The new tribe of Indian billionaires has its capital in London. Clive Aslet profiles 20 of these Bollygarchs who love nothing more than prime Kensington property and weekends in the country
1. LAKSHMI MITTAL $28.7bn
Lakshmi Mittal does not court publicity, but neither – being among the handful of richest people on the planet - can he escape it. Born into a business family from the Indian state of Rajasthan in 1950, he founded the Mittal Steel Company in 1976, and it’s now the largest steelmaker in the world. Mittal’s $28.7bn fortune makes him not only the richest man in the UK but in Europe. His London house in Kensington Palace Gardens is nothing short of a palace, setting a property record when it was bought for £70m in 2003.