Europe is a land of one of the richest real estate billionaires. A very short list of people own a substantial part of the important real estate in the region. In this article, we are going to cover the top five richest real estate billionaires of Europe.
Michael Otto is a 72 year old German national and he owned the Otto group which is the world’s second largest online retailer. Later he left the Otto group and invested in the real estate business. He owns several shopping malls in Germany and a substantial property in US and Canada. He founded Michael Otto Foundation that focuses on environmental issues. His net worth is $ 17 billion.
David and Simon Reuben
David and Simon brothers are UK national having 72 and 71 years of age respectively. The brothers made a fortune in the metal business controlling the 7% of the world’s aluminum trade. They sold their company “TransWorld” in the 90s and bought property instead. Currently, the brothers are investing in the data center business with the name “Global Switch”. The brothers invest money in healthcare and education sector for the poor. The task is carried out officially by Reuben Foundation. They are considered one of the richest real estate billionaires with a net worth of $14.8 billion.
Gerald Cavendish Grosvenor
Gerald Cavendish is a 64-year-old UK national. He is the owner of 190 acres of land with property near Buckingham Palace, in London’s one of the poshest areas. He is also running a private group named “Grosvenor Group” that owns property in five different continents and manages the property of over $20 billion. The net worth of Gerald Cavendish is $13.3 billion.
Charles Cadogan is a 79 years old UK national, he is the 8th earl Cadogan. He owns the property of $6 billion that can be traced back to Georgian kings and the value of the property increased as London saw a spike in the real estate which made him one of the richest real estate billionaires. Currently, his net worth is $7.3 billion.
Richard and Ian Livingston
Richard and Ian are UK nationals having 51 and 53 years of age respectively. The brothers own top-shelf digs including high-class shops, hotels, and apartments in the London. Besides this, they also own property across the Europe, Africa, and South America. They own the Elizabeth House Hotel in London that has a worth of $930 million. Ian was an optometrist while his brother Richard was a surveyor before they found fortune in the real estate business. The total worth of Richard and Ian is $5.1 billion. They are considered the 5th richest real estate billionaires of Europe.
Four out the first five richest real estate billionaires of Europe are UK nationals while the only one German National actually tops the list of the top five richest real estate billionaires.Charles Cadogan inherited most of his current property while the rest of the billionaires grew up from a relatively lower status.