Ian Richard Livingstone Net Worth is$3.4 Billion
Ian and Richard Livingstone Net Worth: Ian and Richard Livingston are British entrepreneurs who have a net worth of $3.4 billion. Ian (49) and Richard (47) are brother's duo who founded London & Regional Properties (L&R), one of the most successful Britain's property trading companies. Ian, a former optometrist, and his younger brother Richard, a chartered surveyor, started their mutual career path by opening optical stores. In 1992, the Livingstone brothers gained the David Clulow optical chain stores, which they sold in 2011, and made a bulk of fortune. Nowadays, the brothers' key business is real estate, which they first launched in 1987, by founding London-based L&R. The Livingstone's real estate empire has an estimated value of approximately $6.3 billion, and besides in London, it has offices in Moscow, Kiev, Stockholm, Panama City, Cape Town and St. Petersburg. The company's property in Panama, named Panama Pacifico, has 250 acres of commercial development, and 20,000 homes placed only 15 minutes outside of Panama City. In 2012, the Livingstone brothers got a $4,930-million-worth approval for redevelopment of the Elizabeth House hotel in Central London. Moreover, the duo runs Loopsign Limited, a multiple property investment vehicles company, with funds in Germany, the U.K., Panama, and Russia.
Ian Paul Livingston, Baron Livingston of Parkhead (born 28 July 1964), is a Scottish businessman who is the outgoing chief executive of BT Group. He announced on 19 June 2013 that he is leaving BT to take up a new role as Minister for Trade and Investment in the UK Government, and will be replacing Lord Green in the position. He became a member of the House of Lords as a life peer on 15 July 2013 with the title Baron Livingston of Parkhead
The fourth generation son of Polish-Lithuanian Jews who arrived in Scotland 120 years ago, the family eventually owned a factory that made flying jackets and police uniforms. Brought up in Kelvinside, his father is a retired General Practitioner who practised in Parkhead. The youngest of four children: his eldest brother is a Sheriff in Glasgow; the second a partner in an accountancy firm; his sister a professor of psychiatry in London. Livingston was educated at Hillhead primary School and the independent Kelvinside Academy, where he won a Royal Bank of Scotland fantasy share-investment competition, turning ??10,000 into ??30,000 in just 10 months.
Married in 1989, Livingston and his wife met at University. The couple and their two children (one son, one daughter), live in Elstree.
After graduating with a degree in economics from University of Manchester at the age of 19, he trained as an accountant with Arthur Andersen, where, on assignment, he became the first chief accountant of The Independent newspaper. Livingston then moved to Bank of America, and then private-equity firm 3i.
After being spotted by Sir Stanley Kalms, he moved to the corporate development department of Dixons Group in 1991, before becoming the youngest FTSE 100 finance director at the age of 32. Under then CEO John Clare, Livingston became key in creating PC World and the broadband provider Freeserve.
After the sale of Freeserve, Livingston joined BT Group as Finance Director, before he took up the post of CEO Retail, on 7 Februar