Great news! Another super rich member of that socially useful economic powerhouse delivering monumental benefits to us all – the financial services industry – has just made more money in a few months than you can possibly imagine.
Step forward Stevie Lansdown, Bristol City Chairman and Executive Chairman of Hargreaves Lansdown, whose assets in his company, we learn from Bristol 24-7, have grown by 22% in just 3 months.
Based on FourFourTwo’s Football Rich List, published a couple of months ago, Lansdown’s shares were worth £300m, putting him at number 23 on their list.
Back in August the Hargreaves Lansdown share price was about 220p per share but now it is up around the 290p mark. So the value of his shares have increased by 70p a share – or about 30% – meaning his share is now worth about £400m.
This means Lansdown has effectively increased his wealth in the last few months by more than 6 times as much as the difference (£15m) between selling the land at Ashton Gate as residential (£5m) or selling the land as retail (£20m)!
So ‘No Foodstore = Two weeks earnings’?
Oh – and don’t forget – Lansdown recently paid himself a “tactless” dividend “a bit less than Peter’s”, his business partner. Based on their assets, Lansdown’s haul would have been in the region of £9m then …