3 DAVID SULLIVAN
Property 2018: £1,100m 2017: £1,100m (3rd)
David Sullivan will be praying that West Ham Utd FC can recover from a poor start to the 2018-19 season. After eight games, the Hammers are 15th in the Premiership with just seven points. Chigwell-based Sullivan owns a 51% stake in the club, which now play at the former 2012 London Olympic Stadium. Sullivan made most of his early money from porn, sex shops and erotic films. At one point during the 1970s he was said to be responsible for half of the UK’s adult magazine titles. In more recent years, the Cardiff-born magnate has shown himself to be an artful property investor. We now see nearly £508m of net assets in his three major property companies. Football clubs are notoriously difficult to value, but we still value Sullivan’s stake at around £325m, as the owners turned down an offer of £650m in 2016. Asset sales such as the £50m from Sports Newspapers in 2007, a £100m pension pot and £160m of recent property deals comfortably elevate Sullivan to billionaire status. He once showed off his £7.5m, 14-bedroomed home to Eamonn Holmes and Ruth Langsford for their Channel 5 programme How The Other Half Live. Sullivan’s son Dave Junior last year said that his father had built a fortune of £1.1bn – adding that he wanted to build a £5bn fortune to pass on to his children.