David and Simon Reuben: Difference between revisions - Wikipedia

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===Metals business===

In the early 1990s, the brothers invested in the Russian metals market.<ref name=russia>{{cite news |url=https://www.theguardian.com/business/2004/jun/27/russia |title=Pack up your roubles ...|work=[[The Guardian]] |author=Robinson, James |date=27 June 2004 |access-date=13 November 2021}}</ref> When Russian aluminum [[smelter]]s were incapacitated by debt, Reuben's company [[Trans-World Group|Trans -World]] entered into tolling arrangements with factories in which they paid for and delivered raw materials in return for finished aluminum, which it then sold for profit.<ref name=BeharFortune>{{cite news |last=Behar |first=Richard |author-link=Richard Behar |url=https://money.cnn.com/magazines/fortune/fortune_archive/2000/06/12/281972/index.htm |title=Capitalism in a cold climate|language=en |work=[[Fortune (magazine)|Fortune]] |date=12 June 2000 |access-date=13 November 2021 |archive-date=19 October 2014 |url-status=live |archive-url=https://web.archive.org/web/20141019043548/https://archive.fortune.com/magazines/fortune/fortune_archive/2000/06/12/281972/index.htm |quote=The story of Trans World's aluminum empire is filled with bribes, shell companies, profiteers, and more than a few corpses. Then again, in today's Russia, that's pretty much par for the course.}}</ref> The company's investment in Russia was {{USD}}1.5&nbsp;billion ({{GBP}}870&nbsp;million), with global sales in 1995 above {{USD}}8&nbsp;billion.<ref name=russia/> TransWorld was accused of involvement in illegal activities, including several murders.<ref name="ciacc">{{cite news |date=12 June 2000 |title=Capitalism In A Cold Climate |url=https://money.cnn.com/magazines/fortune/fortune_archive/2000/06/12/281972/index.htm#update |url-status=live |archive-url=https://web.archive.org/web/20141019043548/http://archive.fortune.com/magazines/fortune/fortune_archive/2000/06/12/281972/index.htm#update |archive-date=2014-10-19 |access-date=8 October 2018 |work=Fortune Magazine}}</ref><ref name="latynina01">{{cite news |last1=Latynina |first1=Yulia |date=14 November 2001 |title=Parachute Accident Marks End of an Era |url=http://old.themoscowtimes.com/sitemap/free/2001/11/article/parachute-accident-marks-end-of-an-era/250314.html/ |url-status=live |archive-url=https://web.archive.org/web/20190202041651/http://old.themoscowtimes.com/sitemap/free/2001/11/article/parachute-accident-marks-end-of-an-era/250314.html/ |archive-date=2 February 2019 |accessdate=8 October 2018 |work=The Moscow Times}}</ref><ref name="barker08">{{cite news |last1=Barker |first1=Alex |date=2008-10-21 |title=Osborne on the Oligarchs |url=https://www.ft.com/content/55fc29ca-1d20-3932-9bb1-ef66b1e1ce97 |url-status=live |archive-url=https://web.archive.org/web/20220824101609/https://www.ft.com/content/55fc29ca-1d20-3932-9bb1-ef66b1e1ce97 |archive-date=2022-08-24 |access-date=24 August 2022 |work=Financial Times}}</ref> The brothers were involved with several members of the country's new [[oligarchy]], including [[Roman Abramovich]].<ref name=russia/> They settled a multimillion-pound legal dispute with [[Oleg Deripaska]] with a settlement being awarded to [[Reuben Brothers]].

