# Eastern Eye publishes British Asian Rich List 2006

- Link: https://fundraising.co.uk/2006/04/23/eastern-eye-publishes-british-asian-rich-list-2006/
- Published: 2006-04-23T23:00:00+01:00
- Author: Howard Lake

![](https://www.fundraising.co.uk/files/images/news/4189.jpg)

The Jatania family remain at the top of Eastern Eye’s British Asian Rich List in
2006.

Headed by Mike Jatania and supported by his three brothers, George, Vin and Danny,
their beauty products company Lornamead marked a £50 million increase in the family’s
fortune, now estimated at £650 million.

One of the company’s highlights of the past 12 months was buying the famous British
brand Yardley.

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Chief Executive Mike Jatania, 40, was delighted to top the list again and praised
his company. He told Eastern Eye: “Lornamead remains committed to building a significant
personal care business through key strategic acquisitions of new brands and investing
in existing brands. A major acquisition is about to be announced next week.”

The list of Britain’s 20 wealthiest Asians featured in Eastern Eye’s annual Success
magazine highlights some of the year’s biggest success stories. While pharmaceutical
giants Vijay and Bhikhu Patel retain their second place in the list with assets 
worth £455 million, steel magnate Lord Swraj Paul has jumped three places to third
position with his family fortune estimated at £450 million.

The chief of telecom group Binatone, Gulu Lalvani, and hotelier Jasminder Singh 
both slipped one spot each to come in fourth with £400 million and fifth with £350
million respectively.

Steel tycoon Lakshmi Mittal heads the list of India’s richest businessmen with a
whopping £13.5 billion.

Dr Spinder Dhaliwal, associate editor of Success, said: “At the end of another exciting
year for Asian businesses in the UK, Mike Jatania has maintained his position at
the top of the league despite ever more intense competition from other seasoned 
players like Lord Paul and Ramesh Sachdev.

The strategy of the Jatania’s Lornamead Group has been the acquisition of the quintessential
British company, Yardley. Perhaps this represents further movement towards the integration
of British and Asian businesses.”

The magazine was launched at a glittering Asian Business Awards ceremony in central
London on Wednesday (19).

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