Published:  02:15 AM, 14 May 2019

Bangladeshi millionaire up in UK Rich List

Bangladeshi millionaire up in UK Rich List Iqbal Ahmed, the founder of Seamark which imports, processes and then exports seafood around the world from its base in east Manchester. -Courtesy

Bangladesh-born food processing industry chief Iqbal Ahmed and his family have improved in the rich list released in the UK. Ahmed and his family have secured 563rd position in the list of 2019. With an estimated wealth of £21.30 crore, he has been named in the 'The Sunday Times Rich List' of the UK's 1,000 wealthiest people.

The Hinduja brothers, whose business interests span banking, energy and IT, have knocked chemicals entrepreneur Jim Ratcliffe off his perch at the top of a closely watched list of Britain's 1,000 richest individuals and families.

Ahmed, a member of the new board advising the UK's Department for International Trade led by minister Liam Fox, and his brothers - Bilal and Kamal - have been recognized in the list for creating one of Europe's leading frozen food businesses. Ahmed and his brothers transformed an Oldham grocery store into Seamark, a leading European processor, exporter and distributor of frozen food.

Born in Balaganj, Sylhet district, Ahmed moved to the UK when he was 15 years old and began by importing shrimp and today his diversified group has interests across shipping, hotel and real estate development, hospitality, and food.

The latest roster of Britain's richest people comes as some of the ultra-wealthy move assets out of the UK because of concerns over the prospect of a leftwing Labour government led by Jeremy Corbyn. Labour's 2017 election manifesto said it planned to increase income tax for people earning more than £80,000 a year, and it is also eyeing other moves that could affect the rich, including a wealth levy to pay for social care.

Corbyn said: "The Sunday Times rich list is a stark reminder of the grotesque inequality that scars our society. Year on year, we see the rich getting richer, while pay for the majority hasn't risen in a decade and household debt rises."He added Labour would "reprogramme" the UK economy, so that it stopped supporting a "tiny few at the top".


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