British tycoons fall on hard times as international set tops Rich List

The British-born rich are being left behind in the wealth stakes by an international “superclass” based in London, according to The Sunday Times Rich List for 2008.

Only six of the top twenty places in the list, published yesterday, go to people who were born in Britain.

Britain’s two wealthiest men are once again the steel magnate Lakshmi Mittal and Roman Abramovich, the Russian owner of Chelsea Football Club. Mr Mittal, 57, who retains his Indian passport but spends much of his time in London, tops the list for the fourth consecutive year. His family’s wealth has increased by £8 billion to £27.7 billion in the past year thanks to strong demand for steel.

Tags: ,

Leave a Reply