⬅ # 427 Eric Douglas|# 429 Edward Roski Jr

# 428 Joe Lewis 

$6.67B

Real Time Net Worth
as of 6/12/2024
-$2.1M (-0.03%)

# 428 Joe Lewis 

$6.67B

Real Time Net Worth
as of 6/12/2024
-$2.1M (-0.03%)
OccupationFounder, Tavistock Group
Source of WealthInvestments
Age87
ResidenceAlbany, Bahamas
Marital StatusMarried
Children2
Age-Adjusted Net Worth$1.07B
Joe Lewis
Joe Lewis
United Kingdom
Net worth: $6.67B

Self-Made Score 

Wealth History

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Biography

Early Life

Joseph C. Lewis was born on February 5, 1937, in London, above a pub in Roman Road, Bow.
He left school at 15 to assist in running his father's West End catering business, Tavistock Banqueting.
Lewis expanded the family business by selling luxury goods to American tourists.
In 1979, he sold the family business, marking his initial wealth.
Lewis ventured into currency trading in the 1980s and 1990s, eventually becoming a tax exile in the Bahamas.
His early business ventures included owning the West End club, the Hanover Grand.

Business Ventures

Lewis is the main investor in the Tavistock Group, which holds over 200 companies in 15 countries.
Through Tavistock, he owns Premier League soccer team Tottenham and has a stake in Mitchells & Butlers.
Lewis developed Albany, a luxury golf community in the Bahamas, which opened in October 2010.
He seeded Lake Nona Medical City near Orlando's international airport with $100 million.
Lewis made significant property investments, including a £70 million investment in Bulgarian property development.
He hosted the Tavistock Cup tournament from 2004 to 2013, raising millions for charity.

Controversies

Lewis faces insider trading charges, having pled guilty in January 2024 for sharing non-public information.
He is free on a $300 million bond secured by his yacht and private aircraft.
Lewis's property acquisitions in Argentina have sparked controversies over public access and development plans.
His stake in Bear Stearns resulted in an estimated loss of $1.16 billion after its purchase by JP Morgan.
He has faced criticism for involvement in property disputes in Argentina, leading to protests.
Lewis was involved in a legal dispute over access to Escondido Lake in Argentina.

Personal Life

Lewis has been married twice and has two children, Vivienne Lewis Silverton and Charles Lewis.
Vivienne Lewis Silverton serves on Tavistock's board of directors.
His current wife is Jane Lewis.
Lewis owns the superyacht Aviva, which he used as collateral for his bond in the insider trading case.
His art collection, estimated at $1 billion, includes works by Picasso, Matisse, Lucian Freud, and Francis Bacon.
He sold David Hockney's Portrait of an Artist (Pool with Two Figures) for $90.3 million in November 2018.

How long would it take you to become as rich as Joe Lewis?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Joe Lewis's net worth of $6.67B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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Joe Lewis 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 Joe Lewis, Investments is the primary source. 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