Reuben is a UK-based investor who shares interests in technology, real estate and hospitality with his billionaire brother, Simon. The siblings previously owned Global Switch, operator of data centers in Asia and Europe. They have prime real estate across Europe including a London mansion that they bought for more than $200 million.
David Reuben's net worth of $6.75B can buy ...
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The majority of Reuben's fortune is derived from the sale of investments including data center operator Global Switch. Proceeds are adjusted to reflect taxes, market performance and the cost of purchases. Spokesman Charles Stewart-Smith confirmed Simon and David share the businesses equally.
They also have UK real estate, according to a Bloomberg analysis of property records. Their property holdings include the former In and Out Club in London's Mayfair neighborhood that they bought for more than $200 million in 2011. The value of their holdings is based on price data for the relevant London districts published by brokers Savills, Colliers International, real estate data provider IPD and property developer Grosvenor.
The brothers hold a range of closely held investments in transportation, leisure, mining, banking and technology, including airports, pubs, hotels and racetracks. These are valued using reported acquisition costs, valuations of comparable peers or book value and included in his cash balance.
The Reuben family also owns 10% of Newcastle United Football Club, based on an Oct. 8, 2021, Bloomberg News article. Their stake is valued based on the reported purchase price for the soccer club.
David Reuben was born in Mumbai, then called Bombay, in 1938, three years before his younger brother, Simon. The sons of Jewish parents from Iraq, the pair moved to London as teenagers. David became a scrap metal dealer and began trading metal in the Soviet Union with Merrill Lynch in 1974. Three years later, he teamed up with Simon to create metals trader Trans-World Group.
They established a Russian office in 1991, and, with the help of partner Lev Chernoy, bought controlling stakes in Russian and Ukrainian aluminum plants. Five years later, they were the world's third-largest producer of the metal, with sales reaching $6 billion in 1997. The company was criticized by Russia's politicians and media, who attacked Trans-World's profit margins.
Faced with fines from Moscow and disgruntled ex-managers who were maneuvering to take control of their smelters, the brothers sold their interest in the company in 2000 for $250 million to billionaire Oleg Deripaska, and invested the proceeds in real estate, leisure interests and technology companies.
Reuben lives in London with his wife. The couple have a son, Jamie.