West Ham co-owner and joint chairman, David Sullivan is now a billionaire according to the 2016 Sunday Times rich list. Mr Sullivan crossed the £1bn mark after his wealth grew by more than £150m in the last year raising to the 117th most wealthy person in the UK.
The Times has calculated Sullivan’s 51 per cent stake is now worth a cool £400million valuing the club at over £800m. Away from football Sullivan runs three companies – Conegate Ltd, Roldvale Trading Ltd & Gc Co No. 102 Ltd according to the latest Sunday Times Rich List – with net assets of £414m plus a property portfolio worth in the region of £300m.
His property company called Conegate, owns property in London including Russell & Bromley’s flagship shop buildings in Oxford Street near to Bond Street tube station said to worth £55m on it’s own. That building earns £1.325m in rent per year. The 67 year old other investments include race horses, premium phones lines and publishing, including the Sunday Sport which he reacquired for £50,000 in 2011. In the 2015 Sunday Times Rich list the he was credited with an £815m fortune.
The same list ranks fellow co-owner, David Gold’s wealth was estimated at around £300m in 350th place with his daughter Jacqueline Gold but the latest news would mean Gold’s 35.1% stake in West Ham has increased to around £280m on top of his business empire Gold Group International incorporating Ann Summers, Gold Aviation, Knickerbox, Greenwich House Properties and York Place.
Great! …maybe we wont be so restricted by ffp so much anymore lol !, …good on the 2 daves long may it continue! They have been a blessing for our great club! COYI!
As a long life Hammers fan , this is nothing but good news for the Club and all, success breeds success and as Aykay says” Long may it continue” as we all know the modern game is a high stakes business venture first, then the play on the field – But Im sure that there is much more to this than just a simple storey of wealth , a typical new paper report not taking in to account all the business involvements and all the Investments, debts and other outgoings that must be In place , I’m just pleased that the two David’s actually are Hammer Fans and I do believe they want success at our club, I mean what’s the point in life of having all that money and not being able to enjoy it on your passion ???