Jeremy Corbyn demands Britain’s 1,000 richest publish all their tax returns

Billionaires are said to be making plans to protect their wealth amid fears Jeremy Corbyn could enter Downing Street

Billionaires are said to be making plans to protect their wealth amid fears Jeremy Corbyn could enter Downing Street

The billionaire Hinduja brothers have been named as the wealthiest people in the United Kingdom for a third time, according to the Sunday Times Rich List. The number donating more than 1 per cent has sunk by a quarter in just two years.

The combined wealth of Britain's billionaires has reached £524.84bn, up from £480.45bn past year, a 9.2 per cent rise. It does not include the amount contained in people's bank accounts, though.

Sri and Gopi Hinduja, whose Hinduja Group turned over almost £40bn a year ago, saw an increase of £1.36bn in their wealth, meaning they lead a record 151 billionaires in the list, six more than last time around.

Family business the Hinduja Group was founded in Mumbai in 1914, and now has interests around the world including in oil and gas, banking, IT and property.

Sri and Gopichand Hinduja, who run the Hinduja Group of companies, posted a hike of 1.35 billion pounds in their fortunes over the previous year to grab the top spot on The Sunday Times' list.

In second place are another set of billionaire brothers - David and Simon Reuben. His net worth dropped by 2.9 billion pounds since a year ago, the paper says. It takes £120m to make the richest 1,000, another record and a rise from £115m a year ago. Similarly, Lady Charlotte Wellesley, came in second on the list with a fortune of £2.835bn due to her family's brewing portfolio.

The Sunday Times said that after a year of turmoil on the stock market, the super-rich now feared the prospect of the main opposition Labour Party coming to power and forming a hard-left government.

Mittal is followed in the list by Indian mining magnate Anil Agarwal, who had a good year and registered a 8.72 billion pounds spike in his fortunes to be ranked 12th with a fortune estimated at 10.57 billion pounds. The group produces whiskey including Grant's, Glenfiddich and The Balvenie, as well as Hendrick's gin.

Rory McIlroy came in sixth, thanks to his successful career in golf, while footballer Gareth Bale came in seventh. Zimbabwe-born Valerie Moran becomes the first black female entrepreneur ever to make the annual rich list, with a fortune of 122 million pounds from her financial technology business.

Industrialist Swraj Paul and family are placed 69th with a wealth of £ 2 billion.

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