SP Hinduja: Billionaire head of Britain’s richest household dies

The head of Britain’s richest household has died on the age of 87.

Billionaire businessman Srichand Hinduja “passed away peacefully” on Wednesday, a household spokesman mentioned.

Mr Hinduja, who was generally known as SP, was described by the spokesman as a “visionary titan of industry and business”.

His household – mentioned to be price greater than £28bn – topped the Sunday Times Rich List in 2022.

Their enterprise, the Hinduja Group conglomerate, was based greater than a century in the past in India.

It was run out of Iran for many years earlier than the revolution within the Nineteen Seventies compelled it to maneuver to the UK.

The firm, which now spans a lot of the world, offers with all the things from banking and oil to automotive teams, healthcare and cybersecurity.

Mr Hinduja was catapulted into the highlight through the early days of Tony Blair’s premiership when Labour MPs had been accused of lobbying to assist him get British citizenship.

It led to the resignation of Peter Mandelson, who on the time was serving as Northern Ireland secretary.

Family dispute

In November 2022, the enterprise tycoon hit headlines after he grew to become the centrepiece of a feud between family after being recognized with dementia.

The case was introduced within the Court of Protection, the place judges think about points about individuals who lack the psychological capability to make selections.

During the listening to, a decide mentioned that at one stage throughout proceedings, he had thought of inserting Mr Hinduja in a public nursing residence.

Mr Justice Hayden concluded that Mr Hinduja ought to go away hospital, however mentioned family had not discovered non-public lodging regardless of the “extraordinary scope and reach of their financial capacity”.

Following his loss of life, a household assertion mentioned: “SP journeyed through life with deep humility and dignity, always seeking to bring people together in a common interest.

“Amongst different issues, SP can be remembered for his nice contributions in bringing India and its tradition to the worldwide stage by means of his work and philanthropic efforts.

“SP passed away peacefully this morning, looked after by members of his family and we are at peace knowing that he will be reunited with his beloved wife and son in the afterlife.”