Top 20 Richest Asians

Source: Telegraph 2007

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Britain’s Richest Asians

01 Mike Jatania and family
Worth £850m

Uganda-born Jatania and his three brothers, George, Vin and Danny, run the cosmetics giant Lornamead. The Lornamead Group is a privately owned international manufacturer and marketer of cosmetics brands.

It specialises in purchasing under-used brands and companies, re-energising management and reinvigorating the organisations.

Its portfolio includes big names such as Yardley, Lipsil, Body Mist, Sara Lee, Bristol-Myers Squibb and Henkel Schwarzkopf.

The company has its international headquarters in the UK but maintains offices in the Middle East, America and Germany, and distributes brands in more than 50 countries.

In February 2007, Lornamead established new offices in India, as it starts significantly to increase its business in this market, with a particular focus on Yardley and Finesse.

02 Lord Swraj Paul and family
Worth £750m

India-born Lord Paul, chairman of the Caparo Group, is a leading businessman and an active member of the House of Lords. He came to the UK in 1966 and founded Caparo, a private diversified, UK-based group specialising principally in the manufacture and supply of steel and engineering products for industry.

03 Vijay and Bhikhu Patel
Worth £500m

The Patel brothers arrived in the UK from Kenya when Vijay was just 16. They now head up Waymade Healthcare, a wholesale pharmaceuticals business. In an attempt to build the Asian Glaxo, the brothers have created a subsidiary, Amdipharm, which aims to develop and launch new drugs.

04 Gulu Lalvani and family
Worth £450m

Karachi-born Lalvani is the founder and chairman of Binatone, one of the world’s largest manufacturers of digital cordless phones. Lalvani founded Binatone in Britain in 1958 with his brother Partap, naming it after their sister, Bina.

05 Jasminder Singh and family
Worth £360m

Tanzania-born luxury hotel boss Singh is chairman and chief executive of one of the most successful hotel chains in Britain, the Edwardian Radisson Group.

06 Tom Singh
Worth £350m

Singh founded New Look in 1969. It is now the third-largest womenswear retailer in Britain behind Marks & Spencer and Next, and the second-biggest women’s footwear retailer.

07 Ramesh and Pratibha Sachdev
Worth £350m

Sachdev formed Life Style Care with his wife Pratibha in 1987. He sold it 11 years later, making £25m from the family’s 85pc stake. Having recently sold his second company, in nursing homes, he is now planning a third.

08 Sir Anwar Pervez and family
Worth £250m

Sir Anwar began his career in the food business in 1963, when he opened a mini supermarket in Earls Court. He has since built an empire to become the “Cash and Carry” king with Bestway, a 50-warehouse operation in Britain, which employs around 4,500 people.

09 Firoz Kassam
Worth £240m

A hotels and leisure magnate, and the former owner of Oxford United FC, Kassam is famous for his eponymous stadium, a 12,500-seater on the edge of Oxford, which includes a hotel, cinema, bowling alley, gym, and restaurants.

10 Navin and Varsha Engineer
Worth £220m

Engineer and his wife Varsha already have succession planning in place for the family’s pharmaceuticals business Chemidex, with both children studying medicine.

11 Bharat and Ketan Mehta
Worth £200m

The Kenya-born Mehta brothers are proof that a low profile is not the same as low achievement. Their fortune is built on their business, Necessity Supplies, which specialises in parallel importing.

12 Abdul Alimahomed and family
Worth £150m

Birmingham-based Alimahomed recently sold his packaging company Europackaging to MidOcean Partners in a deal thought to be worth £170m-£190m, netting the family a tidy £100m windfall.

13 Nat Puri and family
Worth £130m

Said to be Nottingham’s richest man, Nathu Puri has built Melton Medes Group into a business empire in packaging, paper, engineering, textiles and plastics, in Germany, China, Poland and Hungary.

14 Dinesh Dhamija
Worth £120m

After a spell at IBM, Dhamija started in business with a small stall in west London selling cheap flights to budget travellers. He founded Dabin Travel in 1980 and Flightbookers in 1983. He has headed since June 1999.

15 Shami Ahmed and family
Worth £115m

Ahmed started out as a market trader in Burnley and went on to found the Joe Bloggs brand, which employs more than 2,000 people. Outside fashion he invests in properties across London and companies such as Austin Reed.

16 Rajan and Sanjay Kumar
Worth £100m

The Kumars’ Manchester-based business has grown from an initial investment of just £33 to an international multi-million-pound fashion distribution empire, Rajan Fashions. The company supplies chains from Zara to JC Penney.

17 Harpal Matharu and family
Worth £100m

Harpal remains one of the top 20 hoteliers in the country with his Global Grange business. He incorporated the company in 1980 and it has been resilient despite fluctuating conditions over the years. Its latest London project is a 200-bed hotel converted from a Ministry of Defence building.

18 Surinder Arora and family
Worth £95m

One of the top hoteliers in the country, Surinder opened the Arora International at Heathrow in 1999, the first hotel in Britain purpose-built for airline crew. He and his family own hotels near Heathrow and Gatwick airports and their businesses have survived well despite difficult times in the travel and property industries.

19 Rita and Rahul Sharma
Worth £95m

Rita Sharma started her own business to escape a job that bored her. She built Worldwide Journeys from a tiny Oxford Street office and is now one of the richest women in London. Her accountant husband, Rahul, quit his job to join her and the business now employs more than 100 staff.

20 Iqbal Ahmed and family
Worth £90m

After arriving in Manchester with his family in the early 1970s, Iqbal and his brothers, Kamal and Bilal, set up Iqbal Brothers to sell tropical fruit to wholesale caterers. They diversified into frozen fish and now run Seamark, best known for the Mr Prawn brand.

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