Hinduja brothers top list of 134 United Kingdom billionaires with £16.2 bn

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"The Sunday Times Rich List" says that uncertainties triggered by Britain's vote to leave the European Union (EU) last June have not impacted the country's billionaires' ability to make money, as they grew in numbers with a 14 per cent rise in their fortunes since previous year to earn a record 658 billion pounds collectively.

Having first topped the list in 2014, the Hinduja brothers, Srichand, 81, and Gopichand, 77, have a vast array of business investments under the Hinduja Group. They turned London's Old War Office into a high-end luxury five-star hotel along with 88 magnificent apartments. "Their six-storey mansion, a sapphire's throw from Buckingham Palace, adds 300 million pounds", it adds.

The only British-born billionaire in the top 10 is Hugh Grosvenor, 26. who became the world's richest under-30 when he inherited his father's estate a year ago. His personal fortune went up more than £6 billion to £13.23 billion.

"The furnaces are roaring again in the steel industry".

Brexit failed to derail the rise of the super-rich and the collective cash of the world's wealthiest topped a whopping £658bn - that's up 14 per cent on a year ago.

In addition, the number of billionaires in the country, in which London boasts more than any other city in the world, rose to 134 from 120 a year ago. There was not a single Briton in the top 5, with Ukranian businessman Len Blavatnik picking up the 2nd spot with an approx £15.98 billion net worth and Russian oligarch Alisher Usmanov at the fifth spot with a net worth of approximately 11.8 billion.

He said: "We expected to see a chilling effect in the run-up to the European Union referendum, but that simply did not materialise".

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'A buoyant stock market usually drives the wealth of rich-listers higher, and since last June equities have soared'.

The compiler has placed a total of 40 Indian-origin people in the rankings, including the Gujarati brothers Mohsin and Zuber Issa of Euro Garages whose one billion pounds puts them at 133rd position.

The figure a year ago was £103 million, while it reportedly took just £15 million to make the list in 1997. The brothers made their money in London property and internet.

Among the artists, Mumbai-born sculptor Anish Kapoor makes the list of 1,000 with 134 million pounds.

Three out of the five richest people in the United Kingdom are of Indian origins, according to the 2017 Sunday Times Rich List, its 29th edition.

The singer is now worth 125 million pounds, making her the sixth richest person under 30.

The figure in 2016 was £103 million.

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