According to the Sunday Times rich List 2017

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.

Sir Stelios Haji-Ioannou and family

The richest Cypriot in the List is Easy Jet founder Sir Stelios Haji –Ioannou (Photo below) at number 64 with a value of £1.95 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 and his family have a 34% stake in the budget airline worth 1.29 million a drop of £770 million since last year.

He floated his easyhotelchain in 2014 and it is worth £58m with his easy group having a 55% stake. Stelios founded the easyjet budget airline.  Stelios Foundation in the past year. It funds 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.

stelios 89

Sir Stelios Haji-Ioannou

 

Alki David and the Leventis Family

Second is Alki David (pictured below) at position 67  valued £1.9 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, runs FilmOn, a patented live-streaming Internet business, allowing access to live HDTV streaming via PCs, televisions and cell phones which is woth more than £500 million. He also plans to send Amy Winehouse and Dean Martin on reincarnation tours after buying a hologram projection technology company. David had a controlling 80% stake. Alki David is a member of the prominent Cypriot Leventis family. Which has £1.66 billion stake in the London listed international drinks bottler Coca Cola Hellenic. David recently sold one of his 11 properties worldwide a Beverly Hills mansion for nearly 25 million dollars and is married to Jennifer Stano an American swimwear designer and former model.

alki david

Alki David

Lazari family

Third  richest are the Lazari family valued at £1.777 billion at position 67. The death of Chris Lazari two 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 that is now run by his three children Len, Nicholas and Andrie.

The Lazari family net assets exceeded £1.7 billion in 2016/17 and the family has other interests.

chris lazari

 Chris lazari

John Christodoulou

4th  richest is 51 year old John Christodoulou at £1.25billion and position 103 is Nicosia born John Christodoulou who came to the UK after the Cyprus Turkish invasion he bought his first property in 1964. Assets at his Yianis holdings stood at £531 million. 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..

Theo Paphitis

Former Dragon’s Den star Theo Paphitis 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 where his profits grew  and assets rose more than £6 million  to 50.8 million.He has stakes in other businesses which made £10 million profit in 2014/15. 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 £286m and is placed at 406.

Theo Paphitis at the launch of his seventeenth Boux Avenue lingerie store in Silverburn, Glasgow.November 29 2012

Theo Paphitis

 

Stelios Stefanou

In position 793with 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.

 

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 12th  richest person in the UK worth £8.05 billion.

 Greeks from Greece

We have Aristotelis Mistakidis in position 77 valued at £1.6 Billion works in commodities at Glencore. He is chairman of several of Glencores mining companies which are now worth £45.5 billion valuing his holding at £1,492 billion.

At spot 184 and 515  at the value of £700 and £200 million we have Greeks Chris Rokos and Trifon Natsis respectively Who set up the Brevan Howard hedge Fund with two other traders . It is one of Europe’s top operations managing funds .

In position 196 at a value of £650 million London born Logothedis brothers George 41 and Constantine 36 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 .

Coming in at 207 spot is Michael Lemos from the well known Greek shipping family who is worth £605 million. He owns freight forwarding company CM Lemos which has moved property, insurance and tourism.

Anthony Green from the Greek Zochonis Family who produce branded soaps is placed 170 and is valued at £774 million. His family retain a major stake in the Imperial Leather operation.

Alex Goulandris and family is in position 491 with a value of £210 million comes from a famous Greek shipping company, based in London he is chief executive of essDOCS, which provides electronic bills of loading for cargo ships. An art lover he sold a 1951 bronze sculpture by Alberto Giacometti at Sotheby’s in 2014 for $90 million.

UK’s richest

The UK’s richest 1,000 people “kept calm and carried on making billions” amid the Brexit vote of 2016, according to the Sunday Times Rich List.

Their wealth rose by 14% over the past year to a record £658bn, it shows.

Brothers Sri and Gopi Hinduja, who invest in property, healthcare and oil and gas, top this year’s list with £16.2bn – up £3.2bn on 2016.

The list includes a record number of British billionaires – 134 – with 14 new ones emerging over the last year.

List compiler Robert Watts said: “While many of us worried about the outcome of the EU referendum, many of Britain’s richest people just kept calm and carried on making billions.”

He said a revived stock market had been behind the surge in wealth for the super-rich.

‘Equities soared’

“We expected to see a chilling effect in the run-up to the EU referendum, but that simply did not materialise,” Mr Watts said.

“A buoyant stock market usually drives the wealth of rich-listers higher, and since last June equities have soared.”

Of those in the top 20, only the Weston family – Guy, George and Galen Jr – lost money in the last year.

They saw their fortune drop by £500m to £10.5bn because of a fall in the share price of Associated British Foods, in which they have a 20.8% stake.

The largest increase in wealth went to steel magnate Lakshmi Mittal, who added more than £6bn to his £13.23bn valuation.

However, he remains a long way from his 2008 peak of £27.7bn – a Rich List record.

Others on the list include:
  • The Duke of Westminster – 26-year-old Hugh Grosvenor – is the only British-born billionaire in the top 10. He became the world’s richest under-30 when he inherited the family estate last year
  • Alisher Usmanov, who owns 30% of Arsenal Football Club, added more than £4bn to his £11.79bn fortune
  • Brexit supporter Sir James Dyson, who last year became the first self-made Briton to break the £5bn barrier, this year increased his wealth to £7.8bn
  • Zlatan Ibrahimovic, was the highest new entrant among sports stars with £110m after his move to Manchester United
  • Adele consolidated her position as Britain’s wealthiest ever female musician by earning £40m, bringing her assets to £125m
  • Harry Potter stars Daniel Radcliffe, Emma Watson and Rupert Grint are all on the list, with Radcliffe on £78m, Watson on £39m and Grint on £28m

Mr Watts said: “We’re seeing more and more diversity in the composition of the Rich List.

“More women, more people from ethnic backgrounds, and more from surprising walks of life, with egg farmers and pet food makers lining up with hedge fund managers and private equity barons.”

Among those who lost money in this year’s list were controversial businessmen Mike Ashley, the founder of Sports Direct, and Sir Philip Green, chairman of the Arcadia Group and the former owner of the collapsed chain store BHS.

Ashley’s wealth dropped by £270m to £2.16bn after shares in Sports Direct fell, while Sir Philip and Lady Green’s wealth dropped by £433m to £2.78bn after he agreed to pay £363m to fund the pensions of former staff at BHS and the value of his stake in Arcadia lowered.

It now takes assets of £110m to break into the ranks of the richest 1,000 people in the UK. The figure in 2016 was £103m.

The top 20 in the list alone are worth a total of £191.77bn, increasing their wealth by £35.18bn over the past 12 months.

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