Top 1000 UK and Ireland Rich Property Owners

The list of top 1000 UK rich land and property owners proves that the previous year was not just hard but horrible for them. The recession eats up to £155bn of their fortunes. The economic environment was so undesirable last year that preservation of one’s wealth has become a truly complicated matter. The success of top 1000 wealthiest people is determined by their losses. The less you loose the richer you become. The top 5 wealthiest people are enumerated below: The Duke of Westminster. The property-based fortune of the Duke of Westminster is at the top of this list and estimates £6.5bn. The economic crises did not influence his property company as bad as it did influence other companies and a net asset value decline amounted to £300m from £3.1bn. Last May the company established Liverpool One, which costs a company a penny of nearly £190m. In total loss of the Duke comes to £500m. Sir Philip and Lady Green. Unlike many retailers who wait for recovery, Sir Philip spread his Topshop chain to the United States of America. Moreover last month he opened a store in Manhattan. His BHS stores are merged with Arcadia, the company which owns Burton, Dorothy Perkins, Miss Selfridge, Wallis, Topshop and Topman. That became a good tactic measure, because Arcadia’s parent company saw a slight decrease in profits in the last financial year of £11m from £199m. All together the Greens’ wealth has reduced on £500m from £4.33bn to £3.83bn. Sammy and Eyal Ofer were not so lucky in their losses last year as the Duke of Westminster and the total downfall  makes around 20% of the family fortune. To concrete, 20% means £659m.  Sammy is well known as a shipping tycoon of 87 years old and his brother Eyal is property dealer who at the end of 2007 absorbed tobacco firm with headquarters at 120 Park Avenue for $525m.no wonder that the losses are immense. Joe Lewis. Entrepreneur Joe Lewis possessing land and property in the Bahamas and Florida gave out £17.3m this year buying Bulgarian Property Developments. However, he suffered from the collapse of Bear Stearns, where he lost $735m. His total losses amount to £300m over the last year. Still he is at the list of top 1,000 wealthiest people in the UK and Ireland. David and Simon Reuben still managed to rise one place in the Rich List, in spite of a drop of 42% of their fortune. In 2008 the wealth of the family was estimated to be £4.3bn compared to £2.5bn now. The loss is determined by the downfall of their main property firm Aldersgate Investments last year and Their European Land & Property.