Home > Conservative, General Election 2010, Labour, Liberal Democrat, UK Politics > How’s that recession going for you?

How’s that recession going for you?

Lakshmi Mittal, asset stripper & Labour donor doubled his fortune.

The collective wealth of the country’s 1,000 richest people rose 30% last year in the wake of the economic crisis.

Their combined wealth rose by more than £77bn to £333.5bn, the biggest annual increase in the 22-year history of the Sunday Times rich list. The number of billionaires rose by 10 to 53.

Last year’s list showed how the economic crisis wiped £155bn from the wealth of the UK’s richest people, with the number of billionaires falling from 75 to 43.

The London-based steel magnate Lakshmi Mittal headed the list for the sixth consecutive year, seeing his fortune double from £10.8bn in 2009 to £22.45bn following the recovery in the global steel industry.

The Chelsea owner, Roman Abramovich, remained second, adding £400m to his wealth in a year to reach £7.4bn. The richest British-born billionaire, the Duke of Westminster, saw his fortune – mainly based on property – increase by £250m to £6.75bn

Source:  The Guardian

New Labour for the working people.

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