Lakshmi Mittal retains tag as richest man in Britain, tops Sunday Times Rich list

It's not a good year to be in metals,mining or owning football clubs. Lakshmi Mittal, who still retains his tag as the richest man in Britain, topping the annual Sunday Times Rich list, is GBP4.8 billion poorer than he was last year, with his wealth estimated at GBP12.7bn - the main reason, a Eurozone crisis that has eroded the share price of Arcelor Mittal. 

Anil Agarwal, Vedanta's promoter, has seen his position dropping from 12th place to 26, thanks, again to dropping share prices that's seen his wealth erode by GBP1.5 bn. Ravi Ruia, who entered the list last year at number 12, has also seen his share price bomb, and in 2012 clocks in at 33, with his wealth almost halved by GBP2.9 bn to GBP 2 bn. The newspaper noted that Essar Global, which was valued around GBP 5.4 bn in 2010 when it floated, is now valued at GBP 1.6 bn. 

The only Indians who have seen their position going up are Sri and Gopichand Hinduja, who last hit the headlines for buying a palatial mansion at Carlton Terrace, within a stone's throw of Buckingham Palace in Pall Mall, who are now estimated to be worth GBP8.6bn, up by GBP 2.6 bn from last year. It puts them at the 4th place in the top 1000 rich list. 

Anurag Dikshit, the reclusive, Gibralter-based former owner of poker site Partygaming, makes it to the number 3 in the top philanthropy list in 2012, with recent donation of GBP 23.4 million to his charitable trust in India, Kusuma, in addition to the GBp 172 million he gave away last year, reducing his personal wealth to a mere GBP 35 million. 

In the top 50, another Indian who's seen he's position rise is Ajay Kalsi, of AIMS-listed Indus Ind Gas, who at number 42 has significantly crawled up the ladder from number 58. The newspaper attributed this to share prices holding up despite the recession. 

Of the other top 3, though, Alisher Usmanov, the Russian mining tycoon best known for his recent acquisition of Arsenal football club, has also lost wealth, as has Roman Abramovich, the oil mogul best known for his ownership of Chelsea football club, has also lost money.