Newspaper article The Evening Standard (London, England)

Billionaire London Is Home to 36 on Forbes Richest List; (1) Richest Lakshmi Mittal (2) Listed Duke of Westminster

Newspaper article The Evening Standard (London, England)

Billionaire London Is Home to 36 on Forbes Richest List; (1) Richest Lakshmi Mittal (2) Listed Duke of Westminster

Article excerpt

Byline: VALENTINE LOW

LONDON is the billionaire capital of Europewith more of the super-rich living here than ever before.

The latest edition of the Forbes List reveals that a total of 49 of thewealthiest people on the planet have chosen to make Britain their homemost of them in London.

They include Lakshmi Mittal, whose $45 billion fortune ([pounds sterling]22.6 billion) makeshim the fourth richest person in the world, just behind Bill Gates.

Gates lost his place at the top of the list to the American investor andphilanthropist Warren Buffett, whose wealth has hit $62 billion ([pounds sterling]31 billion).

Buffett, 77, his friend and bridge partner, still lives in the house he boughtfor about [pounds sterling]15,000 when he was 28.

Gates also lost out on second place to Mexican telecoms tycoon Carlos Slim Helu($60 billion or [pounds sterling]30 billion).

A total of 35 British citizens are dollar billionaires. But because of theforeign billionaires who have moved here, the UK is home to 49, with 36 callingthemselves Londoners.

The Duke of Westminster, Gerald Cavendish Grosvenor, is the richest Briton,coming in 46th place with $14 billion ([pounds sterling]7 billion) after making his moneythrough property and inheritance.

Other notable Britons include Topshop entrepreneur Philip Green and his wifeCristina in 107th place with [pounds sterling]4.2 billion and Virgin boss Richard Branson in236th place with [pounds sterling]2.2 billion.

Formula One boss Bernie Ecclestone and supermarket owner David Sainsbury arealso represented, with [pounds sterling]1.9 billion and [pounds sterling]1.7 billion respectively.

Harry Potter author JK Rowling is Britain's only woman on the list, coming in1,062nd with $1 billion ([pounds sterling]504 million).

Rupert Murdoch comes 109th in the list with his media empire making him apersonal fortune of [pounds sterling]4. …

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