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Russian magnate tops UK rich list
(Agencies)
Updated: 2004-04-19 09:33

Russian oil magnate Roman Abramovich is the richest person in Britain, according to a newspaper-compiled wealth list released Sunday.

Abramovich, who moved to Britain last year after purchasing London's Chelsea soccer team, is worth ￡7.5 billion ($13.8 billion), The Sunday Times reported.

Russian oil magnate Roman Abramovich worth ￡7.5 billion, newspaper says. [AP/File]

The newspaper said his vast fortune, generated from shareholdings in oil, aluminum and pharmaceuticals companies, had knocked the Duke of Westminster into second place on the "Rich List."

The duke, who owns huge swaths of land in central London and elsewhere, is worth ￡5 billion ($9.2 billion), according to the survey.

Hans Rausing, the Swedish-born Tetrapak billionaire, was third in the list with a fortune valued at ￡4.95 billion ($9.1 billion), followed by British retailer Philip Green with ￡3.61 billion ($6.6 billion).

According to the survey, the combined wealth of Britain's richest 1,000 people has jumped from ￡155.86 billion ($286.78 billion) in 2003 to ￡202.42 billion ($372.45 billion) this year, a record 30 percent increase.

Rounding out The Sunday Times' top 10:

5. Lakshmi Mittal, steel, ￡3.5 billion ($6.4 billion)

6. Richard Branson, Virgin, ￡2.6 billion ($4.78 billion)

7. Kirsten and Jorn Rausing, inheritance, investments, ￡2.575 billion ($4.73 billion)

8. Bernie and Slavica Ecclestone, Formula One, ￡2.323 billion ($4.27 billion)

9. Charlene and Michel De Carvalho, Heineken, ￡2.26 billion ($4.15 billion)

10. David and Simon Reuben, property, metal, ￡2.2 billion ($4.04 billion)

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