Greedo Posted May 23, 2021 Report Share Posted May 23, 2021 Sunday Times rich list out today Steve falls to 124th on the list from 105th last year, but with an increase of £15M up to a total worth of £1.37Bn Billionaires might be society’s moral failing, but they have built us a nice stadium. https://www.thetimes.co.uk/sunday-times-rich-list#TableFullRichList Link to comment Share on other sites More sharing options...
Port Said Red Posted May 23, 2021 Report Share Posted May 23, 2021 Shows what investment in sport gets you, he has only about half the value of Mr Hargreaves now, no wonder he is looking for some co-investors. I might have missed them, but where are people like Bill Gates and Elon Musk or Steve Bezos? I thought they were supposed to be the richest people in the universe. Also no sign of the Al-Qaedi family must surely throw the authenticity here into doubt. Link to comment Share on other sites More sharing options...
CyderInACan Posted May 23, 2021 Report Share Posted May 23, 2021 13 minutes ago, Greedo said: Sunday Times rich list out today Steve falls to 124th on the list from 105th last year, but with an increase of £15M up to a total worth of £1.37Bn Billionaires might be society’s moral failing, but they have built us a nice stadium. https://www.thetimes.co.uk/sunday-times-rich-list#TableFullRichList Poor old Stevie boy eh. Link to comment Share on other sites More sharing options...
TonyTonyTony Posted May 23, 2021 Report Share Posted May 23, 2021 2 minutes ago, Port Said Red said: I might have missed them, but where are people like Bill Gates and Elon Musk or Steve Bezos? I thought they were supposed to be the richest people in the universe. It’s a British list, I.e people based in the UK Link to comment Share on other sites More sharing options...
RoystonFoote'snephew Posted May 23, 2021 Report Share Posted May 23, 2021 Does any of this matter. Why are people so fixated by who the richest are, or who might be the richest man in football. Perhaps the Daily Mirror could draw up a poor list. Link to comment Share on other sites More sharing options...
Greedo Posted May 23, 2021 Author Report Share Posted May 23, 2021 4 minutes ago, RoystonFoote'snephew said: Does any of this matter. Why are people so fixated by who the richest are, or who might be the richest man in football. Perhaps the Daily Mirror could draw up a poor list. Hard disagree. It would be irresponsible to not document who controls the majority of wealth in the UK. Link to comment Share on other sites More sharing options...
TonyTonyTony Posted May 23, 2021 Report Share Posted May 23, 2021 1 minute ago, Greedo said: Hard disagree. It would be irresponsible to not document who controls the majority of wealth in the UK. How many on that list have inherited wealth? Probably the vast majority. Also how much of that wealth is related to land or property ownership? Again probably the majority. I used to have a boss who lauded it about talking about how wealthy he was. Inherited from his Father and he bought several houses in Bath. Not that hard really is it? Big headed **** he was Link to comment Share on other sites More sharing options...
Phileas Fogg Posted May 23, 2021 Report Share Posted May 23, 2021 27 minutes ago, RoystonFoote'snephew said: Does any of this matter. Why are people so fixated by who the richest are, or who might be the richest man in football. Perhaps the Daily Mirror could draw up a poor list. I agree, but it's human nature to have an almost voyeuristic interest in this sort of thing so it'll always be popular. Link to comment Share on other sites More sharing options...
BigTone Posted May 23, 2021 Report Share Posted May 23, 2021 46 minutes ago, RoystonFoote'snephew said: Does any of this matter. Why are people so fixated by who the richest are, or who might be the richest man in football. Perhaps the Daily Mirror could draw up a poor list. I'd be at No 1 Link to comment Share on other sites More sharing options...
robin_unreliant Posted May 23, 2021 Report Share Posted May 23, 2021 I think the interesting thing is that SL is going backwards while the 'elite' on this list have gone up this year collectively by over 20%. Those involved in the financial industry have generally done well as asset values have soared. The fact Steve has been ploughing money into a sports empire that eats it up at a horrendous rate must be making him think hard. No doubt part of the reason he is looking for outside investment. Losing £50m a year while also putting more investment into infrastructure will make a dent in even his wealth that could set alarm bells ringing. Link to comment Share on other sites More sharing options...
Banjo Island Posted May 23, 2021 Report Share Posted May 23, 2021 Wheres wally Link to comment Share on other sites More sharing options...
