Tuesday, 19 June 2012

Two out of three UK rich-list billionaires are non-doms!


Alisher Burkhanovich Usmanov,
courtesy of 100wealthiestpeople.
More foreign billionaires are setting up home in the United Kingdom than ever before, according to the latest rich list.

Two out of three of the top 15 richest individuals in the UK are non-domiciled, coming from a diverse range of nationalities and backgrounds.

Alisher Burkhanovich Usmanov, whose stable of companies and investments range from Metalloinvest to MegaFon and Kommersant, has replaced previous incumbent, Lakshmi Niwas Mittal, at the top of the Wealth-X list. More popularly known as part owner of English football club, Arsenal, Mr Usmanov is worth at least US$ 16.4 billion.

Mr Mittal has seen his net worth estimate decline along with the stock price of ArcelorMittal, losing at least US$ 30 billion in recent years. He now sits second on the list. At third spot is Roman Abramovich, the owner of Chelsea Football Club and Millhouse Capital.

Old money is represented by Gerald Cavendish Grosvenor, the sixth Duke of Westminster, who is fourth on the list. The wealthiest property developer in the United Kingdom, the family business traces its roots to 1677, when ancestor Thomas Grosvenor married Mary Davies, who had inherited 500 acres of land in West and Central London.

Women are represented on the list with the Heineken heiress Charlene de Carvalho-Heineken at No. 10.

The list was compiled by Wealth-X, the global UHNW (ultra high net worth) prospecting, intelligence and wealth due diligence firm.

Stephen Morison, Vice President of Global Research at Wealth-X, noted, "The fact that the top 15 are mostly non-domiciled UHNWIs with diverse nationalities and backgrounds, reflects the attraction the United Kingdom holds for the ultra affluent, who are increasingly global in their outlook and lifestyle."

Mykolas D. Rambus, CEO of Wealth-X, commented, "The growing trend of the ultra wealthy choosing to establish residences in the most cosmopolitan cities around the world has implications for all professionals operating in the financial services and luxury sectors. Professionals need to understand these ultra wealthy clients, who defy being categorized by geographical location, should they wish to create consistent strategies of approach."

Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth individuals, along with the privately held-companies they control. The company works with 8 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands.

The firm's online business development solution profiles individuals who represent US $10.7 trillion of the world's net wealth. The Wealth-X database additionally offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies.

Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, the company has offices in Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mumbai, New York, Sydney.


The Wealth-X Rich List:
Rank
Name
Net Worth Estimate (US$ Billion)
1
Alisher Burkhanovich Usmanov
16.4
2
Lakshmi Niwas Mittal
15.8
3
Roman Abramovich
12.1
4
Gerald Cavendish Grosvenor
11.1
5
Leonard Valentinovich Blavatnik
9.5
6
John Fredriksen
9.3
7
Hans Rausing
9.1
8
Willard Gordon Galen Weston
8.4
9
Srichand Hinduja
7.6
10
Charlene de Carvalho-Heineken
6.9
11
Nicholas Oppenheimer
6.8
12
Gopichand Hinduja
6
13
Richard Branson
5.0
14
David Reuben
4.7
15
Charles Cadogan
4.6


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