Joe Lewis (businessman): Difference between revisions
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Lewis' total wealth is estimated at $3.2 billion, and he is listed as the 347th richest person of ''[[Forbes]]''’ List of billionaires (2011). <ref>[http://www.forbes.com/profile/joe-lewis Joe Lewis - Forbes], Forbes.com. Retrieved May 2011.</ref> ''[[The Sunday Times]]''’ [[Sunday Times Rich List|Rich List]] [[Sunday Times Rich List 2011|2011]] reports Lewis is the 22nd wealthiest person in Britain, worth £2.8 billion.<ref>http://money.uk.msn.com/news/rich-lists/photos.aspx?cp-documentid=157329311&page=4</ref> |
Lewis' total wealth is estimated at $3.2 billion, and he is listed as the 347th richest person of ''[[Forbes]]''’ List of billionaires (2011). <ref>[http://www.forbes.com/profile/joe-lewis Joe Lewis - Forbes], Forbes.com. Retrieved May 2011.</ref> ''[[The Sunday Times]]''’ [[Sunday Times Rich List|Rich List]] [[Sunday Times Rich List 2011|2011]] reports Lewis is the 22nd wealthiest person in Britain, worth £2.8 billion.<ref>http://money.uk.msn.com/news/rich-lists/photos.aspx?cp-documentid=157329311&page=4</ref> |
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== Criticism == |
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When Lewis purchased a property in [[Río Negro Province]], Argentina, it's mentioned that he blocked a public road leading to Escondido lake ({{Coord|-41.700667|-71.616397}}). Argentine justice ruled that he have to free the road. At June 2011 not yet released.<ref>[http://tiempo.elargentino.com/notas/lewis-avanza-y-se-apropia-desde-lago-escondido-hasta-cerro-perito-moreno ''Lewis advanced and appropriate from Escondido Lake to Perito Moreno mount'' (Lewis avanza y se apropia desde Lago Escondido hasta el Cerro Perito Moreno)], Tiempo Argentino newspaper. Retrieved Jun 2011.</ref><ref>[http://www1.rionegro.com.ar/diario/2007/01/27/20071v27f08.php ''Frustrated inspection of the road to Escondido lake'' (Frustrada inspección del camino a Lago Escondido )], Río Negro newspaper. Retrieved Jun 2011.</ref> |
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==Footnotes and references== |
==Footnotes and references== |
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Revision as of 14:44, 13 June 2011
Joe Lewis (born February 5, 1937 in East London) is an English businessman who currently lives in Lyford Cay, Bahamas, and also owns estates in Florida and Argentina. He has been married twice, and has two children from his first marriage.
Lewis left school at 15 to help run his father's West End catering business Tavistock Banqueting, starting out as a waiter. When he took the reins he quickly expanded it by selling luxury goods to American tourists before selling it in 1979, which made him his initial wealth. He later moved into currency trading in the 1980s and 1990s—resulting in his move to the Bahamas where he is now a tax exile. In September 1992, Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros.[1][2] Lewis currently is the main investor in Tavistock Group, which owns more than 175 companies in 15 countries. Tavistock Group's portfolio includes life sciences, sports teams (Tottenham Hotspur) and sporting events (Tavistock Cup, Isleworth Collegiate Invitational), manufacturing and distribution (KangaROOS, Gottex), oil, gas and energy (BayCorp, Pampa Energia), financial services, restaurants (Freebirds World Burrito, Mitchells & Butlers plc, Zed451), commercial properties (Tamar Capital, Bulgarian Property Development), private luxury residential properties (Isleworth Golf & Country Club, Lake Nona Golf & Country Club, Old Fort Bay), resort properties (Albany, Harmony Cove, The St. Regis Atlanta) and real estate developments (Lake Nona, New Providence Development Company).
