David and Simon Reuben Biography
The brothers were born in Bombay, British India, as the sons of Baghdadi Jewish parents David Sassoon Reuben and Nancy Reuben. The brothers moved to London with their mother, Nancy, in the 1950s and lived in Islington, having previously run various businesses across the Indian Subcontinent from their bases in Bombay and Baghdad. Simon never finished his formal education, despite attending state schools. Simon was born in 1944, while David was born in 1941.
David and Simon Reuben Career
British businessman David Reuben and Simon Reuben are of Indian descent. With a net worth of £16 billion, they were ranked as the second richest family in the UK by the Sunday Times Rich List in May 2020.
Simon began his career in carpets while David worked in scrap metals. During the 1970s and 1980s, the brothers increased their wealth through metals and property trading.
The Reuben brothers returned to the commodity business in 2008, expanding their mining holdings with mines in Morocco, Indonesia, and South Africa. By the year 2000, the brothers had sold all of their Russian assets and were concentrating their efforts on the UK property market.
On 14 April 2020, it was revealed that an agreement had been reached between incumbent owner Mike Ashley and a prospective buying consortium comprised of Reuben Brothers, Amanda Staveley’s PCP Capital Partners, and the Public Investment Fund of Saudi Arabia to transfer ownership of Newcastle United Football Club.
David and Simon Reuben Personal Life
David Reuben is married to Debra and they have two sons together; David Jnr and Jamie.
Simon Reuben is also married to Joyce and have a daughter; Lisa.
The Reuben Foundation, the family’s philanthropic vehicle, is dedicated to the advancement of healthcare and education.
In honor of their mother, the family established the Nancy Reuben Primary School, an independent Jewish day school in Hendon.
David and Simon Reuben Net Worth
According to the Sunday Times Rich List 2020, David and Simon Reuben and their combined family were worth £16 billion, a £2.664 billion decrease from the previous year. As a result, they became Britain’s second wealthiest family.