Richard Livingstone (businessman)
Richard Livingstone | |
|---|---|
| Born | November 1964 (age 59–60) |
| Nationality | British |
| Education | St Paul's School, London |
| Occupation(s) | Co-owner, London & Regional Properties |
| Spouse | Claire Burns (divorced) |
| Relatives | Ian Livingstone (brother) John Burns (former father-in-law) |
Richard John Livingstone (born November 1964) is a British billionaire property developer, through the privately held London & Regional Properties, owned jointly with his brother Ian Livingstone.
Early life
Richard John Livingstone was born in November 1964[1] in the UK, the son of a dentist in Ealing, London. He was educated at St Paul's School, a leading private school.[2]
Career
He trained as a chartered surveyor.[2] Together with his brother Ian, a former optometrist, they acquired the David Clulow opticians chain in 1992. They sold it in 2011 and are now primarily property developers.[3]
Many of their early developments were financed by Jacob Rothschild's merchant bank Dawnay Day, who Ian said "proved very supportive".[2]
Through their company London & Regional Properties, they own David Lloyd Leisure and luxury hotels including Cliveden House in Berkshire, Hilton Hotels in London's Green Park and Park Lane. They redeveloped Marks & Spencer's former headquarters at 55 Baker Street, which now houses the offices of Knight Frank, the accountant BDO Stoy Hayward, and London & Regional itself.[4]
As of 2015[update], together with Jaime Gilinski Bacal, they are developing the $700 million Panama Pacifico project in Panama City, Panama on the former Howard Air Force Base.[2] They are also reveloping the former Elizabeth House hotel near London's Waterloo station in a $930 million project.[citation needed]
In the 2014 Sunday Times Rich List, together with his brother Ian, they have an estimated net worth of £2.6 billion.[3]
Personal life
In 1997, Livingstone married Claire Burns, the daughter of John Burns, who founded the Derwent London property group. They are now divorced.[2] Livingstone is Jewish.[2]
The Evening Standard notes that they are eager to avoid publicity and seek to lead a normal life for the sake of their children, and calls them "arguably the lowest-profile billionaire siblings in London" and "these most secretive of brothers".[2]
References
- ^ "LONDON AND REGIONAL PROPERTIES LIMITED". Companies House. Retrieved 10 August 2015.
- ^ a b c d e f g Prynn and Bar-Hillel, Jonathan and Mira (29 March 2012). "London brothers behind a £4 billion secret empire". Evening Standard. Retrieved 31 December 2014.
- ^ a b "Rich List 2014 (page 24)". Sunday Times. 18 May 2014.
- ^ Ruddick, Graham (31 October 2012). "Ian and Richard Livingstone pay themselves £124m dividend". Daily Telegraph. Retrieved 5 January 2015.