June 2021 \ Diaspora News \ DIASPORA
Reuben brothers 2nd on UK rich list

More people have become billionaires than at any point ...

Indian steel magnate Lakshmi Mittal climbed up in the list from No.19 last year to No.5 this year, Mittal, has seen net increase by 7.899 billion to 14.68 billion pound. Srichand and Gopichand Hinduja and family have fallen in the rankings from No.1 in 2019, to No.2 in 2020, down to No.3 this year. The family’s net income increased by 1 billion, to 17 billion pound.

Chronicle Live UK reported would-be Newcastle United owners David and Simon Reuben’s fortune has risen by an astonishing 5 billion during the last year as they maintained their place as the second richest people in the UK. The Reubens would only be part owners of United in the deal proposed by Amanda Staveley but their wealth, combined with that of Saudi PIF, would make Newcastle financial powerhouses if the deal can be resurrected through either arbitration or various court cases.

The Times reported the Reubens as going on a “spending spree” during the last year, snapping up buildings at far below market value. They spent $150million on Manhattan hotel The Surrey -- and have “snapped up undervalued hotels and other properties”, in particular in the US.




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