Mittal most powerful British, Sarin is 24th

Font Size

Print

Feedback

Email

Discuss

Related Articles

India Inc lends a helping handEssar in pact with Japan's Kobe SteelEssar in pact with Japan's Kobe SteelMaruti car sales dip 27 pct in Nov

London, Jul 4 : Money and power being ‘natural bedfellows’ is not necessarily true in the British world, except for steel tycoon Lakshmi Mittal who figures right on the top of a new Richest Power List, compiled aftercombining two separate rankings of the most powerful and the richest in the UK.

Giving Mittal company on the new list, compiled by the Times newspaper, is another Indian-origin executive Arun Sarin, the world’s top mobile firm Vodafone’s outgoing CEO, who has made it to 24th in the combined list, even though he does not figure among the top 1,000 richest persons in the UK.

Mittal, with an estimated fortune of £27.7 billion, had also topped this year the Sunday Times Richest List, which has been combined with the Times Power 100 list to make the Richest Power List.

The Power 100 is an annually compiled survey of the top names in business in the UK. The Times newspaper cross-referenced those on the Power 100 list with another annual ranking, The Sunday Times Rich List, to produce the Richest Power List.

The daily said, “Money and power have always been of as natural bedfellows: you only stand a chance of holding sway if you have the wealth to back it up.”

“To test the truth of this we combined The Times Power 100 with The Sunday Times Rich List and we discovered the opposite. In the world of British business at least, it seems that you don’t have to be rich to be powerful,” it noted.Out of the 26 of the Power 100 who also made it onto the Rich List, only 10 got a place in the top hundred, it added.

“Lakshmi Mittal, who tops the Rich List, also leads our combined list,” the Times said. Mittal, CEO and main promoter of the world’s largest steelmaker ArcelorMittal, was ranked sixth in the Power 100 list.