View the article online at http://citywire.co.uk/wealth-manager/article/a750566
The billionaire 100 club: Peter Hargreaves' inexorable rise
by Dylan Lobo on May 12, 2014 at 08:01
The Indian-born Hinduja brothers, Sri and Gopi, top the list with an £11.9 billion. The pair’s conglomerate, Hinduja Group, covers banking, oil, media and electricity.
The brothers stole Alisher Usmanov’s crown, who dropped to second spot after a £2.65 billion slump in his fortune in 2013, leaving it standing on £10.65 billion. The Russian, who owns a 30% stake in Arsenal football club, was hurt by the crisis in Ukraine which triggered a tumble in the rouble.
Fellow Russian and Chelsea football club owner Roman Ambramovich was also impacted by Ukraine, with his wealth declining by £780 million to £8.52 billion.
The list contains three billionaires from the hedge fund world; Brevan Howard founder Alan Howard saw his wealth rise by £100 million to £1.6 billion and Blue Crest fund manager Michael Platt earned £550 million to lift his fortune to £1.5 billion. CQS owner Sir Michael Hintze completes the trio with a £155 million rise to £1.055 billion.
Elsewhere, it was good year for Bruno Schroder and family, who enjoyed a £1 billion rise to increase its total to £2.87 billion.
Meanwhile, Ashmore boss Mark Coombs is sitting on £1.19 billion, although his wealth depleted by £46 million on poor sentiment in emerging markets.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop