Reuben brothers' extraordinary wealth revealed as Newcastle United owner Mike Ashley adds £789m to personal fortune

Mike Ashley’s personal fortune has soared during the coronavirus pandemic, according to the Sunday Times’s Rich List.
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Ashley – who is trying to push through a £300million sale of Newcastle United to a consortium led by financier Amanda Staveley and backed by Saudi Arabia’s sovereign wealth fund – is the founder and majority owner of the Frasers Group retail empire.

And the Sunday Times claim that his personal fortune has risen £769million to £2.718billion over the past 12 months. This puts him No.61 on the list of the country’s wealthiest people, up 14 places from last year.

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Meanwhile, David and Simon Reuben, part of Staveley’s takeover consortium, have increased their wealth by £5.465billion to £21.465billion over the same period.

The Reuben brothers – who embarked on a buying spree during the pandemic, and snapped up undervalued properties and hotels – are second in the list. They hope the takeover of United can be resurrected.

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