According to the Sunday Times rich List 2019
The Sunday Times Rich List is a list of the 1,000 wealthiest people or families in the United Kingdom, updated annually in April and published as a magazine supplement by British national Sunday newspaper The Sunday Times since 1989
The richest Cypriots are highlighted below.
Alki David and the Leventis FamilyTop is Alki David (pictured below) at position 58 valued £2.6 billion,he was born In Nigeria his parents from Cyprus and lives here in the UK and Los Angeles. David, who has appeared as heavies and the like in films or TV series in Britain, is searching for premises in Edinburgh to sell his SwissX medicinal cannabis oil.
Alki David is a member of the prominent Cypriot Leventis family who merged its worldwide bottling operation with Coca Cola to create London listed international drinks bottler Coca Cola HBC. We value the firm at £9.6 billion with the family holding a £2.24 Billion stake.
Sir Stelios Haji-Ioannou and family
Second richest is Easy Jet founder Sir Stelios Haji –Ioannou (Photo below) is at number 62 with a value of £2.29 Billion. Few people have lost more from Brexit than Haji-Ioannou. The morning after the referendum easyJets shares nosedived and have yet to recover.
Stelios owns the European trade mark for the word easy another thousand trademarks with easy as a prefix.
Stelios and his family have a 34% stake in the budget airline of £1.51 billion a fall of £707 million.
Stelios founded the easyjet budget airline. Stelios Foundation in the past year has funded scholarships at the London School of Economics and elsewhere. He also has a charity food from the heart provides poverty relief in Greece and Cyprus.
Third richest are the Lazari family valued at £2.054 billion at position 67. The death of Chris Lazari three years ago robbed the London property market of one of its shrewdest operators . Chris Lazaris (Photo below) was from Dora in Cyprus,he started in fashion with Drendie Girl he later founded Lazari Investments, the booming Central and North London property operation with 2.8m sq ft of London commercial space plus 113 residential properties and 731 freeholds that is now run by his three children Len, Nicholas and Andrie.
Their flagship asset is Greater London House headquarters of fashion retailer Asos.
The Lazari family net assets exceeded £1.93 billion in 2017/18 and the family has other interests.
4th richest is 53 year old John Christodoulou at £1.6 billion and position 96 is Nicosia born John Christodoulou who came to the UK after the Cyprus Turkish invasion he bought his first property in 1984. John is the second largest freeholder in Canary Wharf with 2m sq ft which includes two five star hotels the Marriot and Four Seasons. He also has 2,000 residential and commercial freehold units in Central London other interests include Brazilian land , New York apartments and Manchester’s Hilton Tower and Liverpool’s Radisson Blu..
5th richest Former Dragon’s Den star Theo Paphitis at £301 million at position 49 was born in Limassol, in Cyprus, in 1959 and came here aged six with his parents. He went to the local comprehensive in North London, where they failed to detect his dyslexia but did let him run the school tuck shop. His first job, when he left at 16, was helping make the tea at a Lloyd’s insurer.
He specializes turning round companies , his three main businesses which are stationers Ryman hardware chain Robert Dyas and Boux Avenue Lingerie.
Profits at Ryman were £4.16 million. Robert Dyas lost £918,000 in 2017/18. while Boux Avenue had a 11.7 million deficit
. Theo Paphitis has also recruited Strictly Come Dancing star Mollie King as the face of the lingerie company Boux Avenue.
Paphitis also turned round the La Senza lingerie chain and netted £100 million with its sale. He also has commercial properties all round the UK. Is worth £301 and is placed at 409.
In position 851 with a fortune of £140 million Stelio Stefanou born in Egypt parents from Ktima and Peyia in Cyprus came to England and studied and remained here and built up the Accord maintenance which was sold for £180 million in year 2007. He runs his Hertfordshire based Stefanou foundation charity which promotes the well being of the very young and very old as well as scientific research. His assets include a £50 million Mayfair property owned by the Duke of Clarence before he became King William IV.
We also have John Fredriksen Shipping Billionaire said to be the World’s biggest tanker operator in the list. A Norwegian by birth and holds a Cypriot Citizenship since Norway tightened the Tax regime. He made his fortune during the Iran – Iraq war in the 1980’s. He is the 18th richest person in the UK worth £7.543 billion.
Greeks from Greece
We have Aristotelis Mistakidis in position 105 valued at £1.434 Billion works in commodities at Glencore. He is chairman of several of Glencores mining companies.
Anthony Green from the Greek Zochonis Family who produce branded soaps is placed 266 and is valued at £505 million. His family retain a major stake in the Imperial Leather operation.
We have Greeks Chris Rokos £775 million at position 186 a trying year for Rokos Capital management and Trifon Natsis £185 million at position 657 Who set up the Brevan Howard hedge Fund with two other traders . It is one of Europe’s top operations managing funds .
In position 210 at a value of £660 million London born Logothedis brothers George 44 and Constantine 39 run Libra group a Greek shipping ,property, aviation and energy empire. Constantine is based in London but George lives in New York hosted Barack Obama at their Manhattan townhouse .
The Richest Britons
The Hinduja brothers, Gopichand and Srichand, have reclaimed their crown as the UK’s wealthiest people, according to the annual Rich List survey.
The Indian-born, London-based industrialists are estimated to be worth £22bn, up £1.35bn on last year’s list.
The brothers knocked British businessman Sir Jim Ratcliffe from the top spot. The controversial chemicals entrepreneur, boss of Ineos, who is leading the drive to develop fracking in the UK, has dropped to third, with an estimated fortune of £18.1bn, down £2.9bn in the past 12 months.
He was also overtaken by David and Simon Reuben, the property developers, whose net worth was estimated by the Sunday Times to be £18.6bn, up £3.5bn on last year’s total. Soviet-born businessman Sir Len Blavatnik was fourth-wealthiest, with a fortune put at £14.8bn.
The inventor Sir James Dyson was the biggest winner in the list. His wealth grew to £12.6bn, a rise of £3.1bn in a year, sending him from 12th-richest person in the UK to fifth. Sir James recently faced criticism after it was revealed he was moving his corporate head office to Singapore.
The wealthiest woman in Britain is Sigrid Rausing, granddaughter of the man who invented the Tetra Pak packaging fortune. She is reportedly worth £12.2bn and ranked sixth.
Brewing heir Charlene de Carvalho-Heineken, who is London-based, is seventh with a £12bn fortune.
The former Arsenal football club shareholder Alisher Usmanov, whose fortune comes from mining and finance, is ranked eighth on £11.3bn, narrowly edging him past rival oil oligarch and Chelsea football club owner Roman Abramovich on £11.2bn.
Fellow Russian businessman Mikhail Fridman is a new entry to the top 10 with a fortune put at £10.69bn. Fridman, who is said to have close links to Russia’s president, Vladimir Putin, moved to the UK in 2015.
The list reveals that retailer Sir Philip Green has lost his billionaire status; his fortune is believed to have halved in a year because of a pension black hole in his Arcadia empire. The Sunday Times Rich List has Green’s total wealth free-falling £1.05bn in a year to £950m.