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The Livingstone brothers are the founders of London & Regional Properties (L&R) and they have an estimated net worth of $5.7 billion.
Richard Livingstone is a chartered surveyor while his older brother Ian is a former optometrist. The two started earning their estimated net worth of $3.4 billion when their business career kicked off together. In 1992, they opened optical stores and acquired the David Clulow optical chain. They sold their business in 2011.
Today, the main business of the Livingstone brothers is real estate. They first ventured in the industry in 1987 when they founded L&R, a property trading company. It is based in London and is considered one of the largest privately held property companies in Europe. It also has offices in Stockholm, Moscow, Panama City, St. Petersburg, Kiev, and Cape Town. Their property empire has an estimated value of around $6.3 billion. Currently, they operate several property investment vehicles under the umbrella firm Loopsign Limited. It has business interests in the United Kingdom, Germany, Russia, and Panama.
In 2012, Richard and Ian got the approval for a $4,930 million redevelopment of the Elizabeth House hotel near the Waterloo train station in Central London. Its property in Panama called Panama Pacifico includes a 250-acre commercial development with hotels, shops, schools, parks, and 20,000 homes located just 15 minutes outside of Panama City.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2018 |
Asset |
Current value of Richard and Ian Livingstone's property empire after the acquisition of Grayshott Health Spa, Surrey, and 47 Holiday Inn Express outlets |
$4,750,000,000 |
2018 |
Asset |
Estimated worldwide investment and development programme of London and Regional Properties (L+R), an investment property company run by brothers Richard and Ian Livingstone |
$11,550,000,000 |
2017 |
Asset |
Total assets of Richard and Ian Livingstone's Loopsign Limited |
$6,200,000,000 |
2017 |
Asset |
Purchase value of Richard and Ian Livingstone's 47 Holiday Inn Express hotels |
$737,880,000 |
2016 |
Asset |
Net asset value of Richard and Ian Livingstone's Loopsign Limited |
$2,050,000,000 |
2016 |
Asset |
Total assets of Richard and Ian Livingstone's Loopsign Limited |
$5,610,000 |
2016 |
Asset |
Current value of Colombian businessman Jaime Gilinski and Ian Livingstone's Howard Air Force Base which was once an imposing military installation alongside the Panama Canal that eventually became a new city that is five times the size of Central Park |
$3,600,000,000 |
2016 |
Asset |
Investment of Colombian businessman Jaime Gilinski and Ian Livingstone in the Howard Air Force Base which was once an imposing military installation alongside the Panama Canal that eventually became a new city that is five times the size of Central Park |
$705,000,000 |
2015 |
Asset |
Investment of Richard Livingstone and Jaime Gilinski Bacal in the redevelopment of the former Elizabeth House hotel near London's Waterloo station |
$930,000,000 |
2015 |
Asset |
Net asset value of Richard and Ian Livingstone's Loopsign Limited |
$266,920,000 |
2015 |
Asset |
Current property portfolio of Richard and Ian Livingstone's London & Regional Properties |
$11,550,000,000 |
2015 |
Asset |
Investment of Richard and Ian Livingstone in the redevelopment of the Elizabeth House hotel in Central London |
$930,000,000 |
2015 |
Asset |
Estimated investment of Richard and Ian Livingstone in the development of a 1.5-million-square-foot joint-venture project in the Mini-City In Cuba called Carbonera |
$500,000,000 |
2012 |
Earnings |
Dividends earned by Ian and Richard Livingstone, the brothers behind David Lloyd Leisure and a string of top hotels for the year 2012 after selling off swaths of overseas assets |
$159,120,000 |
2012 |
Asset |
Net assets of Ian and Richard Livingstone, the brothers behind David Lloyd Leisure and a string of top hotels |
$1,030,000,000 |
2012 |
Asset |
Gross assets of Ian and Richard Livingstone, the brothers behind David Lloyd Leisure and a string of top hotels |
$5,130,000,000 |
2009 |
Earnings |
Dividends earned by Ian and Richard Livingstone, the brothers behind David Lloyd Leisure and a string of top hotels for the year 2009 |
$188,640,000 |
2008 |
Earnings |
Dividends earned by Ian and Richard Livingstone, the brothers behind David Lloyd Leisure and a string of top hotels for the year 2008 |
$310,550,000 |
2008 |
Asset |
Current value of Marks & Spencer's former headquarters in London's Baker Street |
$769,960,000 |
2008 |
Asset |
Money spent for the purchase and redevelopment of Marks & Spencer's former headquarters in London's Baker Street |
$269,480,000 |
2007 |
Earnings |
Dividends earned by Ian and Richard Livingstone, the brothers behind David Lloyd Leisure and a string of top hotels for the year 2007 |
$295,150,000 |
1996 |
Asset |
Current value of Richard and Ian Livingstone's enterprise called Optika that has 40 outlets |
$25,670,000 |
1993 |
Sale of Asset |
Sale of Richard and Ian Livingstone's portfolio of properties to the much bigger group Development Securities |
$118,060,000 |