Blavatnik, who has been a US citizen for more than 30 years, knocked Indian-born brothers Sri and Gopi Hinduja, who run the multinational conglomerate of the same name, off the top spot.
European shares reversed early losses and closed up yesterday, with persistent concerns about Greece's debt situation offset by optimism that a reshuffled Greek negotiating team would brighten the outlook.
Britain's biggest banks face another �19billion of fines and charges over the next two years to pay for their financial scandals, experts predicted yesterday.
SYDNEY (Reuters) - The euro hovered just under a three-week peak early on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding.
Diageo, the owner of the Johnnie Walker and Smirnoff brands, is facing a bitter legal battle with Vijay Mallya,the Indian businessman and Kingfisher Airlines founder.