi Mittal" for building up his business empire over the past 15 years.