Sir Anwer Pervez, richest Pakistani British businessman, loses £432m in pandemic

Sir Anwer Pervez, richest Pakistani British businessman, loses £432m in pandemic”

Two sets of Indian-origin siblings dominate the annual tally of Britain's wealthiest as the Hinduja and Reuben brothers share the second spot with a fortune of 16 billion pounds each, while British inventor-entrepreneur James Dyson tops "The Sunday Times Rich List 2020" with 16.2 billion pounds.

The list was topped this year by James Dyson, an inventor and entrepreneur, with a fortune of £16.2bn despite losing £500,000 million on an unsuccessful bid to mass-produce an electric vehicle.

The paper credited his rise from fifth place in 2019 to both the strong performance of his businesses and the plummeting fortunes of other billionaires in the top 10.

"Covid-19 has called time on their golden period", he observed.

Elisabeth Murdoch is 22nd on the list as she joins the ranks of the billionaires, according to the list, with a personal fortune of £1.2 billion, following the sale of 21st Century Fox to Disney a year ago, which saw 12 billion dollars in cash and Disney shares split between the six children of Rupert Murdoch, executive chairman of News Corp.

- Alisher Usmanov, mining and investment, £11.68 billion.

- Sir Jim Ratcliffe, Ineos chemical giant, £12.15 billion.

Sir Jim Ratcliffe was also on the list
Sir Jim Ratcliffe was also on the list

Steel baron Lakshmi Mittal was another to see the steepest falls in his fortune - almost £4b - placing him 19th with a worth of £6.78b.

A document 25 women billionaires make the list, which additionally reveals the general riches of the 1,000 wealthiest individuals in the United Kingdom is down by ₤29 billion on in 2015. Charlene de Carvalho-Heineken, the daughter of brewing magnate Freddy Heineken, also makes it into the top 10.

'You might not such as the super-rich, however it is hard to refute that our economic situation will certainly require the work they develop and also the tax obligations they and also their firms pay if we are to run away a long term economic crisis that triggers additional suffering to millions.'.

Beatle Sir Paul McCartney is the highest-placed musician with 800 million pounds, while singer Rihanna is a new entry with an estimated 468 million pounds.

Overall, the wealth of the top 1,000 richest people in Britain fell for the first time since the financial crash, down by 3.7 per cent overall.

They include London-based Srichand and Gopichand Hinduja, owners of the sprawling Hinduja Group of companies, who have furloughed around 360 employees at Optare, their bus-making firm based in northern England.

The list says that a number of billionaires have also sought to use the Government's emergency furlough scheme, under which staff are paid 80% of their salary by the state up to £2,500 a month. Why cannot they now dip right into their very own deep pockets rather of asking common households to do so for them?'.

More news: Oil prices broke the monthly record

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