Stephen Lansdown, Billionaire Owner of Bristol City Football club

Stephen Lansdown Net Worth $1.5 Billion

This billionaire is ranked number 731 in Forbes List of the World’s Billionaires.  He is a self-made man who has amassed his wealth in financial services. In 1981, he and his former business partner, Peter Hargreaves, started their Bristol based firm: Hargreaves Lansdown in a spare bedroom from which they traded.

stephen lansdown

In 2010, Lansdown relocated to the English Channel island of Guernsey to reduce his tax burden. He explained that he felt that he had paid his fair share of taxes in the United Kingdom and it was therefore time to pay less tax on the island that is considered a tax haven. Later in 2012, he stepped down as non-executive director of the firm.

The following year, he sold 5.5 million of his shares reducing his stake in the firm from 20.5% to 18.9%. This was one very smart move as it netted him over £53 million. Lansdowns’ interests are not only in the financial sector, he is the main shareholder of Bristol City Football club.

In fact, in January 2014, he bailed out the team that was facing serious financial difficulties. He is also a shareholder in Bristol Rugby Club.

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References:

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CelebrityNetWorth (The ultimate site for net worth of celebrities)

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