Businessman Gopichand Hinduja tops UK’s new rich list

Gopichand Hinduja, who is also called GP, was born in 1940 in India and also leads Hinduja Automotive Ltd…reports Asian Lite News

Gopichand Hinduja, chairperson of the Hinduja Group, has once again emerged as the richest individual in the United Kingdom, according to the UK Sunday Times Rich List. This is the sixth consecutive year when the Hinduja Family has topped the list.

According to the list, Hinduja’s net worth is currently around £37.196 billion. In 2024 alone, it rose by £2.196 billion.

Hinduja is followed by businessman Leonard Blavatnik and David and Simon Reuben and family on the list. They had a net worth of £29.24 billion and £24.97 billion respectively.

Another Indian who featured in the top 10 rankings on the list was Lakshmi Mittal and family with a net worth of £14.92 billion, on the 8th spot.

Mittal, also known as “Steel King” is the executive chairman of ArcelorMittal, the world’s second largest steelmaking company. He is also the chairman of stainless steel manufacturer Aperam. He was born in Rajgarh, Rajasthan.

Gopichand Hinduja, who is also called GP, was born in 1940 in India and also leads Hinduja Automotive Ltd.

He took over as the chairman of the group last year when his brother Srichand Hinduja died of Dementia. Gopichand graduated from Mumbai’s Jain Hind College in 1959 and also holds an honorary Doctorate of Law from the University of Westminster.

Gopichand also has an honorary Doctorate of Economics from the Richmond College, London.

The Hinduja family business was initially set up by Parmanand Hinduja, Gopichand’s father, in 1914. Gopichand took the business, which was primarily a trading company, and transformed it into the multi-billion dollar conglomerate that it is now.

After Srichand’s death, a family feud surfaced in the company for its control. Srichand’s children said their family was being sidelined. Clearer details of the division are yet to emerge from the family. Its business is currently collectively owned by all four brothers – Srichand’s family, Gopichand, Prakash, and Ashok.

Akshata Murty is richer than King Charles

The Sunday Times Rich List stated that Rishi Sunak and his wife Akshata Murty’s personal wealth increased by £122 million in the previous year. The pair’s projected net worth increased from £529 million in 2023 to £651 million in the most recent list. This was mostly because of Murty’s ownership stake in Infosys, the massive Indian IT company that her father co-founded. According to the yearly list of the wealthiest people in the UK, it indicates that they are richer than King Charles.

The Prime Minister and Murty are the richest couple to reside at No. 10 Downing Street, ranking 245th on the list. They now have more money than King Charles, who saw an increase in his personal fortune this year from £600 million to £610 million. In 2022, the Sunaks were ranked higher than the late Queen Elizabeth II, whose personal wealth was estimated to exceed £370 million that year, reported the Metro UK. (Also Read: Good news for King Charles: His personal net worth sees dramatic surge, and it’s far more than Queen Elizabeth II)

The news outlet also shared that the revelation coincides with the ongoing cost of living problem, as evidenced by recent data from the Trussell Trust showing that 3.1 million food parcels were distributed in the past year—a record number. The PM, who is guiding the nation through a crisis caused by rising living expenses, is a former hedge fund manager, but Murty is by far the richest member of the Sunak family. Prior to becoming a partner at two hedge funds, he spent 2001–2004 as an analyst at investment bank Goldman Sachs. Just 6.5% of Sunak’s total income comes from his investments; the remainder comes from his MP salary of £91,346) and PM salary of £80,807.

ALSO READ-Hinduja Group’s The OWO Residences Record Robust Sales

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *