Tuesday, May 01, 2007

The Wealth Report - WSJ.com : Britain's Foreign Rich

The Wealth Report - WSJ.com : Britain's Foreign Rich: "Two months ago, I did some reporting on the wealth boom in Britain for the U.K. version of Richistan. (The difference between the two covers amuses me — look here for the U.S. version and here for the U.K. version. No, I didn’t get to sail on the yacht.)

British flagWhat I found most interesting about the U.K. wealth boom was it’s “foreign-ness.” While the newly minted millionaires and billionaires in the U.S. are largely homegrown — meaning most made their fortunes in the U.S. — many of the big rich in Britain are from other countries and made their money elsewhere. They are Russian oligarchs, Indian industrialists and Saudi sheikhs."

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