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Grizzly Bulls’ Billionaires Index

⬅ # 763 James Cargill II|# 765 Ian Livingstone ➡

# 764 Richard Livingstone 

$4.44B

Real Time Net Worth
as of 11/18/2024
-$1.6M (-0.04%)

# 764 Richard Livingstone 

$4.44B

Real Time Net Worth
as of 11/18/2024
-$1.6M (-0.04%)
OccupationCofounder, London & Regional Properties
Source of WealthReal Estate
Age59
ResidenceLondon, United Kingdom
Age-Adjusted Net Worth$4.75B
Richard Livingstone
Richard Livingstone
United Kingdom
Net worth: $4.44B

Self-Made Score 

TAG Heuer Formula 1 Automatic Chronograph

Biography

Overview

Richard John Livingstone, born in November 1964, is a British billionaire property developer.
He co-owns London & Regional Properties with his brother Ian, venturing into real estate after selling the David Clulow opticians chain in 2011.
Livingstone is known for his vast property portfolio across London and international projects like Panama Pacifico in partnership with Jaime Gilinski Bacal.

Early Life

Born in November 1964 in the UK, to a dentist father in Ealing, London.
Educated at St Paul's School, a prestigious private institution.

Career

Trained as a chartered surveyor and later ventured into property development.
Acquired the David Clulow opticians chain with his brother in 1992, later sold in 2011.
Received financial backing from Jacob Rothschild's merchant bank Dawnay Day for early developments.
Through London & Regional Properties, owns David Lloyd Leisure, luxury hotels including Cliveden House, and redeveloped properties like 55 Baker Street.

Business Ventures

London & Regional Properties is a private real estate and leisure investment firm founded in 1987 by Richard and Ian Livingstone.
Has investments across the UK, Europe, and the Americas, with an AUM upwards of £9 billion.
Portfolio includes Atlas Hotels, David Lloyd Leisure, London Hilton on Park Lane, and investments in healthcare, real estate, and hospitality sectors.

Projects

Developing Panama Pacifico in Panama City, a $700 million project on the former Howard Air Force Base.
Revitalizing Albert Island in London into a mixed-use development.
Operates hotels in major US cities through London & Regional, including L.A., Las Vegas, and Miami.

Personal Life

Married Claire Burns in 1997, daughter of John Burns, founder of Derwent London property group; now divorced.
Maintains a low profile, avoiding publicity for the sake of their children.
Described as 'arguably the lowest-profile billionaire siblings in London' by the Evening Standard.

Richard Livingstone's Wealth is Equivalent to:

3,421,093 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

840,870 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

45,419 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Richard Livingstone?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Richard Livingstone's net worth of $4.44B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Richard Livingstone 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 Richard Livingstone, Real Estate 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.

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Edited by: Lee Bailey