{"id":10626,"date":"2015-05-19T13:43:49","date_gmt":"2015-05-19T13:43:49","guid":{"rendered":"http:\/\/tat.reddaisytrading.co.uk\/index.php\/2015\/05\/19\/asian-rich-list\/"},"modified":"2016-01-07T17:31:17","modified_gmt":"2016-01-07T17:31:17","slug":"asian-rich-list","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2015\/05\/19\/asian-rich-list\/","title":{"rendered":"Asian Rich List"},"content":{"rendered":"
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Midlands Millionaires Revealed <\/h3>\n

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The ongoing annual battle of the Midlands\u2019 Asian millionaires this year saw Ranjit Boparan of 2 Sisters Food Group maintain his position at the top of the money mountain ahead of Steel tycoon Lord Swraj Paul for the third consecutive year.<\/font> <\/font><\/div>\n

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Ranjit Boparan, of 2 Sisters Food Group, now acknowledged as the country\u2019s second largest food production company, is in fact the only official Asian billionaire in the Midlands. Despite a challenging year for the business, his wealth is valued at \u00a31.35billion, an overall increase in net worth of \u00a350 million, and representing just over a quarter of the overall net worth of the 51 millionaires on this year\u2019s list. <\/font><\/div>\n

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In what has been another tough year for the economy, this year’s Asian Rich List \u2013 Midlands, published by Asian Media & Marketing Group (AMG) on 15 May, shows the combined overall net worth of the 51 millionaires has reached an impressive \u00a34.37 billion, (an increase of \u00a360 million since 2014), with the Top 10 representing nearly 75% of the total figure. <\/font><\/div>\n

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20 of the 51 millionaires have seen an overall increase in their net worth, but the impact of the global economic slowdown has definitely impacted on business, with 18 of the millionaires treading water to maintain their valuations and positions. <\/font><\/div>\n

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The list does however see two new entries, with a combined value of \u00a332 million. Danesh and Sanjay Gadhia show that there is definite strength in siblings working together as they enter the list at number 38, with Morningside Healthcare, their successful Leicester based pharmaceutical wholesaler and retail chain valued at \u00a320million. The second new entry is Dr Manjit Pawar, director of Absolute Care Homes which provides dementia care and nursing services to clients in the north of England. <\/font><\/div>\n

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With the entry point for this year\u2019s list being set at \u00a312 million, one would expect many of the business owners to be first generation immigrants that have worked hard to build their fortunes \u2013 however interestingly, the list shows that the \u2018young guns\u2019 are making their mark in the Midlands, with two of the millionaires being under 40 and 16 being aged between 40 and 50. The Midlands millionaires are in fact significantly younger (54.4 cf 60) than those featured in the national Asian rich list, with the youngest entrepreneur on the list this year being Kavi Jundu, with his West Bromwich based cardboard box manufacturing company <\/font><\/div>\n

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Diamond Box. At just 35 and with a net worth of \u00a312 million, he has successfully tapped into the growing demand for premium packaging both on the high street and online. <\/font><\/div>\n

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Shailesh Solanki, executive editor of AMG and one of a panel of four experts who has examined British Asian wealth over the last year for the Asian Rich List, said: “The list shows the remarkable resilience and diversity of Asian businesses in the UK. \u00a0Despite the challenges of the general economy many business leaders in the community have seen opportunity and potential and moved quickly to capitalise. It is an inspiring picture and one that should energise entrepreneurs everywhere.<\/em><\/font><\/div>\n

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It was this entrepreneurial spirit that was also recognised and celebrated at the Asian Business Awards ceremony which also took place on the night, with Awards being presented to:<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Asian Business of the Year<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Manufacturing Award<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Entrepreneur Award<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Fast Growth Business Award<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>International Business Award<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Restaurant Award<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Healthcare Business Award<\/font><\/div>\n

