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May 19, 2014
One in Six of the UK’s Super Rich Make Wealth in Property
The Sunday Time’s Rich List, published in full yesterday revealed that One in Six of the UK’s top 1000 richest Britons have accumulated their wealth through property investment as a major source of wealth.
Two names make the list of top ten richest Britons: David and Simon Reuben at number 7 with an estimated combined wealth of £9 billion and The Duke of Westminster who at number 10 has an estimated wealth of £8.5 billion.
Carlton House owned by David and Simon Reuben
The combined wealth of the top ten richest with property as a main business interest is over £45billion and there are 23 property billionaires on the list.
The list of the top ten richest with interests in property includes four brothers and five families.
Find out more about the top ten richest, as listed in the Rich List, below:
|Sunday Times Rich List Rank
|Name||Worth||Notable Property Assets and Interests|
|7||David and Simon Reuben||£9bn||In & Club Piccadilly SW1, Millbank Tower SW1, Carlton House SW1, Merchant Square W2,|
|10||The Duke of Westminster||£8.5bn||Owner of the Grosvenor Estate with principal holdings in Mayfair and Belgravia.|
|16||Sir David and Sir Frederick Barclay||£6bn||The Ritz hotel and a major holding in The Maybourne Group which owns Claridges, The Connaught and Berkeley Hotel|
|19||Earl Cadogan and family||£4.2bn||Owner of the Cadogan Estate with principal holdings in Chelsea and Knightsbridge|
|20||Joseph Lau and family||£4.030bn||Major holding in Hong Kong listed Chinese Estate Holdings Limited Eaton Square home|
29.9% stake in Minerva plc the developer.
|34||Eddie and Sol Zakay||£2.75bn||Owners of the Topland Group includes Menzies hotel chain|
|35||Ian and Richard Livingstone||£2.6bn||London Hilton Park Lane, Empire Leicester Square, 55 Baker Street|
|36||Baroness Howard de Walden and family||£2.58bn||Owners of the Howard De Walden Estate with main holdings in Marylebone|
|37||Sir Henry Keswick and family||£2.445bn||Mandarin Oriental Hotels through Hong Kong listed Jardine Matheson|