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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 |