The International Marbella Set
Showing posts with label and all they had to do was sit tight. Show all posts
Showing posts with label and all they had to do was sit tight. Show all posts

Monday 22 November 2010


The super-rich just got richer, and all they had to do was sit tight

The Estates Gazette Rich List 2010 indicates that the UK’s 250 richest real-estate investors are worth a combined £3 billion more than they were last year, thanks to a turnaround in commercial property prices.

Nearly £30 billion was wiped off the holdings of the richest 250 investors between 2007 and 2009, when their combined fortunes hit a low of £69 billion. However, according to Estates Gazette, real estate’s richest are now benefiting from the recovery in commercial property values that began in the third quarter of last year.

Julia Cahill, the list’s editor, said: “Property’s elite have been battered by the credit crunch and recession, but the latest list shows the resilience of fortunes built on good-quality assets, which are now recovering their lost value.”

Britain’s oldest landowning families have emerged from the recession the quickest, thanks in part to the resilience of the capital’s property market. The sixth Duke of Westminster remains the UK’s richest landlord, with holdings of £5.8 billion. The value of the assets of his property company Grosvenor Group, which include swaths of Mayfair, Belgravia and Knightsbridge, has risen by £300 million over the past 12 months.

Other important London landowners, including Earl Cadogan and family and Baroness Howard de Walden and family, are among the top ten wealthiest investors and have seen significant rises in the value of their assets. Yet the canny arrivistes of the property world have also fared well. David and Simon Reuben, who first made their fortune in Russia in the 1990s, sit at No 2 in the rich list and increased their net worth by £2.1 billion to £5.4 billion this year.

Another set of brothers, Ian and Richard Livingstone, whose London & Regional owns 60 worldwide hotels and a string of health clubs, including the upmarket David Lloyd Leisure, increased their net worth by £250 million to £1.65 billion.

The richest woman on the list is Baroness Howard de Walden, who comes in at No 9.

Categories

'Cheating' Chilean miner rescued (1) 'Codependency is not about a relationship with an addict (1) 000 inhabitants (1) A Pole Addict's 12 Step Program: Step 12 (1) ADDICTED TO LOVE (1) CONTINUE ENGAGING YOUR PRIMARY MATE (1) Celebs manage a quiet divorce (1) China’s aggressive new regulations aimed at cooling off the nation’s real estate market have led to the first decline in housing prices in 16 months (1) Courtney Cox was cheating (1) Depression (1) Hollywood ex-romance: Shia LaBeouf and Carey Mulligan confirm their Split (1) INVEST IN A “PAY-AS-YOU-GO” PHONE (1) Jerry Hall former model and wife of Rolling Stones singer Mick Jagger (1) Joaquin Villanova (1) Juhu-based actress has lodged a case against her husband and his two brother-in-laws from his first marriage for cheating and threatening her. (1) Successful businesses must focus on relationship building (1) That was the best sex ever (1) Tiger Woods Tiger hole number 3 (1) What is Compulsive Sexual Behavior (1) as ‘outrageous’ for a municipality of 30 (1) but she didn't give up looking for me at just one strip club. (1) control battles take place (1) denounced the salary of the Mayor (1) has revealed her ex-husband’s addiction for poker and women. (1) husband was having sex with someone else (1) it is the absence of relationship with self (1) mood swings and irritability - these symptoms are more visible in men when they break up with their girlfriends. (1) signs of a cheating wife you can't ignore (1) “It was like she was stalking me. “She definitely knew who I was and wanted to meet me and talk things over (1)

Unordered List

Disclaimer

Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.

Blog Archive

Pageviews from the past week

Subscribe via email

Enter your email address:

Delivered by FeedBurner

Members

Powered by Blogger.

Translate

LinkWithin

Related Posts Plugin for WordPress, Blogger...

Popular Posts

THE INTERNATIONAL MARBELLA SET

THE INTERNATIONAL MARBELLA SET

Popular Posts