The net worth of London billionaires amounts to $497.6bn, making London a hotspot for billionaires. According to this year’s The Sunday Times Rich List there are 93 billionaires in London, recorded in 2018, making London the city that has most compared to any other city in the world. Below are a few of the wealthiest people who are based in London presently
Sir Jim Ratcliffe
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Sir Jim Ratcliffe is a self-made billionaire and has founded and now runs the largest chemical company INEOS, with its UK headquarters based in Knightsbridge, London. Ratcliffe has a residence in Chelsea amongst other places. His estimated net worth is around the figure of $27.3bn, making him the wealthiest man in the UK. This has increased by $19.50bn since last year where Ratcliffe was 18th on the rich list. The dramatic leap for Ratcliffe followed a large increase in value of INEOS, which is the UK’s biggest fracking firm.
Sri and Gobi Hinduja
The Hinduja group is headquartered in London and both brothers have a total net worth of $26.84bn, making them the second richest in the UK. Their family business was first found in 1914, India. It then moved to Iran where it was disrupted by Islamic rules and was forced to move into Europe. Now the business specialises in range of services including; foundries, trading, motor vehicles, banking, call centres and healthcare.
Leonard Blavatnik
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By GlobalDataLeonard Blavatnik is a Jewish-Ukrainian-Russian-British-American businessman, investor, and philanthropist and is third on the list for London billionaires, with a total net worth of $19.84bn. He founded Access Industries in 1986. Access industries focuses on sectors such as: natural resources and chemicals, media and telecommunications, venture capital and real estate. The group also has investments in the US, South America, Europe and Israel. Blavatnik received a master’s in computer science from Columbia University as well as a MBA from Harvard Business School. He has also been knighted for his commitment to philanthropy.
David and Simon Rueben
David and Simon Rueben are British business men with a total net worth of $19.62bn. Both brothers were born in Mumbai, India and then moved to London in the 1950’s. The brothers were involved in different business ventures from a young age. David started out in a scrap metals business, whilst Simon started out in the carpet industry. Simon made enough money from this to start investing in real estate. Their wealth increased in both metals trading and property with the formation of their company Trans-World metals.
Hugh Grosvenor: The Duke of Westminster
The Duke of Westminster has a total net worth of nearly $13bn. He is an aristocrat, businessman and landowner. He is also the world’s richest person under the age of 30. Grosvenor worked in estate management after university and then went on to the Grosvenor group from 2014-15. He inherited his wealth after his father’s death in 2016.
Out of the 1,000 entries on the rich list, 145 are billionaires. There are 141 women on the list this year. The richest woman in the UK is Charlene de Carvalho- Heineken who takes sixth place in the list. She is the head of the brewing company Heineken and along with her husband, has a combined wealth of $14.17bn.
