Asian Entrepreneurs Strike It Rich In The Food & Drink Industry

Asian entrepreneurs in the food and drink industry have a collective fortune of £828m, an increase of £118m from the previous year, according to this year's Success Magazine. The publication which was launched at the 11th Eastern Eye Asian Business Awards on Tuesday 8th May 2007, in the presence of HRH The Duke of York, the UK's Special Representative for International Trade and Investment.

The high profile business publication highlights Asian success stories with in-depth editorial on Asian entrepreneurs as well providing an up-to-date audit of the richest Asians in the UK and India. In addition to the food and drink list, the publication will also profile the ten most powerful Asian females and the most powerful Asians across the respective fields of law, media, sport, politics and property.

Featured again in this year's list is Sir Mohammed Anwar Pervez OBE, who has sustained his position as the "Cash and Carry" king with Bestway. Pakistan-born Pervez came to the UK in the 1950s and began his career as a bus conductor in Bradford. He began his career in food business in 1963 when he opened a mini supermarket in Earls Court and ventured into the cash and carry business in 1976, making Bestway a 50-warehouse operation in Britain, with a combined sales area of over 5 million square feet. The empire now employs over 4,500 people nationwide in a network of cash-and-carry stores and Sir Anwar is one of the UK's best-known Asian entrepreneurs.

Also included in the food list is the 20th richest Asian in the UK, Iqbal Ahmed and family with an estimated worth of £90m. Iqbal and family are the owners of Manchester-based Seamark Group, one of Europe's leading processors and packers of seafood, famous for its Mr Prawn brand, Europe's top-selling cooked shrimp. The businesses, property and other interests take the family to an estimated £90 million of wealth. Additional movers and shakers in the sector include Karan Bilimoria, founder of Cobra Beer, worth £50m, Kirit and Meena Pathak of food brand Pathak's, worth £85m and founder of VeeTee rice Moni Varma, worth £45m.