Hinduja Brothers Overtake Jim Ratcliffe As Richest Brit



The Hinduja brothers, Gopichand, Srichand, Ashkok, and Prakash, who together own the Hinduja Group, an eponymous conglomerate, have overtaken Jim Ratcliffe, the chemicals entrepreneur, to reclaim their spot as the richest people in the United Kingdom.

Forbes released its annual list of the billionaires in the world last Tuesday. According to Forbes, they now share the place of the 54th richest person in the whole world. The four brothers have a shared net worth of $16.9 billion (£12.9 billion) — making them the richest Britons alive.

The Hinduja Group owns a range of businesses that deal with lubricants, trucks, banking, and cable television, among other things. The brothers also own various valuable properties in London.

Ratcliffe is the owner and founder of most of Ineos, the biggest chemical maker in the world. He beat the brothers to become the richest Brit last year. However, he now trails behind them in second place — 110th in the world— with a net worth of $12.1 billion (£9.2 billion).

In third place in the United Kingdom is Michael Platt, the CEO of BlueCrest Capital Management, the third-biggest hedge fund in Europe which manages more than £30 billion. Platt is also the co-founder of the company with American William Reeves in 2000. He comes in at 183 on the rich list with a net worth of $8 billion (£6.1 billion).

Paul and Simon Reuben share the spot of fourth richest Brit, with $7.5 billion (£5.7 billion). The brothers were able ot build their fortune in technology, real estate, and investments before selling 49 percent of GlobalSwitch, their data centre business, to Chinese investors for almost $3 billion (£2.3 billion) in 2016. They then sold an additional quarter of the business to investors from Asia for $2.7 billion (£2 billion) last year.

Denise Coates, the co-CEO of Bet365, is the fifth richest person and the richest woman in the United Kingdom with $6.5 billion (£5 billion) to her name. Coates and John, her brother, each own half of Bet365, which facilitates more than $65 billion in bets annually. She controversially paid herself £280 million last year, making her the highest-paid CEO in Britain.