Russian and Indian, two Ruler Class/ Richest of Britain

[Hello_10]

Indians account for 22% of Britain’s ultra-rich club

Indians account for 22% of Britain

Super-rich Indians account for more than 20% of the wealth of ultra-high net worth (UHNW) individuals in Britain, a new list showed on Tuesday. As a national group, they are second only to expat Russians.

The list, published by the Singapore-based Wealth-X group, places steel magnate and ArcelorMittal chairman Lakshmi Mittal at second place with a fortune of $15.8 billion. Mittal was pushed to the second spot this year by Russian Alisher Burkhanovich Usmanov, who is part owner of the English football club Arsenal and is worth $16.4 billion.

“Mittal has seen his net worth estimate decline along with the stock price of ArcelorMittal, losing at least $30 billion in recent years,” the report said.

The two other Indians on the top 15 list are the Hinduja brothers — Srichand at number 9 with a net worth of $7.6 billion and Gopichand at 12th with $6 billion.

Taken together, the wealth of the three Indian-origin industrialists makes up 22% of the top 15 total of $133.3 billion.

Apart from Usmanov, the two other Russians in the list include Roman Abramovich (at number 3, $12.1 billion) and Leonard Blavatnik (Number 5, $9.5 billion).

According to Wealth-X estimates, there are 10,760 individuals residents in Britain worth $30 million or more, with at least 310 new individuals joining the ranks of the ultra wealthy. On an average, Britain has added one UHNW individual every day since 2011. The combined wealth of the UHNW in Britain stands at an estimated $1.3 trillion.

“The wealth composition of the United Kingdom, London in particular, is diverse,” said David Lincoln, Director of Research at Wealth-X. “This is reflected in our data showing that 31% of the UHNW population in the United Kingdom is considered non-domiciled, with non-resident Indians and West AsianUHNWIs making up a significant proportion of these.”

Indians account for 22% of Britain

 

[Hello_10]

Indians account for 22% of Britain’s ultra-rich club

Indians account for 22% of Britain

Super-rich Indians account for more than 20% of the wealth of ultra-high net worth (UHNW) individuals in Britain, a new list showed on Tuesday. As a national group, they are second only to expat Russians.

The list, published by the Singapore-based Wealth-X group, places steel magnate and ArcelorMittal chairman Lakshmi Mittal at second place with a fortune of $15.8 billion. Mittal was pushed to the second spot this year by Russian Alisher Burkhanovich Usmanov, who is part owner of the English football club Arsenal and is worth $16.4 billion.

“Mittal has seen his net worth estimate decline along with the stock price of ArcelorMittal, losing at least $30 billion in recent years,” the report said.

The two other Indians on the top 15 list are the Hinduja brothers — Srichand at number 9 with a net worth of $7.6 billion and Gopichand at 12th with $6 billion.

Taken together, the wealth of the three Indian-origin industrialists makes up 22% of the top 15 total of $133.3 billion.

Apart from Usmanov, the two other Russians in the list include Roman Abramovich (at number 3, $12.1 billion) and Leonard Blavatnik (Number 5, $9.5 billion).

According to Wealth-X estimates, there are 10,760 individuals residents in Britain worth $30 million or more, with at least 310 new individuals joining the ranks of the ultra wealthy. On an average, Britain has added one UHNW individual every day since 2011. The combined wealth of the UHNW in Britain stands at an estimated $1.3 trillion.

“The wealth composition of the United Kingdom, London in particular, is diverse,” said David Lincoln, Director of Research at Wealth-X. “This is reflected in our data showing that 31% of the UHNW population in the United Kingdom is considered non-domiciled, with non-resident Indians and West AsianUHNWIs making up a significant proportion of these.”

Indians account for 22% of Britain

UK invaded: Russians buy up British land
http://www.rt.com/news/prime-time/london-real-estate-russians-535/

Already regular real-estate buyers on the London market, rich Russians are now spreading further into the country, conquering new lands.

London is once again attracting real-estate buyers from around the world. They see the city as “safe haven,” having already driven the prices of London's top-end residential properties up 3 per cent so far this year.

Rich Russians have long been leading London’s top and real estate market. Over 10 per cent of Thames riverside property is currently owned by them, and in 2011 Russian customers bought about 40 per cent of all property sold in the UK capital.

This year, however, the fashion has changed – Russians are now shifting from the city’s hustle and bustle to the countryside views.

“Recently we’ve seen many Russians moving out of London and buying more in the country,” Grainne Gilmore, head of UK residential research Knight Frank, told RT. “About 40 per cent of Russian purchases were in the country, compared to 20 per cent last year. Prices there remained fairly stable. Probably, the buyers are now looking for weekend homes or simply more rest.”

