London has most billionaires
A new study of the super-rich finds that London has become the capital of the world's wealthiest, with more billionaires than any other city in the world.
The Sunday Times, which published the list, says the city has 72 residents whose fortune exceed 1 billion pounds ($1.6 billion) — more than Moscow, at 48, or New York, at 43.
The newspaper reports that Britain also has more billionaires per head than any other country, with one in billionaire for every 607,000 Britons versus one for every 1 million or so Americans. It was the first time the newspaper has compared Britain's overall standing to that of other countries.
Indian-born brothers Srichand and Gopichand Hinduja top the list, with a 11.9-billion pound fortune. The two run the Hinduja Group conglomerate.
Comments on this story are pre-moderated and approval times may vary. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.
Read more World News
- Family condemns RCMP BC
- Child pornography sentencePenticton / S. Okanagan
- Bobbitt hearing continuesPenticton / S. Okanagan
- Inquest into teen's Mill deathVernon / N. Okanagan
World Health Organization
World Trade Organization