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Joe Lewis: from Bow to beaux-arts Joe Lewis: from Bow to beaux-arts
(5 months later)
British tycoon Joe Lewis, 79, made his fortune as a currency speculator and has a total wealth estimated at $5.4bn, according to Forbes, which lists him as the 248th richest person in the world.British tycoon Joe Lewis, 79, made his fortune as a currency speculator and has a total wealth estimated at $5.4bn, according to Forbes, which lists him as the 248th richest person in the world.
Born above a pub in Bow, east London, he left school to work in his father’s cafe, which he quickly expanded into a chain of themed restaurants. He also owned the Hanover Grand, a West End nightclub.Born above a pub in Bow, east London, he left school to work in his father’s cafe, which he quickly expanded into a chain of themed restaurants. He also owned the Hanover Grand, a West End nightclub.
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After selling the family catering business in the late 70s, he moved into currency trading and to the Bahamas. He famously has screens monitoring exchange rates in many of the rooms of his Albany home.After selling the family catering business in the late 70s, he moved into currency trading and to the Bahamas. He famously has screens monitoring exchange rates in many of the rooms of his Albany home.
He is the main investor in the Tavistock Group, which owns more than 200 companies in 15 countries, including Premier League football club Tottenham Hotspur, a number of exclusive resorts, restaurants, commercial and luxury residential properties, oil, gas and energy interests and the Mitchells and Butlers pub group.He is the main investor in the Tavistock Group, which owns more than 200 companies in 15 countries, including Premier League football club Tottenham Hotspur, a number of exclusive resorts, restaurants, commercial and luxury residential properties, oil, gas and energy interests and the Mitchells and Butlers pub group.
Lewis lost an estimated $1.16bn – reportedly then a third of his fortune - in the 2007 collapse of the American bank Bear Stearns after spending £600m ($1.2m) to build a near 10% stake in the bankLewis lost an estimated $1.16bn – reportedly then a third of his fortune - in the 2007 collapse of the American bank Bear Stearns after spending £600m ($1.2m) to build a near 10% stake in the bank
One of his great passions is art, and he owns work by Picasso, Chagall, Matisse, Lucian Freud, Henry Moore and Francis Bacon. His 220ft super yacht Aviva is due to be replaced this year with a new 300-footer complete with an indoor paddle tennis court.One of his great passions is art, and he owns work by Picasso, Chagall, Matisse, Lucian Freud, Henry Moore and Francis Bacon. His 220ft super yacht Aviva is due to be replaced this year with a new 300-footer complete with an indoor paddle tennis court.
He has a daughter and a son from his first marriage to Esther, a former waitress in his parents’ cafe.He has a daughter and a son from his first marriage to Esther, a former waitress in his parents’ cafe.