David and Simon Reuben have been ranked second in The Sunday Times' 2021 Rich List with an estimated fortune of more than £21b.
The billionaire brothers’ property and internet empire includes the former Curtain hotel in London’s Shoreditch, of which they acquired the freehold in 2018 and which is set to reopen as the Mondrian Shoreditch this summer (pictured).
Their portfolio of hotels across England also includes the Lingfield Park Marriott Hotel & Country Club and the 154-bedroom Hilton Garden Inn at Doncaster Racecourse. Their wealth has increased by £5.47b since last year’s Rich List.
The brothers have also commenced construction on the Piccadilly Estate to create a five-star, 102-key Mayfair hotel overlooking Green Park with a 2,360 sq ft grand ballroom, restaurant, bars, a spa, pool and gym, and seven residential apartments.
They also own the freehold of several properties on Poland Street in London’s Soho, which are due to be demolished and redeveloped into a 118-key hotel that will be operated by Shiva Hotels.
Other hospitality investors and operators on The Sunday Times Rich List 2021 included:
- Charlene de Carvalho-Heineken and Michel de Carvalho, £12.01b, inheritance, brewing and banking (hospitality: Heineken)
- Sir Henry Keswick and family, £6.47b, property, retailing and hotels (hospitality: Mandarin Oriental Hotel Group
- Sir Jim Ratcliffe, £6.33b, chemicals: Ineos (hospitality: Lime Wood Group and Home Grown Hotels)
- Ian and Richard Livingstone, £6.1b, property and gambling: Evolution (hospitality: L+R Hotels including Iconic Luxury Hotels, whose portfolio includes Cliveden House and Chewton Glen)
- The Barclay family, £6b, property, media and internet retailing (hospitality: the Beaumont hotel, London)
- Mohsin and Zuber Issa, £4.68b, fuel distribution and supermarkets (hospitality: Leon Restaurants, Stanley House hotel
- Sir Richard Branson and family, £3.79b, transport, finance and fitness clubs (hospitality: Virgin Hotels)
- Glenn Gordon and family, £3.6b, spirits: William Grant & Sons
- Alejandro Santo Domingo and Lady Charlotte Wellesley, £2.4b, inheritance, brewing and investment (hospitality: AB InBev)
- Peter Harris and family, £1.53b, hotels and caravan parks (hospitality: Bourne Leisure)
- Poju and Anita Zabludowicz, £1.5b, property and hotels (hospitality: Las Vegas’ Plaza Hotel & Casino)
- Raj, Tony and Harpal Matharu and family, £1.3b, property and hotels (hospitality: Grange Hotels)
- Richard Caring, £1.01b, restaurants and property (hospitality: Caprice Holdings)
- Christina Ong and family, £1b, retailing and hotels (hospitality: Como Hotels & Resorts)
- Ursula Bechtolsheimer-Kipp, £1b, inheritance and hotels (hospitality: Tschuggen Hotel Group)
- The Earl of Iveagh and the Guinness family, £934m, brewing and property
- Sir Peter, James and Steve Rigby, £775m, computers, aviation and hotels (hospitality: Eden Hotel Collection)