UK invaded: Well-off Russians buy up British land — RT

 

[DelhiDareDevil]

This is the only thing that is helping UK economy, is foreigners still believing UK is a great place for real estate investments.

 

[Hello_10]

This is the only thing that is helping UK economy, is foreigners still believing UK is a great place for real estate investments.

its true and this type of foreign money is only feeding UK otherwise Britain will face the worse. now its the migrants who are feeding them by this type of investments otherwise Britain is losing its industries with a faster rate than expected, as per the news as below, which clearly means lesser use of energy than expected which translate in faster rate of losing industries.....

Britain's greenhouse gas emissions fell 7 percent in 2011, putting one of the European Union's biggest emitters further ahead of its internationally binding target under the Kyoto Protocol, provisional government data showed on Thursday.

British greenhouse gas emissions down 7 pct in 2011 | Energy & Oil | Reuters

 

[Hello_10]

Indians account for 22% of Britain’s ultra-rich club

Indians account for 22% of Britain

Super-rich Indians account for more than 20% of the wealth of ultra-high net worth (UHNW) individuals in Britain, a new list showed on Tuesday. As a national group, they are second only to expat Russians.

The list, published by the Singapore-based Wealth-X group, places steel magnate and ArcelorMittal chairman Lakshmi Mittal at second place with a fortune of $15.8 billion. Mittal was pushed to the second spot this year by Russian Alisher Burkhanovich Usmanov, who is part owner of the English football club Arsenal and is worth $16.4 billion.

“Mittal has seen his net worth estimate decline along with the stock price of ArcelorMittal, losing at least $30 billion in recent years,” the report said.

The two other Indians on the top 15 list are the Hinduja brothers — Srichand at number 9 with a net worth of $7.6 billion and Gopichand at 12th with $6 billion.

Taken together, the wealth of the three Indian-origin industrialists makes up 22% of the top 15 total of $133.3 billion.

Apart from Usmanov, the two other Russians in the list include Roman Abramovich (at number 3, $12.1 billion) and Leonard Blavatnik (Number 5, $9.5 billion).

According to Wealth-X estimates, there are 10,760 individuals residents in Britain worth $30 million or more, with at least 310 new individuals joining the ranks of the ultra wealthy. On an average, Britain has added one UHNW individual every day since 2011. The combined wealth of the UHNW in Britain stands at an estimated $1.3 trillion.

“The wealth composition of the United Kingdom, London in particular, is diverse,” said David Lincoln, Director of Research at Wealth-X. “This is reflected in our data showing that 31% of the UHNW population in the United Kingdom is considered non-domiciled, with non-resident Indians and West AsianUHNWIs making up a significant proportion of these.”

Indians account for 22% of Britain

European Debt Crisis Driving Workers East
01 June 2012

Moscow has become a magnet for foreigners from struggling European economics who are seeking jobs.

A yearlong job search in Russia has yet to yield results for Daniel Campbell, a resident of Northern Ireland looking for new opportunities outside his home country.

Like many of their European peers, Britain and Ireland are struggling economically.

"Employment in Ireland is very competitive. Northern Ireland has the highest unemployment rate within the United Kingdom," said Campbell, a 23-year-old human resources specialist. "Most of my friends have immigrated or plan to immigrate to Australia, America, Canada or elsewhere," he said.

Despite its exorbitant prices and eternal traffic jams, Moscow has become a magnet for foreigners seeking jobs, as unemployment in Europe is hitting record highs amid the debt crisis.

"We've been particularly busy bringing foreigners over the last six months," said Gethin Jones, director of Troika Relocations, which helps foreigners move to Russia and settle in.

Both Jones and Moscow-based headhunters said the stable growth of Russia's economy has encouraged foreign specialists to look for new opportunities here.

The number of new resumes submitted by foreigners seeking employment in Russia increased 11 percent last year. That is a rebound from a 60 percent decline in 2010, according to online recruiting company HeadHunter.

This is not the first time strained economic conditions in their home countries have led foreigners to turn to Russia in search of employment.

The number of new resumes posted by foreigners on the hh.ru website run by HeadHunter rose 116 percent and 22 percent in 2008 and 2009, respectively, the company said.

But unlike in the crisis of 2008-2009, when Russia was hit as severely as the rest of the world, the local labor market now provides more opportunities for expats.

"It's a different situation: Europe is in recession, and the Russian economy looks more stable against this background," said Yekaterina Gorokhova, chief executive of Kelly Services CIS. "The labor market in Russia has resources today to attract foreign managers, which results in an increasing number of offers from foreign specialists."

During the previous crisis, foreigners' chances of being employed in Russia were close to zero because companies were cutting costs and had no money to cover relocation expenses, said Yury Dorfman, head of HR practice at Cornerstone, which focuses on executive searches.

