Who has taken the title of Britain's richest man?



For the last eight years, steel tycoon Lakshmi Mittal has held the title of Britain's richest man. However, yesterday it emerged that he has lost the top spot to a Russian billionaire, with a keen interest in British football.

So who has taken the title, and who else features?

Richest man

According to this year's Sunday Times Rich List, the richest man in the country is 59-year-old Alisher Usmanov, a Russian billionaire, who owns almost one third of Arsenal football club.

Usmanov is worth a staggering £13.3 billion - with the value of his assets rising £985 million in the last year. He made a stunning amount of cash on the Facebook floatation - £1.6 million, by buying and quickly selling Facebook shares through his internet business.

He runs a massive business empire, which started out by manufacturing plastic bags, and branched out into everything from iron ore to mobile phones and TV production. He is Russia's richest man, residing in Russia but owning two properties in the UK - a London pad worth £48 million, and a Surrey mansion.

Who else is there?

He ousts Mittal, who owns 40% of the steel company ArcelorMittal. He famously paid for the red steel structure in the middle of the Olympic Park, owns 34% of Queens Park Rangers and funded the second most expensive wedding ever recorded when his daughter got married. Mittal has suffered from falls in his company's shares, which have dropped from 12 euros each to 9 euros. He is now worth a trifling £10 billion.

The number of billionaires in the UK is soaring - with 88 this year - up from 77 last year. However, we are importing them rather than making them here. The list of Britain's richest is dominated by Russians and Indians.

The fastest-mover in the list is Len Blavatnick, the Russian owner of Warner Music, whose wealth rose from £3.4 billion last year to £11 billion this year - putting him second on the list. He is a close neighbour of Mittal on Kensington Palace Gardens in Notting Hill.

Some of the biggest names in the UK made the top 20, including Sir Philip and Lady Green at 16 (worth £3.88 billion) and Sir Richard Branson at 19 (worth £3.5 billion).

The top ten is:

1. Alisher Usmanov - Russian Industrialist - worth £13.3 billion
2. Len Blavatnick - Russian owner of Warner Music - worth £11 billion
3. Sri and Gopi Hinduja - brothers and industrialists worth £10.6 billion
4. Lakshmi Mittal - steel magnate - £10 billion
5. Roman Abramovich - Chelsea owner and Russian oligarch - worth £9.3 billion
6. John Fredriksen - shipping and oil - £8.8 billion
7. David and Simon Reuben - property and internet - £8.28 billion
8. The Duke of Westminster - and first British-born man on the list - £7.8 billion
9. Ernesto and Kirsty Bertarelli - pharmaceuticals (and Kirsty is the first British-born woman on the list)- £7.4 billion
10. Charlene and Michel de Carvalho, inheritance, brewing and banking - £7 billion

Forbes rich list: the world's top ten billionaires

Forbes rich list: the world's top ten billionaires

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