Bristol Rob Posted May 23, 2021 Report Share Posted May 23, 2021 14 minutes ago, BigTone said: I'd be at No 1 Would that make you least poor, or more poor? Link to comment Share on other sites More sharing options...
pongo88 Posted May 23, 2021 Report Share Posted May 23, 2021 Wealth consists not in having great possessions, but in having few wants. Link to comment Share on other sites More sharing options...
Bristol Rob Posted May 23, 2021 Report Share Posted May 23, 2021 13 minutes ago, robin_unreliant said: I think the interesting thing is that SL is going backwards while the 'elite' on this list have gone up this year collectively by over 20%. Those involved in the financial industry have generally done well as asset values have soared. The fact Steve has been ploughing money into a sports empire that eats it up at a horrendous rate must be making him think hard. No doubt part of the reason he is looking for outside investment. Losing £50m a year while also putting more investment into infrastructure will make a dent in even his wealth that could set alarm bells ringing. Going backwards against a group of super wealthy people. Still made 15mil. Link to comment Share on other sites More sharing options...
Lrrr Posted May 23, 2021 Report Share Posted May 23, 2021 1 hour ago, Port Said Red said: Shows what investment in sport gets you, he has only about half the value of Mr Hargreaves now, no wonder he is looking for some co-investors. I might have missed them, but where are people like Bill Gates and Elon Musk or Steve Bezos? I thought they were supposed to be the richest people in the universe. Also no sign of the Al-Qaedi family must surely throw the authenticity here into doubt. Speaking of Musk, murmurs of a new giga factory for Tesla In Somerset, perhaps he fancies investing in a local football team…. Or a sponsorship attempt from the club Link to comment Share on other sites More sharing options...
Merrick's Marvels Posted May 23, 2021 Report Share Posted May 23, 2021 48 minutes ago, robin_unreliant said: I think the interesting thing is that SL is going backwards while the 'elite' on this list have gone up this year collectively by over 20%. Those involved in the financial industry have generally done well as asset values have soared. The fact Steve has been ploughing money into a sports empire that eats it up at a horrendous rate must be making him think hard. No doubt part of the reason he is looking for outside investment. Losing £50m a year while also putting more investment into infrastructure will make a dent in even his wealth that could set alarm bells ringing. Yes his investment in sport runs at an eye watering loss. But despite that, poor old Steve has still got more money than the least time this list was published 12 months ago - 15 MILLION quid more (if these figures are accurate). In other words, his overall investments are doing very nicely thank you, if not quite so well as 123 other plutocrats. My heart bleeds for him. At which point in such threads, it's always compulsory to point out we are all incredibly grateful for his investment in OUR football club. Because we wouldn't want anyone to think that, by pointing out the facts of the matter - i.e. his writing off loss after loss after loss at City makes no difference to his overall wealth - we are somehow being treacherous ingrates. Would we? Link to comment Share on other sites More sharing options...
1960maaan Posted May 23, 2021 Report Share Posted May 23, 2021 1 hour ago, Greedo said: Sunday Times rich list out today Steve falls to 124th on the list from 105th last year, but with an increase of £15M up to a total worth of £1.37Bn Billionaires might be society’s moral failing, but they have built us a nice stadium. https://www.thetimes.co.uk/sunday-times-rich-list#TableFullRichList That rise of £15M is telling. He's dropped not because he's lost or spent loads, he's dropped because during the pandemic people with money, made more money. In the last year there have been 24 'new' Billionaires created. There are now 171 Billionaires in the UK alone. SL has effectively retired from Hargreaves Lansdown as far as I know , he keeps some shares but is not hands on. Given his interest with the sporting group and building a legacy, I'm amazed he has managed to increase his wealth at all. https://www.theguardian.com/business/2021/may/21/number-of-billionaires-in-uk-reached-new-record-during-covid-pandemic Link to comment Share on other sites More sharing options...
robin_unreliant Posted May 23, 2021 Report Share Posted May 23, 2021 £15m more than last year but more than £350m less over 2 years. Stock markets are at record levels. Presumably he hasn't recovered as well as others because he invested in his hobbies instead. You can sneer all you like at his wealth. All I'm saying is a man like Steve will be wincing at that size of a drop over the last 2 years. Try extrapolating that trend...... Link to comment Share on other sites More sharing options...
whooosh Posted May 23, 2021 Report Share Posted May 23, 2021 I was born with nothing and still have most of it left Link to comment Share on other sites More sharing options...