Recruiters said that expats applying for a job in Russia today can count on generous social benefits, with companies covering housing and transportation costs and providing visa support, while salaries are almost equal to those received by local specialists.

Dorfman said that along with new resumes, his company now gets requests from former clients willing to come back after leaving the country between 2008 and 2009.

"I believe this is because of the strained economic situation in Europe. ... So non-demanded specialists are trying to find jobs outside the region," he said.

Russia's official unemployment rate reached 6.6 percent in 2011, down from 7.5 percent a year earlier, according to the State Statistics Service.

Unemployment in the 17-country eurozone stood at 10.4 percent in December 2011, according to the European Union's statistics service, Eurostat.

Having posted 4.3 percent growth in gross domestic product last year, Russia is becoming an attractive market for multinational corporations to develop business and bring employees, Jones said.

"That's not a huge growth, but compared to what's going on in Europe and North America, it's very significant," he said.

The eurozone saw modest economic growth of 1.5 percent in 2011, while the U.S. economy expanded by 1.7 percent.

Campbell, who plans to move to Moscow along with his Russian girlfriend, said he hopes that the pace of Russia's economic development will afford him "opportunities within an English-speaking organization based in Moscow or elsewhere" in the country.

Most foreigners are attracted to Russia by career promotion opportunities and a chance to be employed in positions that would require much more time to attain in their home countries.

"There's every chance to build a good career quickly in Russia and come back to the home country in a different status," Dorfman said. "For example, a Western financial controller could easily apply for a chief financial officer position in Russia."

Among the industries in which expats are traditionally in high demand are banking and finance, oil and gas, financial management and consulting, he said, adding that local companies usually invite foreigners to oversee new projects, which require skills and expertise that local managers often don't have.

An expat is also better received by the international business community and could raise financing for a company faster than a local colleague, he said.

But getting a job in Russia might be a challenge because expats are facing increasing competition from local specialists, headhunters said. Foreign specialists applying for a job will have to prove their skills are superior, however.

"Russia has raised a generation of qualified and responsible local managers," Gorokhova said.

This results in decreasing demand for foreign senior executives, although more companies are considering hiring mid-level managers from abroad, said Gleb Lebedev, head of research at HeadHunter.

The new trend leaves hope for Campbell, who said after months of fruitless searching that an English-language teaching position is the most realistic option for him.

European Debt Crisis Driving Workers East | Business | The Moscow Times

 

[Hello_10]

Indians account for 22% of Britain’s ultra-rich club

Indians account for 22% of Britain

Super-rich Indians account for more than 20% of the wealth of ultra-high net worth (UHNW) individuals in Britain, a new list showed on Tuesday. As a national group, they are second only to expat Russians.

The list, published by the Singapore-based Wealth-X group, places steel magnate and ArcelorMittal chairman Lakshmi Mittal at second place with a fortune of $15.8 billion. Mittal was pushed to the second spot this year by Russian Alisher Burkhanovich Usmanov, who is part owner of the English football club Arsenal and is worth $16.4 billion.

“Mittal has seen his net worth estimate decline along with the stock price of ArcelorMittal, losing at least $30 billion in recent years,” the report said.

The two other Indians on the top 15 list are the Hinduja brothers — Srichand at number 9 with a net worth of $7.6 billion and Gopichand at 12th with $6 billion.

Taken together, the wealth of the three Indian-origin industrialists makes up 22% of the top 15 total of $133.3 billion.

Apart from Usmanov, the two other Russians in the list include Roman Abramovich (at number 3, $12.1 billion) and Leonard Blavatnik (Number 5, $9.5 billion).

According to Wealth-X estimates, there are 10,760 individuals residents in Britain worth $30 million or more, with at least 310 new individuals joining the ranks of the ultra wealthy. On an average, Britain has added one UHNW individual every day since 2011. The combined wealth of the UHNW in Britain stands at an estimated $1.3 trillion.

“The wealth composition of the United Kingdom, London in particular, is diverse,” said David Lincoln, Director of Research at Wealth-X. “This is reflected in our data showing that 31% of the UHNW population in the United Kingdom is considered non-domiciled, with non-resident Indians and West AsianUHNWIs making up a significant proportion of these.”

Indians account for 22% of Britain

Russia's economic fortunes rise as West sinks

Russia's economic fortunes rise as West sinks - Telegraph

Despair, which is judged on the 'despair index' as inflation + unemployment + poverty, in the West is now higher than in Russia, says Ben Aris.

The traditional way of measuring pain in times of crisis is to look at the misery index: inflation + unemployment. But to really capture the pain people are feeling, you need to look at the despair index: inflation + unemployment + poverty.

The shocking fact is that despair in the West is now higher than in Russia.

