Source of Wealth:Construction
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.
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