David Simon Reuben Net Worth is$10.5 Billion
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David & Simon Reuben net worth: David & Simon Reuben are British businessmen and philanthropists who have a net worth of $10.5 billion. Raised in the UK, the brothers had separate careers early in life. Simon was involved in importing carpets and David was a metal trader. However, they soon discovered the property market which literally took over their lives later. David and Simon first joined together in their Trans World group, which turned into the third largest metal producer in the world after they bought up more than half of Russia's aluminium industry. Early in 2000 the Russian business climate was bad for many western investors and at this point they moved their interests to the UK property market. The two plan to turn the Mayfair estate of famed In and Out Club into a 48 bedroom residence and 35,000 bottle winecellar, valued as the most expensive private residence in the UK. In addition to real estate investments, the siblings are working on the expansion of their data center business, GlobalSwitch, throughout Hong Kong, Sydney and Singapore. Furthermore, they has acquired control of 48% of all horse-racing in the UK following the acquisition of Arena Leisure last March. As great philanthropists, they founded their Reuben Foundation which funds health care and educational causes, including university scholarships for inner-city children. David splits his time between Monaco and Florida, while Simon resides in Monaco.
David and Simon Reuben are British businessmen and philanthropists. In the Forbes magazine List of billionaires 2012, ranking of the wealthiest people in the UK, the brothers were placed second.
Born to British-Jewish parents, their extended family ran various businesses. The family returned to London when the boys were teenagers, allowing them to be educated in British secondary schools.
The brothers increased their fortune during the 1970s and 1980s in both metals trading and property. Nearly half their fortune is in liquid assets such as cash and bonds. They avoid publicity, but provide some details about their interests on their personal website.
In the early 1990s, the brothers invested in the Russian metals market, financing significantly the production and distribution of metals. The Reuben's became the world's third-biggest producer of aluminum.
At its peak, their company, Trans-World Metals, and its associates controlled five percent of the world's aluminum output. When Russian aluminum smelters were incapacitated by debt, Trans World entered into tolling arrangements with factories in which they paid for and delivered raw materials in return for finished aluminum, which it then sold for profit. The company's investment in Russia was $1.5 billion (A?870 million), with global sales in 1995 topping $8 billion.
Due to their former status as Russia's biggest foreign investors, they are subjected to significant press scrutiny. During their ten years in the country the Reuben Brothers did business with some unconventional characters. They also came across several members of the country's new oligarchy, including Roman Abramovich, now owner of Chelsea F.C.
Subsequently they settled a multi-million pound legal dispute with Oleg Deripaska which resulted in a substantial settlement being awarded to Reuben Brothers.
In 2008 Reuben Brothers returned to the metals business acquiring the metal trading company, RB Metalloyd, and formed a new dedicated

David Simon Reuben Latest News

Reuben Brothers Now Control 40% Of UK Race Meets

UK billionaire brothers David & Simon Reuben "who now control almost 4 out of every 10 race meetings in Britain have delivered an upbeat assessment of the sport's future" & affirmed "their faith in the long-term prospects of British racing" reported ...
Posted: May 10, 2012, 5:00 pm

Jewish brothers top Britain’s 2016 Rich List

Two Indian-born Jewish brothers were named Sunday as the richest people in Britain. David and Simon Reuben, aged 77 and 74, topped The Sunday Times’ annual Rich List, with their assets estimated at £13.1 billion ($18.9 billion). The brothers had placed ...
Posted: April 24, 2016, 6:40 am

Simon CEO lands $137 million in compensation

former chairman of the Chicago-based management advisory firm Diamond Management & Technology Consultants Inc.; and Reuben Leibowitz, managing member of the New York-based private equity firm JEN Partners. David Simon, who is chairman of the company’s ...
Posted: April 10, 2012, 8:50 am
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