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Sunday, April 3rd, 2005, 10:26 AM

UK's latest rich list revealed

http://newsimg.bbc.co.uk/media/images/40912000/jpg/_40912925_forbes203b.jpg Lakshmi Mittal tops the list thanks to soaring steel prices

Seven of the 10 wealthiest billionaires living in Britain come from overseas, according to this year's Sunday Times Rich List.

Indian steel magnate Lakshmi Mittal comes out on top with a fortune estimated by the newspaper at 14.8bn.

Roman Abramovich drops to second place but the oil tycoon and Chelsea owner is reckoned to be worth 7.5bn.

The Rich List estimates that these men are among 40 billionaires living in Britain - the biggest number recorded.

The combined wealth of the top 10 on the list is 52.55bn - 10bn more than the top 200 a decade ago.

It is the highest wealth total yet recorded and represents a 23.3% rise on last year.

New entries this year include inventor James Dyson, newspaper proprietor Richard Desmond, and Iraqi-born tycoon Nadhmi Auchi.

Mr Mittal, who lives in London's most expensive residence costing 70m ($134m), has benefited from soaring steel prices.

http://newsimg.bbc.co.uk/shared/img/o.gifTHE TOP TEN
Lakshmi Mittal - 14.8bn
- Roman Abramovich 7.5bn
Duke of Westminster - 5.6bn
Hans Rausing -4.95bn
Philip and Christina Green - 4.85bn
Oleg Deripaska - 4.37bn
Sir Richard Branson - 3bn

Kirsten and Jorn Rausing - 2.75bn
David and Simon Reuben - 2.5bn
Spiro Latsis family- 2.4bn

Source: Sunday Times

The wealthiest woman on the list is Christina Green, who shares a 4.85bn fortune with her husband, retail giant Philip Green.

Of the 1,000 people on the list, 750 are self-made millionaires with most of them making their money in land, property, banking or finance.

An overall increase in wealth means that the entry level for the Rich List has risen by 25% to 50m.

The Sunday Times calculates that Sir Elton John is the most generous of Britain's richest people, giving away an estimated 12% of his 185m fortune to charity.

Tom Hunter, who made his money in sporting goods, raised an estimated 50.2m for charity in 2004, representing 7.4% of his wealth.

Madonna and Guy Ritchie rank 208th overall with 235m, Catherine Zeta-Jones and Michael Douglas come in at equal 285th with 170m and Sharon and Ozzy Osbourne have a combined wealth of 100m (458th).

The Beckhams are ranked at 654th with 75m.

There are a record number of women - 81 - on the Rich List, up from 78 last year.

JK Rowling, author of the Harry Potter books, has increased her wealth again this year, from 435m in 2004 to 500m.

This places her at equal 96th in the overall list and makes her equal ninth in the list of wealthiest women.

The Queen is ranked at 15th in the richest women table and equal 180th in the main list with 270m. The Sunday Times Rich List is based on identifiable wealth such as land, property and significant shares in publicly quoted companies. Bank accounts, to which it has no access, are excluded.