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Reuben brothers top list of growing wealth for property tycoons

David and Simon Reuben are now the UK's second wealthiest property-related partnership rising to a joint wealth of £18.6 billion.

Nigel Lewis

Property and business moguls David and Simon Reuben have come second in this year’s Sunday Times Rich List with a combined personal wealth of £18.66 billion, up from fourth place last year.

The siblings arrived in the UK from India during the 1950s and after making several fortunes in steel and other business areas more recently moved into property and now own more than £1 billion of London residential and commercial bricks and mortar.

The Reubens are not the only property-related individuals to have coined it in recently.

Others with growing fortunes include Paul Rooney, whose wealth increased by £6 million last year to £146 million.

Rooney is the owner of South East estate agency chain Arun Estates and made it into the Rich List for the first time in 2015.

Building wealth

Others include the David Wilson family, who own the eponymous house builder. Their wealth increased by £12 million last year placing them at 225 on the list.

Other home building dynasties to have prospered include Berkeley Homes founder Tony Pidgely whose fortune increased by £25 million to £335 million. The McCarthy family who established retirement giant McCarthy & Stone and now run Churchills, saw their wealth increase by £15 million to £650 million.

For other property millionaires and billionaires it has been a less enriching year. Former Foxtons boss Jon Hunt’s wealth has been treading water at £1.4 billion, as has infamous Kent landlord couple Judith and Fergus Wilson whose fortune has remained at £140 million despite recently signing deals to sell off parts of their portfolio.

May 13, 2019

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