Rich list 2016: fortunes drop for several British-based art collectors

Britain’s super-rich have seen a drop in fortunes over the past year, according to the Sunday Times Rich List, which was published yesterday (24 April). Among them were the steel magnate and art collector Lakshmi Mittal, who is reported to have lost three quarters of his wealth and is now worth £7.12bn. The decline in fortune for Mittal, as well as several other major collectors, coincides with a global slowdown in the art market. Mittal donated £19.2m to Anish Kapoor's steel