In October, the US Census Bureau announced that one in seven Americans is living in poverty — the highest number since record-keeping began 53 years ago.

Two weeks later, the UK announced that the number of people out of work has reached its highest level in 17 years, and youth unemployment has hit a historic high at well over 20pc, according to the Office for National Statistics. Spain capped the round of bad news by announcing that unemployment there is 23pc — its highest figure ever and the highest in the EU. Even with the West’s low inflation, the misery index is already very high.


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But unemployment coupled with inflation alone doesn’t really tell the whole story. What does it matter if the cost of an iPod rises by 10pc a year if you can’t even put food on the table or heat your home?

The despair index allows a direct comparison between the West and emerging markets. The surprise is that central and eastern European states are doing better than the developed economies of the West.

And thanks to record low poverty and unemployment numbers in November, Russia’s despair index score of 25.5 is now lower than that of the United States, which has a despair level of 28.1.

Russia’s score highlights the transformation the country has been through since the collapse of the Soviet Union in 1991. Life for Russians at the start of the Nineties was truly horrible. Russia’s misery and despair indices were into the thousands thanks to hyperinflation, but as the decade wore on, the despair index fell steadily from around 90 in 2000 to the current level.

It is easy to blame the rising despair on the current crisis, but the US Census says poverty levels in the US have been rising since well before the current crisis began. Economists say that most American families were worse off in 2000 than they were in 1990.

There are some problems with comparing poverty across countries. With a poverty line of $11,139 (£7,160) per annum, America’s poor are a lot better off than most Russians, who earn an average of $9,600. However, the US Census Bureau says half of those living in poverty live in “deep poverty” with incomes half of the official poverty rate, which would make them poor even by Russian standards.

The existence of poverty in the “rich” world only underscores the fact that western democracy is flawed and emphasises the increasingly desperate need for deep structural reform. There has been a lot of talk of emerging markets overtaking the West, but for the majority of people, the Brics have already caught up. If you are rich, then you are better off living in America, but if you are poor, then the chances of your life improving are now brighter in Russia.

Russia's economic fortunes rise as West sinks - Telegraph

 

[Jade]

Indians accounting for 22% of Britain’s rich!!!, really surprising

 

[Nair saab]

Indians accounting for 22% of Britain’s rich!!!, really surprising

Whats So Surprising When some Italian Accounts for 25% of the Indian Rich...

 

[IND151]

its true and this type of foreign money is only feeding UK otherwise Britain will face the worse. now its the migrants who are feeding them by this type of investments otherwise Britain is losing its industries with a faster rate than expected, as per the news as below, which clearly means lesser use of energy than expected which translate in faster rate of losing industries.....

so when sarkotzy said "Britain has no industries", he was refereeing to this

 

[rcrmj]

I bought properties in London, and I know almost all the best parts of the development were bought by Russians````few million pounds seem nothing to them``!
Indians bought a lot in suburban areas, and few in Westend....london Belgravia is almost bought by Arabs and Russians

 

[King Solomon]

Great to know this news.

 

[Gandhi G in da house]

Hindi-Roosi bhai bhai in England as well .

 

[Hello_10]

so when sarkotzy said "Britain has no industries", he was refereeing to this

Green house emission is bad but it also refers to the level of energy consumed in a country, and higher for developed countries, obviously. but reduction in carbon emission by the rate of 7% per year, while population of Britain is always increasing?????????

these nations could become developed because they 'industrialized' themselves, and are called industrialized nations. but after losing a big proportion of their industries to China, they will then become 'Service' nations . but it won't continue for longer, and they are very likely to face a sudden fall soon

 

[Hello_10]

Despair, which is judged on the 'despair index' as inflation + unemployment + poverty, in the West is now higher than in Russia, says Ben Aris.

The shocking fact is that despair in the West is now higher than in Russia.[/B]

In October, the US Census Bureau announced that one in seven Americans is living in poverty — the highest number since record-keeping began 53 years ago.

And thanks to record low poverty and unemployment numbers in November, Russia’s despair index score of 25.5 is now lower than that of the United States, which has a despair level of 28.1.

Russia's economic fortunes rise as West sinks - Telegraph

it is interesting that Despair Index of Russia is now lower than US/ West, while debt level of Russia is also much lower than that of US and all the EU's economies? Russia is 'correct' while making a distances with these shiits who are first on higher Despair level and at the same time they are heavily indebted also, no future

List of countries by public debt

Russia 8.7

United Kingdom 85.7
United States 103.0
Ireland 108.4
Italy 120.9
Greece 165.3

List of countries by public debt - Wikipedia, the free encyclopedia

 

[Gautam]

it just proves one thing that Indians- if given good infra and development opportunities- can become successful no matter where they are. While some people(considering other people from sub continent) will remain as it is no matter wherever they are.