Business

Mohsin and Zuber Issa Experience Shift in Net Worth on Sunday Times Rich List

The billionaire brothers, Mohsin and Zuber Issa, known for their ownership of Asda and EG Group, have experienced a shift in their net worth according to the latest Sunday Times Rich List. Despite a slight decline in their ranking, the Issa brothers still maintain a prominent position at number 39 on the list of the UK’s wealthiest individuals.

Each year, the Sunday Times compiles the Rich List, which recently reported a decrease in the number of UK billionaires from 177 in 2022 to 165 in the current year. This change reflects the dynamic nature of wealth accumulation and distribution among the country’s elite.

Recent rumors suggested a potential discord between the Issa brothers, particularly regarding Zuber’s alleged intention to sell his stake in Asda. Mohsin’s personal life also made headlines earlier this year when he disclosed his separation from his wife of three decades and his new relationship with Victoria Price, a former executive at Asda’s previous auditing firm, EY.

Furthermore, the brothers faced scrutiny for their extensive use of private jets, with reports indicating multiple trips to the Caribbean financed through loans from their business entities. The revelation that their jets, including a Bombardier Global 6000 and Bombardier Challenger 350, made close to 1,000 flights between London and the Caribbean between December 2020 and July 2023 raised questions about their transportation practices.

Despite these controversies, Mohsin and Zuber Issa continue to navigate the complexities of their business ventures, including their petrol station empire, which has come under increased public and media scrutiny. As their financial standing evolves, the Issa brothers remain central figures in the UK’s economic landscape, showcasing the ever-changing nature of wealth and influence in the modern world.

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