Cyprus Mail

Cypriots shine in Sunday Times rich list

Stelios Haji-Ioannou

By Andria Kades

CYPRIOTS are not only included in this year’s Sunday Times Rich List but they rank high in the top 200 of the 1,000 wealthiest people in the United Kingdom.

It comes as no surprise to see Sir Stelios Haji-Ioannou, founder of easyJet, at number 36 with a worth of £2.76bn. The Greek Cypriot serial entrepreneur raised in Athens, who set up Stelmar shipping aged 25, fell three places compared to last year with a £20m drop.

Chris Lazari, a 69-year-old property mogul who moved to the UK at 16 in search of a better life, jumped 24 places to 65 with a £1.45bn in worth. He left Cyprus after he found out he was adopted and saved money from washing dishes and working as a waiter in London where he studied fashion design. He then moved to property and investment in various parts of London.

In third place amongst the Cypriot richest is Alki David and the Leventis family. The 46-year-old, born in Nigeria and currently travelling between the UK and Los Angeles, has a value of £1.25bn ranking at 80th place, a £150m drop from last year’s 60th place. Heir to his father’s Coca Cola Hellenic bottling plant, he is the founder of FilmOn, an Internet-based television provider and has appeared in several TV series.

John Christodoulou, 49, who runs the Yianis Group was 93rd with £1.1bn, a £242m increase from last year’s 116th place. He moved with his family to the UK after the 1974 Turkish invasion and is now one of the largest freeholders in Canary Wharf with assets in the Four Seasons and, according to reports, owns 2,000 residential and commercial properties in central London as well as land in Brazil, New York apartments, Manchester’s Hilton Tower and the Liverpool Radisson Blu hotels.

George Logothetis was a new entry in this year’s list at 172 with £650bn. Born in London and now based in New York, the 40-year-old began working at his father’s shipping company Lomar, at 18 and became the CEO two years later. He then proceeded to form Libra Group in 2003.

The richest man to top the Sunday Times list was Len Blavatnik with a whopping £13.7bn fortune. The 57-year-old Ukrainian born American owns Warner Music and has stakes in oil and aluminium industries.

Sri and Gopi Hinduja brothers, who run the global conglomerate Hinduja Group, fell to second place this year with £13bn.

The Queen has dropped out of the top 300 for the first time.

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