10 Comments

  1. Rob
    22nd April 2013 @ 2:10 pm

    Real question is this:

    “Who’s on the Rich List who ISN’T in property”??

  2. Rebecca
    22nd April 2013 @ 2:17 pm

    Owning property in London is definitely one of my dreams! But I think it will be a while until I own anything like what these guys do! :p

  3. suzanne
    22nd April 2013 @ 2:31 pm

    If you dont make it happen it wont !!

    Why do people get jealous of success and wealth – because they are prepared to let others do the hard work whilst they wait for the winning lottery ticket.

    informed risk, planning , ambition and a great team around you. Thats all it takes

  4. Mark Homer
    22nd April 2013 @ 3:29 pm

    The interesting thing about these estimates in the rich list is how much more these people have often made. I know a couple and they claim that the people in these lists are often far richer as it dosent include bank accounts and many financial instruments for which there is no public record.

  5. Kayla Conley
    22nd April 2013 @ 8:17 pm

    Hey Rob and Mark! Thanks for the article. Did you guys start out with a business plan or you just make it up as you go along? It’s a challenge for me to have clarity at the moment? Any advice

    Many thanks!
    Kayla

  6. Bernard Stanbury
    22nd April 2013 @ 8:32 pm

    Hi !

    Whilst not actually lying, your blog is totally misleading.

    Apart from the Duke of Westminster – whose stork happened to land in the middle of Mayfair – not 1 of the other top ten started out to make money in the property business.

    People like Mittel and Abramovich have to live somewhere and you wouldn’t expect them to buy a 2 up 2 down in Leytonstone, would you ?

    Maybe 2 of those others listed made significant fortunes in property, but the rest are just investing their fortunes made elsewhere for the best returns, and where it is most secure and easy to manage.

    You two guys are not doing too badly. How rich do you need to be before you’re prepared to tell it like it is ?

    Kind regards

    Bernard

  7. Rob
    22nd April 2013 @ 11:17 pm

    Hi Bernard,

    Thanks for taking the time to reply

    I’ve re-read the article to see if its overly biased

    (Of course it’s going to have bias, everything does. Your comment is biased, as is mine 🙂 This is an article on property after all)

    I’m happy that it makes the point it makes: most in the Rich List are in property

    It doesn’t try to say that everyone in the Rich List made all their money in property

    However, I’m sure if you dig, you could find that many of the people mentioned also owned large commercial buildings, offset capital allowances, use various property tax incentives, buy houses for family, and much more we could have gone into

    And just as easily I’m sure you could find the odd one who doesn’t care much for property (but probably, accidentally, made multiple millions over time)

    The article doesn’t seem, on re-read to be trying to be something it isn’t – it’s an observation of how many people in the Rich List have property, it states to what extent, and it says that if the super rich are anything to go by, it’s smart to own property

    Have a great week

    Rob

  8. Brian Bennis
    23rd April 2013 @ 4:36 pm

    The Sunday Times Rich List was first published in 1989. In those 25 years, only one person has been in the top 10 in every year. The Duke of Westminster. And his money is pretty much all invested in property. Need I say more?

  9. Rob
    25th April 2013 @ 8:17 am

    Hi Kayla 🙂

    It depends on what your outcome is. If your outcome is to attract investors for JV’s or to raise finance to grow your business, it is smart to have a business plan

    There are 2 business plan templates as part of the JV content here:

    http://www.beyourownbank.co.uk

    TBH, we never started with a business plan, we just cracked on and rolled with the punches. When you start you are lean and can adapt fast, you can make quick instant decisions and keep easily on track

    A lot of investors I see hide behind ‘packs’ and ‘plans’ as an excuse not to DO

    And if you’re feeling a bit overwhelmed or lack a bit of clarity, then decide forward. Fail forward fast even

    Feel free to ask us any more questions and thank you for posting 🙂

  10. Chartered Surveyors
    26th April 2013 @ 11:35 am

    Property has and always will be the best place to invest – these people aren’t rich for no reason.

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