LONDON - Indian-born steel tycoon businessman Lakshmi Mittal maintains the top position as the richest man in Britain for the seventh time, despite their wealth down to five billion pounds.
Wealth Mittal, which is generally obtained from the world's largest steel company based in London, ArcelorMittal fell approximately 22 percent to 17.5 billion pounds in the last 12 months. This is the biggest drop in this year's list.
The largest decline in wealth in 60 years was driven by the decline in stock prices of ArcelorMittal as a result of the global steel industry is struggling to cope with expensive raw materials and slowing demand.
AFP quoted from The Sunday Times, Monday (05/09/2011), the total wealth of rich people in Britain are known to reach 18 per cent of the UK. Britain's richest 1,000 people saw their wealth continues to increase and their total assets amounted to 395.8 billion pounds.
The number of millionaires in Britain today is 73 people, an increase when compared to last year that as many as 53 people. Nearly matching the 75 specified in the list of 2008 before the financial crisis. Meanwhile, England was born carrying some 40 people.
Then Russian businessman Alisher Usmanov moved from sixth place to second place in the list after adding its assets grew 7.7 billion euros so that their wealth to 12.4 billion pounds.
Usmanov has a large share of ownership in the Russian iron and steel company Metalloinvest. And recently, Usmanov tried to become the controlling shareholder of English football club, Arsenal.
Women entrepreneurs from China Xiuli Hawken, 48 years old, ranked 61st. He's changing military shelters underground in China into an underground shopping center. As a result, the wealth of women living in London is recorded at 1.06 billion pounds.
Other women entrepreneurs is Mary Perkins, who founded the chain of eyeglasses stores, Specsavers with her husband Douglas. Their wealth increased 42 percent since last year to 1.15 billion pounds.
Billionaire wealth is increased when England face the budget saving measures proposed by the coalition to reduce the record deficit in Britain.
List of richest people is based on identifiable wealth such as land, property or shares in public companies, and excludes bank accounts.
Here is a list of 10 billionaires as reported by The Sunday Times Rich List 2011,
1. Lakshmi Mittal, steel entrepreneur with assets 17.51 billion pounds. Previously also occupies the first position.
2. Alisher Usmanov, steel entrepreneur with assets of £ 12.4 billion. Previously she was in sixth position.
3. Roman Abramovich, the oil business and industrial property derivatives with 10.3 billion pounds. Previously ranked second.
4. Duke of Westminster, property entrepreneur with a wealth of seven billion pounds. Previously was ranked third.
5. Ernesto and Kirsty Bertarelli, employers in the pharmaceutical sector with assets 6.87 billion pounds. Previously there at four positions.
6. Leonard Blavatnik, industrial entrepreneurs with assets 6.237 billion pounds. Previously he was at position 15.
7. John Fredriksen and families, businessmen who own property shipping 6.2 billion pounds. Earlier in the top 16.
8. David and Simon Reuben, property and internet entrepreneur with assets 6.176 billion pounds. Previously he was ranked fifth.
9. Gopi and Sri Hinduja, employers in the financial sector with the price of six billion pounds. He had entered into the richest man in Britain.
10. Galen and George Weston, retailers with assets of six billion pounds. Previously she was in seventh position.
