Prop­erty wealth rises

The Jewish Chronicle - - NEWS - BY CANDICE KRIEGER

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

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