Behind every billionaire there is a story!

Indian billionaire tops British rich list

The collective wealth of Britain’s 1,000 richest people went up by nearly 15 percent last year, and more than half the country’s 75 billionaires are foreign-born, according to a list published by the Sunday Times newspaper. 

The newspaper’s annual Rich List ranked steel magnate Lakshmi Mittal as Britain’s wealthiest man for the fourth year running.

It put the Indian-born tycoon’s fortune at £27.7 billion ($55 billion), up more than £8 billion from last year.

Russian oil magnate Roman Abramovich, owner of London’s Chelsea football team, was in second place, with wealth of £11.7 billion pounds ($23.2 billion).

The Duke of Westminster, Gerald Grosvenor, was in third place with £7 billion ($14 billion). He owns huge parcels of land in central London and elsewhere.

Indian-born industrialists Ari and Gopi Hinduja were in fourth place with wealth of £6.2 billion ($12.4 billion). Russian steel and mining magnate Alisher Usmanov was ranked fifth with wealth of £5.7 billion ($11.4 billion).

read the rest published by CNN here:

http://www.cnn.com/2008/WORLD/europe/04/27/britain.richlist.ap/index.html?section=cnn_latest