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Joe Lewis Net Worth

Joe Lewis net worth
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What is Joe Lewis net worth?

NameJoseph C. Lewis
Net worth$5 billion
Date of birth5 February 1937
OccupationBusinessman and investor.
NationalityBritish

Joe Lewis net worth 2021: Joseph C. Lewis is a British businessman and an investor. He is the principal owner of English Premier league club Tottenham HotSpurs. Joe Lewis as he mostly called has a net worth of $5 billion making him one of the richest EPL owners. Through Tavistock, Lewis owns London Premiere League soccer team Tottenham and has a stake in U.K. pub operator Mitchells & Butlers.

Read The Richest Football Club Owners in the world

Early life

Lewis was born to a Jewish family above a public house in Roman Road, Bow, London. Lewis left school at 15 to help run his father’s West End catering business, Tavistock Banqueting. When he took the reins, he quickly expanded it by selling luxury goods to American tourists, and also owned West End club the Hanover Grand, where he gave Robert Earl his first job. He later sold the business in 1979 to make his initial wealth.

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Currency trading

After selling the family business in the late 1970s, Lewis moved into currency trading in the 1980s and 1990s, resulting in his move to the Bahamas where he is now a tax exile.

 In September 1992, Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active foreign exchange trader.

Property

Lewis hosted the Tavistock Cup tournament every March from 2004 through 2013, in Florida, raising millions of dollars for charity, and owns three of the six clubs that competed in 2013: Albany, Lake Nona Golf & Country Club and Isleworth Golf & Country Club.

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Lewis built a golf community in the Bahamas called Albany, which opened in October 2010. Tiger Woods and Ernie Els are also major shareholders in the luxury resort community located in New Providence. Lewis made a £70 million investment in Bulgarian property development.

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Lewis seeded Lake Nona, covering 7,000 acres next to Orlando’s international airport, with $100 million in gifts and land which was cultivated into a large-scale community offering research and educational facilities, hospitals for veterans and children, a town center, and a range of workspaces and residential options.

Bear Stearns

On 10 September 2007, Lewis paid US$860.4 million in an all-cash purchase of a 7% stake in Bear Stearns. By December 2007 Lewis had raised his stake at the brokerage firm to 9.4%, a total of 11 million shares, for which he paid an average price of $107 apiece. 

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After the purchase of Bear Stearns by JP Morgan for $10 a share, it was estimated that Lewis lost $1.16 billion on his investment.

Tavistock Group

Lewis is the main investor in Tavistock Group, which owns more than 200 companies in 15 countries. Tavistock Group’s portfolio includes:

  • Oil, gas and energy: BayCorp, Pampa Energia
  • Financial services
  • Restaurants: Freebirds World Burrito, Abe & Louie’s, Mitchells & Butlers plc, Zed451
  • Commercial property: Tamar Capital, Bulgarian Property Development
  • Private luxury residential property: Isleworth Golf & Country Club, Lake Nona Golf & Country Club
  • Resort property: Albany, Harmony Cove, The St. Regis Atlanta, Pier Sixty-Six Hotel & Marina.
  • Lake Nona Medical City
  • Life sciences
  • Sports teams: Tottenham Hotspur via ENIC Group. Formerly owned stakes in Glasgow Rangers F.C. and Slavia Prague.
  • Sporting events: Tavistock Cup, Isleworth Collegiate Invitational
  • Manufacturing and distribution: Top Outlet and puma

Joe Lewis Net Worth

Joe Lewis net worth is $5 billion. Joe is a prolific investor who has succeeded in most of the businesses he has ventured into. Contributing to Joe’s net worth also includes;  an art collection is estimated to be worth $1 billion, includes works by Picasso, Matisse, Lucian Freud, and sculptor Henry Moore.

 Lewis bought Francis Bacon’s Triptych 1974–1977 in 2008 for £26.3 million, then a record for postwar artwork bought in Europe. In November 2018 Joe Lewis sold his “Portrait of an Artist (Pool with Two Figures)” by David Hockney in Christie’s salesroom for $90.3 million.

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