[Albion] Tony Bloom on the 2023 Sunday Times Rich List

[dazzer6666]

We’ve had this debate before (probably every year ). The list is mostly guesswork……..when I worked in private banking we had several clients who were on the list. The numbers were invariably laughably inaccurate.

I don’t know anything about the Bloom wealth specifically, but many like him keep the vast majority very private and structured so it remains that way - there is no way some intern working at The Times is going to have a scooby about it.

 

[Tom Hark Preston Park]

We’ve had this debate before (probably every year ). The list is mostly guesswork……..when I worked in private banking we had several clients who were on the list. The numbers were invariably laughably inaccurate.

I don’t know anything about the Bloom wealth specifically, but many like him keep the vast majority very private and structured so it remains that way - there is no way some intern working at The Times is going to have a scooby about it.

Yup, this. If the true extent of TB's wealth were in the public domain, some dullard would 'of' unearthed it by now

 

[amexer]

How do they get the info to come up with this figure or is it guesswork. Dont think he is even named as a director on Star Lizard public details

 

[dazzer6666]

How do they get the info to come up with this figure or is it guesswork. Dont think he is even named as a director on Star Lizard public details

Varies from person to person…..some are easy to come up with numbers for (companies that have gone public so shareholdings can be easily valued etc), others they dig around various sources - a quick google will show various numbers for Bloom, none of which are anywhere near what they’re using. In their own words :


The Sunday Times Rich List 2023 is based on our estimates of the minimum wealth of Britain’s 350 richest people or families. The valuations were carried out between February 1 and May 1, 2023.

The compilers of the Rich List measure identifiable wealth, whether land, property, racehorses, art or significant shares in publicly quoted companies. We exclude bank accounts to which we have no access and small shareholdings in a private equity portfolio. The actual size of their fortunes may be much larger than our conservative figures.

We remain cautious regarding liabilities. Where companies have been involved in talks with banks over debt levels, we have cut the owners or large stakeholders out of the list until the situation is resolved. Where profits and assets

 

[Mellotron]

£500m

 

[Taybha]

Wonder what it's like to nip to the cash point to get a tenner out for your 4 cans of Kestrel and when it says do you want to see your balance you see 500 million sitting there! I'd be buggered if I'd take out the tenner i wouldn't be a half billionaire anymore.

 

[jakarta]

This ST rubbish gets put into the bin straight away by me every year - why do they print it?

 

[portlock seagull]

If TB is worth £500m having spent £500m on the Albion.
TB has exactly the same financial accum as me with regard to cooked breakfasts.

It's unlikely me and Mr Bloom have any financial common ground.

(…”cooked breakfasts”) Genuinely made me LOL! Priceless comment, NSC at its very best. Cheers SB, you’ve made me laugh so many times on here - never change SB, never change!!

 

[Weststander]

Where someone has interests overseas and owns a load of real estate in this country, The Sunday Times and Forbes will never have the foggiest.

They would not have the resources or access, to be able to quantify privates assets where not listed company shares.

 

[Weststander]

The majority of people on that list are only on it because they want to be, with far richer people not appearing at all if they don't want to. Which is why TB hasn't been on there before IIRC (or seeing re-entry, maybe once or twice) despite being way beyond the criteria for years.

Unfortunately, with the rise of the Albion, some junior has obviously said 'well I read that Tony Bloom has spent £250M on Brighton' and someone slightly less junior has replied 'well if that's public knowledge, better stick him in there then, say £500M'. It's just a long list of wild guesses.

If you've got properties, businesses and investments, chances are you don't know how much you're worth. There is no way that TB knows, let alone the Sunday Times

 

[WATFORD zero]

I suspect that a significant proportion of the population couldn't tell you their net worth.

Me and Mrs Wz have one property which we bought 30 years ago. It's probably doubled in size but we've never had it valued. We have a couple of pensions, a fair number of investments which I actually review regularly, interests in two businesses and some bits and pieces (classic car, vintage musical instruments, watches, a few bits of jewellery etc none of which we've ever had valued).

I'm fairly confident I could guess our net worth to within 20% either way. There is no way that TB would be able to estimate his net worth with that sort of accuracy

I guess I'll find out when I die

 

[Sid and the Sharknados]

I suspect that a significant proportion of the population couldn't tell you their net worth.

Me and Mrs Wz have one property which we bought 30 years ago. It's probably doubled in size but we've never had it valued. We have a couple of pensions, a fair number of investments which I actually review regularly, interests in two businesses and some bits and pieces (classic car, vintage musical instruments, watches, a few bits of jewellery etc none of which we've ever had valued).

I'm fairly confident I could guess our net worth to within 20% either way. There is no way that TB would be able to estimate his net worth with that sort of accuracy

I guess I'll find out when I die

Comparing my mortgage, bank balance (i.e. overdraft), and approximate current house value, I feel confident at placing my current worth at....
£0.
On the plus side, I think my work pays some money out if I'm killed, so that's something.

 

[WATFORD zero]

Comparing my mortgage, bank balance (i.e. overdraft), and approximate current house value, I feel confident at placing my current worth at....
£0.
On the plus side, I think my work pays some money out if I'm killed, so that's something.

When I was working, I was worth waaay more dead than alive. Luckily Mrs Wz never found out

 

[dazzer6666]

When I was working, I was worth waaay more dead than alive. Luckily Mrs Wz never found out

Same here - the day I left I told Mrs D she'd messed up, very badly.

 

[Sid and the Sharknados]

When I was working, I was worth waaay more dead than alive. Luckily Mrs Wz never found out

Maybe I'll start a "best way to fake my own death" thread.

 

[Stat Brother]

Maybe I'll start a "best way to fake my own death" thread.

Move to East Sussex?

 

[Sid and the Sharknados]

Move to East Sussex?

If growing up in Newhaven didn't kill me, I think I'll be ok.
I could move to west Sussex and claim to have died of boredom.

 

[Paulie Gualtieri]

This ST rubbish gets put into the bin straight away by me every year - why do they print it?

They will probably stop once they’ve convinced you to start recycling

 

[Weststander]

I suspect that a significant proportion of the population couldn't tell you their net worth.

Me and Mrs Wz have one property which we bought 30 years ago. It's probably doubled in size but we've never had it valued. We have a couple of pensions, a fair number of investments which I actually review regularly, interests in two businesses and some bits and pieces (classic car, vintage musical instruments, watches, a few bits of jewellery etc none of which we've ever had valued).

I'm fairly confident I could guess our net worth to within 20% either way. There is no way that TB would be able to estimate his net worth with that sort of accuracy

I guess I'll find out when I die

I’m not into getting home valuations (although Mrs.W has wasted agents time before), this is probably our home for good. We do get an idea because one side us, not our doing , keeps being sold. Should we live here, touch wood, for many more decades … its value is meaningless.

We possibly could’ve bought a cheap BTL at some stage and quintupled that asset value. But as Midge Ure said, no regrets. By friends/clients who did have made a packet, but loath the conveyor belt of repairs and other issues.

 

[Giraffe]

I would say to "invest" £500m in a football club money pit you must comfortably have started with £2bn.