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 Lakshmi Mittal topped the Sunday Times ranking of the 1,000 wealthiest people in the U.K. for a seventh year and Alisher Usmanov leapfrogged Roman Abramovich to No. 2 as the list’s combined wealth rose 18 percent over 12 months, “Bloomberg” writes.

The total number of billionaires rose to 73. Mittal, the Indian-born chief executive officer of Arcelor Mittal, the world’s largest steelmaker, topped the list even after the 60- year-old’s fortune declined 22 percent to 17.5 billion pounds ($29 billion), according to the Rich List, published yesterday. Usmanov, 57, the billionaire shareholder of Russian iron-ore producer Metalloinvest, beat 44-year-old Roman Abramovich to second place after adding 7.7 billion pounds to his net worth.

The cumulative wealth of the U.K.’s 1,000 richest families and individuals rose to 395.76 billion pounds during the year. The total fell short of the record 413 billion pounds reached in 2008, according to the rankings compiled each year by Philip Beresford. The number of billionaires on the list rose 20 to 73, two short of the record of 75 set in 2008.