Property wealth rises
FIVE OF the top 10 places in the latest Estates Gazette property-industry Rich List are filled by Jews worth an estimated £11.5 billion between them.
The Reuben brothers, Simon Halabi, Poju Zabludowicz, Ian and Richard Livingstone, and Bernard Lewis and family feature in the top 10.
Dozens of other Jewish players also make the list, including Eddie and Sol Zakay and Nick Leslau.
The youngest inclusion is Leedsbased Simon Morris, 30, who has amassed a portfolio worth some £70 million, having set up his Morris Properties company 11 years ago. A f o r mer L e e ds United director, he recently made an unsuccessful bid to buy the football club.
“We were founded on a culture of entrepreneurialism and sheer hard work,” Mr Morris told the JC. “We have very ambitious objectives but the signs are looking good.”
List compiler Philip Beresford saw Mr Morris as an example of the increasing number of self-made entrepreneurs making the list. “Jewish people have always been drawn to property,” he said. “This is a combination of their willingness to take risks and drive to succeed.”
Also included is David Pearl, listed as worth £269m. Mr Pearl, who left school at 15, runs Structadene, which controls more than 1,000 properties across the UK. “It has been the best year so far,” he said. “We have been very active and the results prove this.”
High-flying property entrepreneur Sol Zakay, with his brother at number 11