Sri and Gopi Hinduja: who are the richest people in the UK - 2023 net worth and how they made their money

Sri and Gopi Hinduja have been named the UK’s wealthiest people in The Sunday Times Rich List 2023.

The annual ranking, which was revealed today, shows that the Indian-born British businessmen have amassed a huge amount of wealth which has almost doubled in the past year. They join notable billionaires in the top ten list, with Sir Jim Ratcliffe, Michael Platt and Sir James Dyson making an appearance.

But who are the Hinduja Brothers - and how did they build their billions?

Here’s everything you need to know about Sri and Gopi Hinduja.

Who are Sri and Gopi Hinduja?

Srichand ‘Sri’ Hinduja was born in Karachi in 1935, making him currently 86-years-old.

Gopichand ‘Gopi’ Hinduja is the younger brother of Sri who as born in 1940, making him 82-years-old.

The pair have worked together with family since a young age, with Sri first beginning his career by working in his father’s textile and trading business in Bombay and Terhan.

How much are Sri and Gopi Hinduja worth?

According to the Sunday Times Rich List 2023, Sri and Gopi Hinduja and their family are worth £35billion. This is up from £28.472 billion in the 2022 list, which they also topped.

How did Sri and Gopi Hinduja make their money?

The Hinduja brothers, who live in London, have mainly made their money in industry and finance. Sri has had a history in a number of different industries. During the 1960s, he was notable for acquiring the overseas rights to the Bollywood film Sangam, the second-highest grossing film in India in 1964.

In one of the biggest acquisitions of his career up to that point, Sri bought Ashok Leyland and Gulf Oil in the 1980s. He later acquired the establishment of bakns in Switzerland and India in the 1990s. This propelled him to become of of the country’s most notable businessmen.

In 2012, he joined a consortium alongside Ghouse Mohammed Asif and Hank Paulson to acquire metal liquids manufacturer Houghton International for $1.045bn.

Gopi followed his big brother into business and is the current Co-Chairman of the Hinduja Group. The Hinduja Group was founded by the pair’s father Parmanand Deepchand Hinduja.

The group, which employs 150,000 people worldwide, is a transnational conglomerate which is involved in eleven different sectors, including oil, banking and finance, and real estate.

Do Sri and Gopi Hinduja own property in the UK?

Sri and Gopi have used their wealth to acquire properties in the UK. The Hinduja family have a home in London’s Carlton House, located nearby Buckingham Palace.

This property is worth around $500million and is believed to be the third most expensive private residence in the world. Sri and Gopi also own the valuable Old War Office in London’d Whitehall. A Raffles Hotel is set to be opened within the building.

Who else was on the Sunday Times Rich List 2023?

The Sunday Times Rich List 2023 is populated by the UK’s wealthiest people.

Sri and Gopi came out on top, but they were joined by many notable businesspeople.

The top 10 wealthiest people in the UK are:

1. Sri and Gopi Hinduja and family - £35bn
2. Sir Jim Ratcliffe - £29.688bn
3. Sir Leonard Blavatnik - £28.625bn
4. David and Simon Ruben and family - £24.399bn
5. Sir James Dyson and family - £23bn
6. Lakshmi Mittal and family - £17bn
7. Guy, George, Alannah and Galen Weston and family - £14.5bn
8. Charlene de Carvalho-Heineken and Michel de Carvalho - £13.122bn
9. Kirsten and Jorn Rausing - £12bn
10. Michael Platt - £11.5bn

The 2023 Sunday Times Rich List showed that while the number of billionaires in the UK has decreased, the amount of wealth shared by those remaining in the UK has increased.

Chancellor Rishi Sunak and his wife Akshata Murty joined the list for the first time in 2022, ranking at 222. However, their £730million wealth has decreased to an estimated £529million in 2023, ranking them 275 on the list.