Richard Livingstone (businessman)

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Richard Livingstone
BornRichard John Livingstone
November 1964 (age 53–54)
UK
ResidenceLondon, England
NationalityBritish
EducationSt Paul's School, London
OccupationCo-owner, London & Regional Properties
Net worth£2.6 billion (May 2014)[1]
Spouse(s)Claire Burns (divorced)
RelativesIan Livingstone (brother)
John Burns (former father-in-law)

Richard John Livingstone (born November 1964) is a British billionaire property developer, through the privately held London & Regional Properties, owned jointly with his brother Ian Livingstone.

Early life[edit]

Richard John Livingstone was born in November 1964[2] in the UK, the son of a dentist in Ealing, London. He was educated at St Paul's School, a leading private school.[3]

Career[edit]

He trained as a chartered surveyor.[3] Together with his brother Ian, a former optometrist, they acquired the David Clulow opticians chain in 1992. They sold it in 2011 and are now primarily property developers.[1]

Many of their early developments were financed by Jacob Rothschild's merchant bank Dawnay Day, who Ian said "proved very supportive".[3]

Through their company London & Regional Properties, they own David Lloyd Leisure and luxury hotels including Cliveden House in Berkshire, Hilton Hotels in London’s Green Park and Park Lane. They redeveloped Marks & Spencer's former headquarters at 55 Baker Street, which now houses the offices of Knight Frank, the accountant BDO Stoy Hayward, and London & Regional itself.[4]

As of 2015, together with Jaime Gilinski Bacal, they are developing the $700 million Panama Pacifico project in Panama City, Panama on the former Howard Air Force Base.[3] They are also reveloping the former Elizabeth House hotel near London's Waterloo station in a $930 million project.[citation needed]

In the 2014 Sunday Times Rich List, together with his brother Ian, they have an estimated net worth of £2.6 billion.[1]

Personal life[edit]

In 1997, he married Claire Burns, the daughter of John Burns, who founded the Derwent London property group. They are now divorced.[3] He is Jewish.[3]

The Evening Standard notes that they are eager to avoid publicity and seek to lead a normal life for the sake of their children, and calls them "arguably the lowest-profile billionaire siblings in London" and "these most secretive of brothers".[3]

References[edit]

  1. ^ a b c "Rich List 2014 (page 24)". Sunday Times. 18 May 2014.
  2. ^ "LONDON AND REGIONAL PROPERTIES LIMITED". Companies House. Retrieved 10 August 2015.
  3. ^ a b c d e f g Prynn and Bar-Hillel, Jonathan and Mira (29 March 2012). "London brothers behind a £4 billion secret empire". Evening Standard. Retrieved 31 December 2014.
  4. ^ Ruddick, Graham (31 October 2012). "Ian and Richard Livingstone pay themselves £124m dividend". Daily Telegraph. Retrieved 5 January 2015.