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With John Morgan, Lovell co-founded Morgan Sindall, a quoted London property company, in 1977. He retired 10 years ago while retaining a stake that is now worth £17m. Morgan Sindall specialises in office design, property investment and refurbishment. Lovell, 55, sold £13.6m of shares in 2004. His Reading Properties had £747,000 net assets in 2008-09.The 2011 Sunday Times Rich List added dividends, share sale proceeds and other wealth.

Earnings & Financial Data

Date

Category

Description

Amount

2009

Asset

Current value of Jack Lovell's stake in Morgan Sindall Group plc, a British based construction services business headquartered in London

$19,950,000

2008

Asset

Current value of Jack Lovell's stake in Morgan Sindall Group plc, a British based construction services business headquartered in London

$31,500,000

2004

Sale of Asset

Sale of Jack Lovell's shares in Morgan Sindall, the quoted London-based construction and property company

$17,850,000

2003

Salary

Annual salary as the non-executive director of Morgan Sindall

$32,810

1977

Asset

Money spent by John Morgan and Jack Lovell for the foundation of the Morgan Sindall Group

$1,310