Sir Geoff Posted May 23, 2021 Report Share Posted May 23, 2021 On the finance pages of the same paper there is an interesting article on Hargreaves Lansdown shares. i.e they have nosedived 7% and are still overpriced. Tough(er) times ahead. Link to comment Share on other sites More sharing options...
James54De Posted May 23, 2021 Report Share Posted May 23, 2021 Which is odd. Forbes has him at 2.8 billion USD, his highest ever wealth. Link to comment Share on other sites More sharing options...
chinapig Posted May 23, 2021 Report Share Posted May 23, 2021 5 minutes ago, whooosh said: I was born with nothing and still have most of it left Don't spend it all at once mind! Link to comment Share on other sites More sharing options...
prankerd Posted May 23, 2021 Report Share Posted May 23, 2021 1 hour ago, robin_unreliant said: I think the interesting thing is that SL is going backwards while the 'elite' on this list have gone up this year collectively by over 20%. Those involved in the financial industry have generally done well as asset values have soared. The fact Steve has been ploughing money into a sports empire that eats it up at a horrendous rate must be making him think hard. No doubt part of the reason he is looking for outside investment. Losing £50m a year while also putting more investment into infrastructure will make a dent in even his wealth that could set alarm bells ringing. All changes if city get promoted, city in the premier league is a gold mine for him and the city Link to comment Share on other sites More sharing options...
Merrick's Marvels Posted May 23, 2021 Report Share Posted May 23, 2021 21 minutes ago, robin_unreliant said: £15m more than last year but more than £350m less over 2 years. Stock markets are at record levels. Presumably he hasn't recovered as well as others because he invested in his hobbies instead. You can sneer all you like at his wealth. All I'm saying is a man like Steve will be wincing at that size of a drop over the last 2 years. Try extrapolating that trend...... Yep, my heart bleeds for him. But the facts are the facts - he's a Billionaire and will never want for a single thing for the rest of his life. Good luck to him. Link to comment Share on other sites More sharing options...
Hxj Posted May 23, 2021 Report Share Posted May 23, 2021 Good to see Patrick and family still in at number 38. Link to comment Share on other sites More sharing options...
Red_Alligator Posted May 23, 2021 Report Share Posted May 23, 2021 1 hour ago, BigTone said: I'd be at No 1 I'm not the poorest Tone, but I'm in the top one. Link to comment Share on other sites More sharing options...
Abraham Romanovich Posted May 23, 2021 Report Share Posted May 23, 2021 15 minutes ago, Hxj said: Good to see Patrick and family still in at number 38. And a bloke who redesigned hoovers* comes in at no4. *Other brands are available Link to comment Share on other sites More sharing options...
cidered abroad Posted May 23, 2021 Report Share Posted May 23, 2021 2 hours ago, Greedo said: Sunday Times rich list out today Steve falls to 124th on the list from 105th last year, but with an increase of £15M up to a total worth of £1.37Bn Billionaires might be society’s moral failing, but they have built us a nice stadium. https://www.thetimes.co.uk/sunday-times-rich-list#TableFullRichList Mrs L is taking a reduction in her dress allowance with great dignity! Link to comment Share on other sites More sharing options...
054123 Posted May 23, 2021 Report Share Posted May 23, 2021 2 hours ago, robin_unreliant said: I think the interesting thing is that SL is going backwards while the 'elite' on this list have gone up this year collectively by over 20%. Those involved in the financial industry have generally done well as asset values have soared. The fact Steve has been ploughing money into a sports empire that eats it up at a horrendous rate must be making him think hard. No doubt part of the reason he is looking for outside investment. Losing £50m a year while also putting more investment into infrastructure will make a dent in even his wealth that could set alarm bells ringing. ‘Must be making him think hard’ ”Jon, I’m concerned that my total wealth will still only look after maybe the next 20 generations of our family, it’s time to start tightening the belt” Link to comment Share on other sites More sharing options...
Johnny Musicworks Posted May 23, 2021 Report Share Posted May 23, 2021 Not necessarily a disaster as Steve ‘cashed in’ first £160m of shares and then £103m of shares in 2020 which could account for that ‘dip’. The Sunday Times Rich List relies largely on share and asset values and not cash in the bank. With share prices tumbling (Steve cashed in when stocks were high) so money in the bank may be safer during turbulent times. Mrs L has probably had a rise in her housekeeping money and Jon may have had a few extra ‘bags’ on his recent Caribbean trip. Link to comment Share on other sites More sharing options...
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