From the Wires
Combined Net Worth Of Wealthiest British Executives Stands At US$50 Billion
Wealth-X Unveils List Of Top 10 UHNW British Executives
By: PR Newswire
Dec. 18, 2012 12:03 AM
SINGAPORE, Dec. 18, 2012 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, released a list of the top 10 executives in the United Kingdom (UK).
With an estimated net worth of US$15.8 billion, Lakshmi Mittal, chairman and CEO of ArcelorMittal, topped the list. In second place is Mohamed Al Jaber, chairman and CEO of MBI, with a net worth of US$6 billion. Philip Green, director of Arcadia Group, came in third with a net worth of US$5 billion.
The collective wealth of the top 10 wealthiest executives in the UK is US$50 billion, representing 3.8% of the total combined net worth of the British UHNW population. The total number of ultra high net worth individuals (UHNWIs) in the UK increased by 0.2% from 10,490 to reach 10,515 and the total combined net worth of British UHNWIs rose by 3.9% from US$1.27 trillion to US$1.32 trillion.
Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "These individuals are a reflection of the diversity of British society and industry, with countries of origin as varied as Saudi Arabia, India and Kazakhstan. The mobile nature of these UHNWIs is clearly reflected by their ownership of properties both within the UK and in countries outside of it as well as the luxury lifestyle that they embody. That they choose Britain as a business base indicates the prevalence of the notion of the UK as a safe haven for wealth."
For supplemental analysis, please visit: http://www.wealthx.com/articles/2012/top-10-uhnw-british-executives
Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.
For more information about Wealth-X, please visit: www.wealthx.com
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