The Asian economic crisis has taken its toll on some of Britain's richest people, as it has on companies that have in the past profited from the region. According to The Sunday Times Rich List 1998, Sir Adrian and John Swire - whose John Swire and Sons has trading interests throughout the region and an indirect stake in Cathay Pacific through the Swire Group - have seen their ranking slip three places to eighth. In compiling a list of Britain's 1,000 richest people, The Sunday Times said it had reduced its valuation on Sir Adrian and his nephew John by 24 per cent, from GBP1.7 billion (about HK$22.19 billion) to GBP1.3 billion. The survey found the crisis hit Hong Kong prices hard, and the study cut the value of the family's 67 per cent John Swire and Sons stake. Financier George Soros has also suffered under the weight of the regional crisis. The study estimated his total net worth fell 20 per cent to GBP500 million. His ranking has slipped from 22nd place to 29th. The study estimated Mr Soros' flagship Quantum Fund lost GBP1.2 billion just as Mr Soros had made charitable donations of GBP300 million in Russia. It said the turnaround came late in the year, and in July United States business magazine Forbes had valued him at about GBP1.5 billion. Henry and Simon Keswick, the brothers who control the Jardine Matheson empire, have also fallen victim to the crisis, the study said. Their ranking on the rich list has tumbled dramatically from 51st to 94th. The Sunday Times said it had been a hard year for the Keswicks, worth only GBP250 million from GBP300 million last year. The study noted tycoon Li Ka-shing had begun building a stake in Hongkong Land and Jardine Matheson. 'Then came the Asian economic crisis, affecting Jardines' property portfolio. By the end of last year, the near 10 per cent stake held by Henry Keswick and his brother Simon had fallen to about GBP230 million. We add GBP20 million for other assets.' Not everyone with strong business interests in the region has lost out, however. Robin Fleming and his family, who together own 35 per cent of Flemings, the British investment bank which owns half of Jardine Fleming, saw profitability boosted as the bank hedged its exposure in Asia by expanding aggressively in other markets. The family is now worth GBP770 million, 47 per cent up from GBP525 million last year, which has propelled them from 27th to 20th position. Another financier with strong Asian interests who has done well is Jim Mellon, chairman of Hong Kong-based asset manager Regent Pacific, which has now built about US$2.6 billion under management, largely achieved by reducing his exposure to Asia early. Mr Mellon is now worth GBP65 million, up 86 per cent from last year's GBP35 million, and is ranked Britain's 340th richest person, up from 537th. Mr Mellon's Regent Pacific stake is worth GBP25 million. Private investments took him to GBP65 million. Gulu Lalvani, the founder of Hong Kong-based Binatone International, the large consumer electronics group, has also done well, making his debut in the list. He was estimated conservatively at GBP60 million - putting him in 357th equal position. The only Chinese person to make the list was Wing Yip and his family, also new entrants, who run a national cash-and-carry business specialising in Chinese food.