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

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David Simon Reuben Latest News

India-born Reuben brothers top UK rich list, Hindujas at No 2

Mumbai-born tycoons David and Simon Reuben have topped 'The Sunday Times' Rich List 2016 with a fortune of 13.1 billion pounds, followed by the Hinduja brothers at 13 billion pounds. Britain's annual rich list unveiled today has a distinctly Indian flavour ...
Posted: April 25, 2016, 2:01 am

Plaza Hotel foreclosure auction canceled after lenders grant extension

The hotel’s ownership has been in limbo for two years. Billionaire brothers David and Simon Reuben hold the mortgage on the five-star hotel and had scheduled a foreclosure auction for April 26, according to the person, who asked not to be named because ...
Posted: March 28, 2016, 7:38 am

Former private members' club to become one of London's grandest hotels under new plans from Billionaire brothers

The billionaire Reuben brothers have won planning permission to turn a former Piccadilly private members’ club into one of London’s grandest hotels. David and Simon Reuben, said to have a £14 billion fortune, spent about £130 million buying 94 ...
Posted: December 14, 2017, 5:05 am
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