NRI steel tycoon Lakshmi Mittal and his family continue to head the Asian Rich List-2012 despite their wealth coming down by 2 billion pounds at 13.5 billion pounds. This is stated in the Asian Rich List,naming Britain's '101 Wealthiest Asians 2012' and brought out by EasternEye,a publication of the Asian Media & Marketing Group (AMG). The Rich List was officially released last night by Ramniklal Solanki,CBE Editor-in-Chief,Asian Media & marketing Group in the presence of Keith Vaz,MP,at the Asian Business Awards ceremony. The Hindujas,whose activities span from transport to oil,have seen their fortune improve further with a wealth of 9.5 billion pounds during the year,up 500 million pounds,to finish second in the list. Anil Agarwal,Chairman of Vedanta Group,is third in the list with a fortune of 3.2 billion pounds,down 1.3 billion pounds,from last year. Lord Swraj Paul,Chairman of Caparo and Chancellor of Westminster and Wolverhampton Universities,is 7th in the list with a wealth of 675 million pounds - up 75 million from last year. According to the report,Lord Paul has looked into the future and what he sees is carbon fibre - or "composites" to use the correct technical term. Objects that are constructed today from steel could tomorrow be made from carbon fibre,Lord Paul said. Lord Paul who has witnessed many a technical innovation in his 81 years,does not rule out such a possibility. "In future,I would not be surprised if it could be," he was quoted as saying. Lord Paul pointed out that "Airbus uses a lot of carbon fibre parts and so does the latest aircraft from Boeing - the 787".