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Kalpesh Solanki,Group Managing Editor of AMGadded: \u201cThe enterprising spirit and the crucial role of entrepreneurs is vital not only to the economy but to society as a whole as it serves to inspire the next generation of businessmen and women.\u00a0 It is this attitude that will drive the economy forward, fundamentally creating jobs and giving families value and sense of purpose.\u201c<\/em><\/font><\/div>\n

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The Asian Rich List, Midlands was released on 15th<\/sup> May 2015 and is the definitive guide to ultra-high net worth individuals and Asian Business success across the Midlands. <\/font><\/strong>This year\u2019s Top 10 wealthiest Asians across the Midlands region are:<\/strong><\/font><\/span><\/div>\n

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1.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Ranjit & Baljinder Boparan<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Boparan Holdings\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (\u00a31.35bn)<\/font><\/div>\n

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2.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Lord Swraj & Angad Paul<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Caparo Group\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (\u00a3725m)<\/font><\/div>\n

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3.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Anil Aggarwal<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Barker Shoes Ltd\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (\u00a3370m)<\/font><\/div>\n

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4.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Abdul Rashid and Aziz Tayub<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Crown Crest Group\u00a0\u00a0\u00a0\u00a0 (\u00a3200m)<\/font><\/div>\n

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5.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Shiraz Tejani<\/strong> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 LPC\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (\u00a3150m)<\/font><\/div>\n

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6.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Tony Deep Wouhra<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 East End Foods (\u00a385m)<\/font><\/div>\n

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7.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Anup, Nitin & Pankaj Sodha<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Lexon (UK) Ltd\u00a0 (\u00a382m)<\/font><\/div>\n

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8.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Paul Bassi<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Bond Wolfe\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (\u00a380m)<\/strong><\/font><\/div>\n

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9.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Abdul Ali Mahomed\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>Euro Packaging\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (\u00a375m)<\/font><\/div>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9.\u00a0\u00a0 Palminder & Enrez Singh<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 SEP Properties\u00a0 (\u00a375m)<\/font><\/div>\n

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\u00a0<\/font><\/strong><\/div>\n

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The winners of this year\u2019s Asian Business Awards Midlands are:<\/font><\/strong><\/div>\n

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Asian Business of the Year<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Hasmukh, Kamlesh & Sailesh Thakrar, HKS Retail<\/font><\/div>\n

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\u00a0<\/font><\/div>\n

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Manufacturing Award sponsored by Close Brothers<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Bill & Jaswinder Panesar, Panesar Foods<\/font><\/div>\n

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\u00a0<\/font><\/div>\n

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Entrepreneur Award sponsored by Rybrook Rolls Royce<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Palminder & Engrez Sanghera, SEP Properties<\/font><\/div>\n

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\u00a0<\/font><\/div>\n

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Fast Growth Business Award <\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Dr Nik Kotecha, Chief Executive Officer, Morningside Pharmaceuticals<\/font><\/div>\n

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\u00a0<\/font><\/div>\n

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International Business Award sponsored by Mazars<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Charan Dass Sohal, Orbit International<\/font><\/div>\n

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\u00a0<\/font><\/div>\n

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Restaurant Award sponsored by Stassen Tea<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Jaswinder Singh Choongh, Jimmy Spices<\/font><\/div>\n

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Healthcare Business Award sponsored by Bank of Baroda<\/font><\/div>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Winner: Surjit Singh Rai, Rushcliffe Care Group<\/font><\/div>\n

\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Midlands Millionaires Revealed The ongoing annual battle of the Midlands\u2019 Asian millionaires this year saw Ranjit Boparan of 2 Sisters Food Group maintain his position at the top of the money mountain ahead of Steel tycoon Lord Swraj Paul for the third consecutive year. Ranjit Boparan, of 2 Sisters Food Group, now acknowledged […]<\/p>\n","protected":false},"author":1,"featured_media":11753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-10626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/10626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=10626"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/10626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/11753"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=10626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=10626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=10626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}