Latest Stories

Russian billionaire Usmanov tops Britain’s rich list


LONDON—Russian billionaire Alisher Usmanov has topped an annual “rich list” compiled by Britain’s Sunday Times newspaper, with a fortune of £13.3 billion ($20.3 billion).

The 59-year-old tycoon, who started out manufacturing plastic bags, now owns Russia’s biggest iron ore producer Metalloinvest and has a nearly 30-percent stake in Arsenal Football Club.

He also has a holding in mail.ru, Russia’s biggest Internet company, and a large stake in London and Moscow listed mobile phone operator MegaFon.

Steel magnate Lakshmi Mittal, who spent eight years at the top of the list, was ousted into fourth place with a wealth of £10 billion—down from £12.7 billion in 2012.

Mittal, whose hold in steelmaking giant ArcelorMittal sank from a peak of £28 billion to £5.95 billion, was the biggest faller in the ranking of Britain and Ireland’s wealthiest.

The combined fortunes of the 1,000 richest totals almost £450 billion, with the fortunes of the top 200 amounting to £318.2 billion, according to the list.

In second place, and the highest riser, is Warner Music owner Len Blavatnik, whose wealth rocketed from £3.4 billion last year to £11 billion ($16.8 billion) this year.

The Russian-born media mogul, who now holds United States citizenship, sold his stake in Russian oil and gas giant TNK-BP last month for £2 billion.

The 25th annual list, published in the British newspaper on Sunday, includes 88 billionaires, an increase from 77 last year and up from just nine when it was first published in 1989.

Queen Elizabeth II was ranked top in the list’s first year when her wealth was valued at £5.2 billion and included all the Crown Estates and the royal art collection. After 1993 she fell from that spot as she was valued only on her personal wealth.

Third on the list this year are brothers Sri and Gopi Hinduja, of the London-based international conglomerate Hinduja Group, with a fortune of £10.6 billion.

Chelsea football club owner Roman Abramovich, who made his fortune in the oil industry, has dropped two places to fifth on the list, with a value of £9.3 billion.

New to the top 20 is Saudi businessman Mohamed Bin Issa Al Jaber at 15th place with £4.5 billion, ahead of Virgin founder Richard Branson who is ranked at 19 with £3.5 billion.

Earlier this month former Beatle Paul McCartney topped The Sunday Times rich list of musicians for a 25th year running with the £680 million fortune he shares with his third wife, Nancy Shevell.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Britain , economy , Finance , People , Russia

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Easterlies to prevail in Luzon, Visayas
  • Lacson eyes P106-B ‘Yolanda’ rehab masterplan
  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • No tourist draw, Malang the croc will remain wild
  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Apple increases stock buyback, will split stock
  • Cost-recovery provisions for affected gencos urged
  • This time, BIR goes after florists
  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Technology

  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Filipinos in Middle East urged to get clearance before returning
  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Marketplace