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Russian billionaire tops Britain rich list

Written By Gragrah on Sunday, April 21, 2013 | 4/21/2013 09:38:00 am

RUSSIAN billionaire Alisher Usmanov has topped an annual "rich list" compiled by Britain's Sunday Times newspaper, with a fortune of STG13.3 billion ($A19.87 billion).


The 59-year-old tycoon, who started out manufacturing plastic bags, now owns Russia's biggest iron ore producer Metalloinvest and has a nearly 30 per cent stake in Arsenal Football Club.
He also has a holding in mail.ru, Russia's biggest internet company, and a large stake in London and Moscow listed mobile phone operator MegaFon.
Steel magnate Lakshmi Mittal, who spent eight years at the top of the list, was ousted into fourth place with a wealth of STG10 billion ($A14.94 billion) - down from STG12.7 billion ($A18.97 billion) in 2012.
Mittal, whose hold in steelmaking giant ArcelorMittal sank from a peak of STG28 billion ($A41.83 billion) to STG5.95 billion ($A8.89 billion), was the biggest faller in the ranking of Britain and Ireland's wealthiest.
The combined fortunes of the 1000 richest totals almost STG450 billion ($A672.19 billion), with the fortunes of the top 200 amounting to STG318.2 billion ($A475.32 billion), according to the list.
In second place, and the highest riser, is Warner Music owner Len Blavatnik, whose wealth rocketed from STG3.4 billion ($A5.08 billion) last year to STG11 billion ($A16.43 billion) this year.
The Russian-born media mogul, who now holds United States citizenship, sold his stake in Russian oil and gas giant TNK-BP last month for STG2 billion ($A2.99 billion).
The 25th annual list, to be published in the British newspaper on Sunday, includes 88 billionaires, an increase from 77 last year and up from just nine when it was first published in 1989.
Queen Elizabeth II was ranked top in the list's first year when her wealth was valued at STG5.2 billion and included all the Crown Estates and the royal art collection. After 1993 she fell from that spot as she was valued only on her personal wealth.
Third on the list this year are brothers Sri and Gopi Hinduja, of the London-based international conglomerate Hinduja Group, with a fortune of STG10.6 billion ($A15.83 billion).
Chelsea football club owner Roman Abramovich, who made his fortune in the oil industry, has dropped two places to fifth on the list, with a value of STG9.3 billion ($A13.89 billion).
New to the top 20 is Saudi businessman Mohamed Bin Issa Al Jaber at 15th place with STG4.5 billion ($A6.72 billion), ahead of Virgin founder Richard Branson who is ranked at 19 with STG3.5 billion ($A5.23 billion).
Earlier this month former Beatle Paul McCartney topped The Sunday Times rich list of musicians for a 25th year running with the STG680 million ($A1.02 billion) fortune he shares with his third wife Nancy Shevell.


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