⬅ # 316 David Geffen|# 318 Jiang Rensheng

# 317 David Reuben 

$8.45B

Real Time Net Worth
as of 5/18/2024
-$12.3M (-0.15%)

# 317 David Reuben 

$8.45B

Real Time Net Worth
as of 5/18/2024
-$12.3M (-0.15%)
OccupationCo-owner, Transworld
Source of WealthInvestments, Real Estate
Age85
ResidenceLondon, United Kingdom
Marital StatusMarried
Children1
Age-Adjusted Net Worth$1.56B
David Reuben
David Reuben
United Kingdom
Net worth: $8.45B

Self-Made Score 

Wealth History

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Biography

Early Life and Career Beginnings

David Reuben was born in 1941 in Bombay, British India, to a Baghdadi Jewish family.
After their parents' separation, David and Simon moved to London in the 1950s with their mother.
David started his career trading metals, while Simon began in the carpet business.
The brothers attended state schools and lived in Islington, North London.
Simon eventually bought out England's oldest carpet company, leveraging his early success in the carpet industry.
Their father migrated from Iraq to Bombay to work in the textile industry.

Business Ventures and Expansion

In the early 1990s, they invested in the Russian metals market through their company Trans World.
Their investments in Russia included tolling arrangements and trading aluminum, which led to significant profits.
They settled a legal dispute with Oleg Deripaska and were linked to the Izmaylovskaya mafia by Russia's Interior Minister Anatoly Kulikov in 1997.
By 2000, they sold all their Russian assets and focused on the UK property market, technology investments, and venture capital.
Their UK real estate holdings include prominent properties like Millbank Tower, John Lewis Partnership headquarters, and Carlton House, among others.
The Reuben Brothers invested in various businesses such as Belmond Ltd, Travelodge Hotels, Luup, and Metro Bank.

Philanthropic Initiatives

The Reuben Foundation, their philanthropic vehicle, focuses on healthcare and education advancement.
They founded the Nancy Reuben Primary School in Hendon in honor of their mother.
The foundation donated £80 million to establish Reuben College, Oxford, focused on climate change, artificial intelligence, and cellular life.

Sport Ventures and Controversy

In April 2020, the Reuben Brothers, along with others, agreed to buy Newcastle United Football Club.
They are also involved in Arena Racing Company, which owns and operates 16 racecourses in Great Britain.
David and Simon Reuben faced controversy when London Mayor Ken Livingstone accused them of jeopardizing the Olympic City development in 2006.

Personal Life and Public Perception

Their business operations reportedly utilize offshore tax havens, although they assert compliance with UK tax laws.
The Reuben Brothers are known donors to the Conservative Party.

How long would it take you to become as rich as David Reuben?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach David Reuben's net worth of $8.45B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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David Reuben is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For David Reuben, Investments and Real Estate are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey