The total wealth of the 250 wealthiest property investors in
Britain is £218.3bn – that’s more than Facebook’s market capital, the
value of mobile commerce by 2019 and the total amount Britain’s biggest
businesses will invest in the UK by 2016.
According to Estates Gazette’s
Property Rich List, the richest property tycoons saw a 35% increase on the
total wealth in 2013.
1. Amancio Ortega
Fortune: £35.8bn
Property investments in London: Ortega boasts a £4bn global
property empire including a £660m chunk of London real estate. He also owns
Devonshire House opposite the Ritz Hotel in Piccadilly - the former residence
of the Dukes of Devonshire in the 18th and 19th centuries.
2. Joseph Safra
Fortune: £9.39bn
Property investments in London: Brazilian billionaire Joesph
Safra bought the Gherkin last month for a cool £726m. His company also owns
buildings in New Bond Street. According to the BBC, the group manages assets
worth more than $200bn.
3. Ernesto & Kirsty Bertarelli & family
Fortune: £9.37bn
Property investments in London: Owners of Cross Tree Real
Estate, the Bertarellis’ property portfolio includes three London sites worth
£220m - this includes 1-3 Berkeley Street worth £150m and the £83.5m property
at 48 Dover Street.
4. Henry Cheng Kar-Shun
& family
Fortune: £9.3bn
Property investments in London: This Hong Kong family heads
the Knight Dragon/New World Development which recently put up for sale the first
200 residential units at its Greenwich Peninsula scheme at prices starting from
£250,000. This was part of the 10,000 units they expect to sell in the next few
years.
5. David & Simon Reuben
Fortune: £9bn
Property investments in London: The Reuben brothers are
best-known for their plans to turn the derelict In & Out Club at Piccadilly
into Britain’s most expensive home. They also own London Oxford airport and
have permission for a 350-room development in Hoxton.
6. Wang Jianlin, owner Dalian Wanda
Fortune: £8.7bn
Property investments in London: Jianlin’s Dalian Wanda is
behind the One Nine Elms scheme in Vauxhall. The scheme will boast two
skyscrapers with 45 and 60 storeys. Back in 2012, he also bought the Sunseeker
luxury yacht business in Poole for £320m.
7. The Duke of Westminster
Fortune: £8.4bn
Property investments in London: The Duke of Westminster’s
Grosvenor Estate sold off £240m of prime central London properties in April.
According to EG, Grosvenor Estates holds 300 acres of Belgravia, Mayfair and
Oxford Street.
8. Ananda Krishnan
Fortune: £5.4bn
Property investments in London: Malaysian oil magnate
Krishnan invested £102m in the ExCel London exhibition centre in 2008. He also
bought the 5.5-acre St John’s Wood barracks for $390m and plans to make luxury
flats there.
9. Nathan Kirsh
Fortune: £5bn
Property investments in London: South African tycoon Kirsh
owns a £850m property empire including Tower 42, the former NatWest tower,
which he snapped up for for £282.5m. He also owns the Abacus Property Group.
10. Earl Cadogan & family
Fortune: £4.2bn
Property investments in London: The Cadogan Group has assets
worth over £3.9bn under its belt – this includes 93 acres in Chelsea. Back in
July, the group paid £47m for the Thurloe & Gunter estates in South
Kensington and Earls Court.
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