- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $3.7 Billion
What is Ian and Richard Livingstone's Net Worth?
Ian and Richard Livingston are British entrepreneurs who have a net worth of $3.7 billion. Ian (49) and Richard (47) are brother's duo who founded London & Regional Properties (L&R), one of the most successful Britain's property trading companies. Ian, a former optometrist, and his younger brother Richard, a chartered surveyor, started their mutual career path by opening optical stores. In 1992, the Livingstone brothers gained the David Clulow optical chain stores, which they sold in 2011, and made a bulk of fortune. Nowadays, the brothers' key business is real estate, which they first launched in 1987, by founding London-based L&R.
The Livingstone's real estate empire has an estimated value of approximately $6.3 billion, and besides in London, it has offices in Moscow, Kiev, Stockholm, Panama City, Cape Town and St. Petersburg. The company's property in Panama, named Panama Pacifico, has 250 acres of commercial development, and 20,000 homes placed only 15 minutes outside of Panama City. In 2012, the Livingstone brothers got a $4,930-million-worth approval for redevelopment of the Elizabeth House hotel in Central London. Moreover, the duo runs Loopsign Limited, a multiple property investment vehicles company, with funds in Germany, the U.K., Panama, and Russia.
