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Friday, December 11, 2009

QPR's Lakshmi Mittal Again Ranked The Wealthiest Man in British Football...The 8th Richest: QPR's Bernice Ecclestone


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Four Four Two List: The FourFourTwo.com Football Rich List - the wealthiest people in British soccer Rich List 2009/10: The full 100

1. Lakshmi Mittal £18.4bn

QPR Age 59 (Last year £12.5bn, 2nd)
With former F1 racing tycoon Flavio Briatore in disgrace, Lakshmi Mittal could buy out the Italian's 54% stake in QPR. He's already an investor in the club, having spent £200,000 on a 20% stake in December 2007, and his son-in-law Amit Bhatia sits on the Loftus Road board as vice chairman.
Born in India but resident in London, Mittal is the world's biggest steel maker through his family company Arcelor-Mittal. As with many moguls he was hit hard by the stock market turmoil in late 2008 but shares have recovered in recent weeks and the family stake is now worth £15.4 billion. You can add another £3 billion for past dividends and property: in 2004 alone, Arcelor-Mittal paid out £1.38 billion to the Mittals.
A separate investment portfolio is now worth around £570m. Mittal has a £9m pile in London's exclusive Bishop's Avenue, and set a world record for a private home when he paid a reputed £70m to Formula 1 supremo Bernie Ecclestone for a house in Kensington Palace Gardens. In June 2004 he also splashed out £30m for his daughter's wedding. In all we reckon that the Mittal family is now worth perhaps £18.44 billion, plenty enough to help QPR to glory.

#8. Bernie Ecclestone £1.466bn

QPR Age 78, last year £2.4bn (5th)
Newly single Bernie Ecclestone will now have more time for football. In March, the part-owner of QPR concluded an amicable divorce from his Croatian-born wife Slavica. Amicable, but expensive.
Bernie's big problem will be trying to preserve his wealth as much of the £2.4 billion fortune he built up as the supremo in the hugely profitable F1 motorsports operation was held in offshore trusts in Slavica's name. But the actual divorce went through without any fuss and it is reckoned the settlement will proceed smoothly. Though Slavica could in effect force Bernie to beg for his money, it is likely that he will keep perhaps two-thirds of the wealth that he built up and settle a third on her.
He has some choice assets to enjoy including a new £75m 85-metre yacht being built in Turkey, a £12m Falcon jet and his own hotel and chalet in Gstaad. In all before the divorce, the Ecclestones were worth around £2.2 billion; ascribing two-thirds to Bernie makes him worth £1.466 billion.


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