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Masthaven funder features in The Sunday Times Rich List

A funder of specialist lender Masthaven Bank featured highly in this year’s Sunday Times Rich List of 1,000 individuals in Britain.

Masthaven Bank funders Mark Pears and family came 45th this year, up four spots from last year. They’re now worth £3.3bn, £55m more than last year. The family owns 12,000 properties worth £8bn, through the Telereal Trillium firm.

The Reuben brothers, David and Simon, came second in the list with a worth of £18.664bn, up from fourth spot last year. They made their money in property and investment and last year bought property in London including Mayfair’s £300m Burlington Arcade.

The Sunday Times reads: “So those who say the Rich List is a cosy club with membership for life are wrong. This is capitalism at the sharp end – a dog-eat-dog world where no fortune is completely bulletproof.

“But here’s the paradox: despite the financial pain experienced by some of Britain’s wealthiest folk over the past 12 months, this is still a record year for the Rich List.

“The combined wealth of our 1,000 entrants rises to £771.13bn – up £47.776bn on 2018. Our billionaire count has also risen to a record 151, up six on last year.”

Ranked 14th are The Duke of Westminster and the Grosvenor family who made the majority of their £10.1bn fortune in property. Since the 1700s the family have been building in London. Although they made £136m more than last year they feature four places lower on than 2018’s list.

Joe Hunt, who co-founded estate agents Foxtons in 1981 and sold it 26 years later for £375m, came 108th with a net worth of £1.4bn.

Meanwhile just below him co-founder of Simon Nixon came 110th, worth £1.365bn.

Sir David and Sir Frederick Barclay made their fortune in property, media and internet retailing. They moved down the list from 15th to 17th but are worth £600m more than last year and overall, an incredible £8bn.

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