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Grizzly Bulls’ Billionaires Index

⬅ # 231 Carl Cook|# 233 James Goodnight ➡

# 232 Simon Reuben 

$9.78B

Real Time Net Worth
as of 7/25/2024
$154 (0.00%)

# 232 Simon Reuben 

$9.78B

Real Time Net Worth
as of 7/25/2024
$154 (0.00%)
OccupationCo-owner, Transworld
Source of WealthReal Estate, Investments
Age83
ResidenceMonaco, Monaco
Marital StatusMarried
Children1
EducationDrop Out, Sir John Cass College, London
Age-Adjusted Net Worth$2.06B
Simon Reuben
Simon Reuben
United Kingdom
Net worth: $9.78B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Simon Reuben was born in Bombay, British India, in 1944, to David Sassoon Reuben and Nancy Reuben, both of Baghdadi Jewish descent.
After his parents' separation, Simon and his brother David moved to London in the 1950s with their mother, where they attended state schools and lived in Islington, North London.
Simon did not complete his formal education.

Career Beginnings

Simon initially started his career in the carpet business, while David joined a scrap metals business.
He later bought England's oldest carpet company out of receivership, generating profits to invest in real estate, with early ventures on Walton Street and King's Road in Chelsea.

Metals Trading and Investments

In the early 1990s, Simon and David expanded into the Russian metals market through their company Trans World.
They engaged in tolling arrangements with Russian aluminum smelters, buying raw materials and selling finished aluminum for profit.
Their investment in Russia amounted to $1.5 billion, with global sales exceeding $8 billion in 1995.
The Reuben brothers were associated with members of Russia's new oligarchy, including Roman Abramovich.
They settled a legal dispute with Oleg Deripaska through a multimillion-pound settlement.
The brothers exited the Russian market by 2000, shifting their focus to the UK property market.

Business Ventures and Investments

The Reuben Brothers' business activities primarily revolve around real estate, venture capital, and private equity.
They own a substantial portfolio of UK properties, including Millbank Tower, John Lewis Partnership headquarters, and London Primark store on Oxford Street.
Other investments include Merchant Square development, Park Plaza Hotels & Resorts, and various technology companies.
They invested in luxury leisure group Belmond Ltd in 2007, later selling their share in 2019 for £233 million.
The brothers also have holdings in Travelodge Hotels, D2 Jeans, Blue Inc clothing retailers, Luup, Metro Bank, and The Wellington Pub Company, among others.

Philanthropy and Personal Life

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 support the creation of Reuben College, Oxford, focusing on climate change, artificial intelligence, and cellular life.
Their businesses have been reported to use offshore tax havens, although they maintain compliance with UK tax laws.
Both brothers are donors to the Conservative Party.

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

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Simon Reuben's net worth of $9.78B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Simon 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 Simon Reuben, Real Estate and Investments 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