Lewis hosts the Tavistock Cup tournament every March in Florida, raising millions of dollars for charity, and owns three of the four clubs that compete: Albany, Lake Nona Golf & Country Club and Isleworth Golf & Country Club. Lewis recently finished building a new golf community in the Bahamas called Albany, which opened October 2010. Woods and Els are also major shareholders in the luxury resort community located in New Providence. A 71-slip mega-yacht marina, an Els-designed championship golf course, a luxury boutique hotel, water park, kids' clubhouse, adult pool, spa and fitness center, and a variety of restaurants and bars are among the amenities Albany offers.
Lewis has been bringing biotechnology and new healthcare offerings to Central Florida. With his philanthropic support, Tavistock Group’s 7,000-acre (28 km2) Lake Nona master plan development is an emerging biomedical research and educational hub highlighted by the University of Central Florida College of Medicine and the Sanford Burnham Institute for Medical Research at Lake Nona. Construction is underway on Nemours Children’s Hospital, one of the nation's largest children's health systems, as well as the Orlando Veterans Affairs Medical Center, which will serve Central Florida’s 400,000 veterans. Both Lake Nona facilities are scheduled to open in 2012.
In addition, the University of Florida announced its plans to build a Lake Nona academic and research center, which will house a Comprehensive Drug Development Center, the UF College of Pharmacy doctoral program and biomedical research laboratories.
On 10 September 2007, he was in the news for having paid US$860.4 million in an all-cash purchase of a 7% stake in Bear Stearns.[3] By December 2007 Lewis had raised his stake at the brokerage firm to 9.4%, a total of 11 million shares, for which he paid an average price of $107 apiece.[4] After the purchase of Bear Stearns by JP Morgan for $10 a share, it was estimated that Lewis lost $1.16 billion dollars on his investment.[5] [6]
He is more recently known for making a £70 million investment in Bulgarian property development.[7] In 2011, he acquired approximately a 10% stake in MP Bank, the Icelandic bank.[8][9]
He is the largest shareholder of British Pub group Mitchells & Butlers, controlling 23% of the issued share capital through his investment vehicle Piedmont.
Lewis' total wealth is estimated at $3.2 billion, and he is listed as the 347th richest person of Forbes’ List of billionaires (2011). [10] The Sunday Times’ Rich List 2011 reports Lewis is the 22nd wealthiest person in Britain, worth £2.8 billion.[11]
Criticism
When Lewis purchased a property in Río Negro Province, Argentina, it's mentioned that he blocked a public road leading to Escondido lake (41°42′02″S 71°36′59″W / 41.700667°S 71.616397°W). Argentine justice ruled that he have to free the road. At June 2011 not yet released.[12][13]
Footnotes and references
- ^ Bowers, Simon. "Profile: Joe Lewis". The Guardian.
- ^ "Billionaires: March 2011 - Profile: Joe Lewis". Forbes.
- ^ Bloomberg.com: Worldwide
- ^ Bloomberg.com: Invest
- ^ Bryan-Low, Cassell (2008-03-17). "A Stake Through the Heart". The Wall Street Journal.
- ^ http://www.digitalalchemy.tv/2008/03/joseph-lewis-lost-1-billion-in-bear.html
- ^ Jenny Davey (2007-09-27). "Joe Lewis takes aim at Bulgaria". London: The Sunday Times. Retrieved 2008-03-14.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Lewis, Rowland, Acquire Stakes in MP Bank, Vidskiptabladid Says". Bloomberg.
- ^ "Group of Investors Buys Iceland's MP Bank". Iceland Review Online.
- ^ Joe Lewis - Forbes, Forbes.com. Retrieved May 2011.
- ^ http://money.uk.msn.com/news/rich-lists/photos.aspx?cp-documentid=157329311&page=4
- ^ Lewis advanced and appropriate from Escondido Lake to Perito Moreno mount (Lewis avanza y se apropia desde Lago Escondido hasta el Cerro Perito Moreno), Tiempo Argentino newspaper. Retrieved Jun 2011.
- ^ Frustrated inspection of the road to Escondido lake (Frustrada inspección del camino a Lago Escondido ), Río Negro newspaper. Retrieved Jun 2011.