Leading Asian businessmen – brothers Simon, Bobby and Robin Arora – and Ranjit Boparan and his wife Baljinder are ranked the UK’s 50 biggest taxpayers, according to latest The Sunday Times (31) Tx List 2021.
Ranked at 22, Arora brothers are the biggest shareholders of budget retailer B&M, and according to The Sunday Times, their tax liability was £37 million, with the family wealth estimated to be £2,111m in 2020. Meanwhile, ranked at 21, Ranjit and Baljinder Boparan of Boparan Holdings were ranked 21 in the list. The couple paid £37m in tax and their wealth was estimated to be £593m last year.
Simon Arora and his family were scheduled to receive a bonus as B&M Bargains announced a special dividend of 20p per share to shareholders after bumper sales. Arora bought B&M – then a small, loss-making chain of stores – in 2005 with his brother Bobby. They were featured alongside musician Ed Sheeran, author JK Rowling and Sir James Dyson to name a few.
