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.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: