by Press Trust of IndiaBritish Prime Minister Rishi Sunak and his wife Akshata Murthy, who made their debut on the UK rich list last year, have lost around GBP 201 million since then, as Murthy’s shares in Infosys plunged in value, Friday. According to a media report.
“The Sunday Times Rich List” 2023 claims the couple has fallen from 222nd place in 2022 to 275th in this year’s tally with an estimated wealth of 529 million GBP, largely attributed to Murthy’s father Narayan goes to the Indian software firm co-founded by Murthy.
“The couple’s most valuable asset has been their long-standing shareholding in Infosys, an Indian IT giant founded by Murthy’s father,” Rich List analysis said.
“Over the past year, their wealth has declined by more than half a million pounds a day. When the pair made their debut on the rich list 12 months ago, the holding was worth around GBP 690 million. Since then Infosys’ Shares declined due to lower revenue from its banking, technology and other customers.
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The annual compilation of Britain’s wealthiest families is once again topped by the Indian-origin Hinduja family, who have seen their wealth rise by GBP 35 billion over the past year – the biggest ever recorded by the newspaper Is.
This comes days after the head of the family, Srichand P. Hinduja, died in London at the age of 87 and his brothers – Gopichand, Prakash and Ashok – released a statement expressing the family’s grief over his passing.
The Prosper List said, “For decades a simple mantra has ensured harmony within the Hinduja family: ‘Everything belongs to everyone and nothing belongs to no one’.”
“However, an eight-year court battle between the children of Mr, who died earlier this week aged 87, and his three uncles has created tensions at the heart of this billionaire dynasty. The feud began in 2015 when Shree claimed that Gopi, 83, Prakash, 77, and Ashok, 72, tried to snatch ownership of Hinduja Bank from him. Mr. was always the owner of the bank. It is chaired by his eldest daughter Sanu and its chief executive is Sanu’s eldest son Karam.
The top 10 of the “Sunday Times Rich List” of 2023 includes another set of India-born brothers, David and Simon Reuben, at the fourth spot with an estimated fortune of around GBP 24.399 billion.
At No.6 is NRI tycoon Lakshmi N. of ArcelorMittal Steelworks. Mittal with GBP 16 billion, down GBP 1 billion from last year, is followed by Vedanta Resources industrialist Anil Agarwal at number 22 with an estimated GBP 8 billion.
Other Indian-origin billionaires in the 2023 list include textile entrepreneur Prakash Lohia at number 33 with an estimated worth of GBP 5.846 billion; Retail majors Mohsin and Zubair Issa at 40th position with GBP 5.05 billion; and pharma major Naveen and Varsha Engineer at 61 with GBP 2.8 billion.
Also in the top 100 are prominent NRI industrialists Lord Swaraj Paul and family at 68th position with GBP 2.6 billion, and Simon, Bobby and Robin Arora at 71st position with GBP 2.532 billion.
A new British Indian entry in this year’s rich list is fashion industrialist Sundar Janomal, who ranks 78th with a net worth of GBP 2.276 billion, hotelier Jasminder Singh and family – regulars on the tally – come in at 89 with GBP 1.904 billion. have been
According to “The Sunday Times”, its annual list is based on identifiable assets including land, property, other assets such as art, or significant shares in publicly quoted companies, and excludes bank accounts, which it has no access to. .
Therefore, it notes, the actual size of wealth of the country’s wealthiest could be larger than the estimated figure.
It is the 35th such list released by the newspaper this year and marks the first drop in the number of billionaires since the 2007-08 financial crisis, falling to 171, six fewer than the previous year.
King Charles III has entered the list as the new British monarch, with an estimated fortune of GBP 600 million – more than his late mother Queen Elizabeth II’s fortune, which was estimated at GBP 370 million at her death. 2022.