In 1997, Russia's Interior Minister [[Anatoly Kulikov]] linked both the [[Michael Cherney|Cherney]] brothers and Reuben brothers to the [[Izmaylovskaya gang|Izmaylovskaya mafia]] led by [[:ru:Малевский, Антон Викторович|Anton Malevsky]] in Israel. In March 1998, [[Boris Yeltsin]] replaced Kulikov as minister.<ref name=BeharFortune/>

In 2008, the Reuben brothers returned to the commodity business, expanding their mining interests with a portfolio of mines in [[Morocco]], [[Indonesia]], and South Africa.<ref name="yahoo2014"/>{{dead link|date=November 2021}}

===Present activities===

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====Aldergate Investments====

{{BLP unsourcedunreferenced section|date=November 2021}}

The Reuben Brothers invested in luxury leisure group [[Belmond (company)|Belmond Ltd]] in 2007, and sold their share in 2019 for £233&nbsp;million.<ref>{{Cite web |last=Hodgson |first=Joanna |date=2019-01-16 |title=Payday for Reuben brothers after selling out of Belmond |url=https://www.standard.co.uk/business/payday-for-reuben-brothers-after-selling-out-of-belmond-a4040556.html |access-date=2023-01-16 |website=Evening Standard |language=en}}</ref> Other holdings include [[Travelodge Hotels]]; D2 Jeans and [[Blue Inc]] clothing retailers, with retailer [[Sir Stuart Rose]]; Luup and [[Metro Bank (UK)|Metro Bank]]; The Wellington Pub Company, the largest free-of-tie pub estate in the UK with approximately 850 tenanted pubs; Global Switch, the carrier data centre provider in Europe and the Asia-Pacific region; and a joint venture with [[British Marine]], that in 2014 had eight vessels with plans to double the fleet size.<ref name="yahoo2014"/>{{dead link|date=November 2021}}

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| 2008<ref name="strl2008">{{cite news |url=http://business.timesonline.co.uk/tol/business/specials/rich_list/article3822711.ece |archive-url=https://archive.today/20080518033830/http://business.timesonline.co.uk/tol/business/specials/rich_list/article3822711.ece |url-status=dead |archive-date=18 May 2008 |title=Rich List reveals wealthy reap profits under Labour |work=[[The Sunday Times]] |date=27 April 2008 |editor1=Beresford, Philip |editor1-link=Philip Beresford|url-access=subscription }}</ref><ref name="Forbes-2008">{{cite news |url=https://www.forbes.com/lists/2008/10/billionaires08_David-Simon-Reuben_IWRB.html |title=#178 David & Simon Reuben |work=[[Forbes]] |date=5 March 2008 |access-date=9 June 2015 }}{{failed verification|date=November 2021}}</ref>{{failed verification|date=November 2021}}

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| 2009<ref name="strl2009">{{cite news|url-access=subscription |url=http://business.timesonline.co.uk/tol/business/specials/rich_list/article6169048.ece |archive-url=https://web.archive.org/web/20090502101049/http://business.timesonline.co.uk/tol/business/specials/rich_list/article6169048.ece |url-status=dead |archive-date=2 May 2009 |title=Sunday Times Rich List: Bonfire of the billionaires wipes out £155bn fortune |work=[[The Sunday Times]] |date=26 April 2009 |editor1=Beresford, Philip |editor1-link=Philip Beresford }}</ref><ref name="Forbes-2009">{{cite news |url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_David-Simon-Reuben_IWRB.html |title=#98 David & Simon Reuben |work=[[Forbes]] |date=11 March 2009 |access-date=9 June 2015 |archive-date=9 March 2016 |archive-url=https://web.archive.org/web/20160309195529/http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_David-Simon-Reuben_IWRB.html |url-status=dead }}</ref>

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| 2010<ref name=Rubble>{{cite news |url=http://business.timesonline.co.uk/tol/business/specials/rich_list/article7107182.ece |archive-url=https://web.archive.org/web/20110611214558/http://business.timesonline.co.uk/tol/business/specials/rich_list/article7107182.ece |url-status=dead |archive-date=11 June 2011 |title=The Sunday Times Rich List 2010: Rising from the rubble |work=[[The Sunday Times]] |date=25 April 2010 }}</ref><ref name="Forbes-2010">{{cite news |url=https://www.forbes.com/lists/2010/10/billionaires-2010_David-Simon-Reuben_IWRB.html |title=#93 David & Simon Reuben |work=[[Forbes]] |date=10 March 2010 |access-date=9 June 2015 }}{{failed verification|date=November 2021}}</ref>{{failed verification|date=November 2021}}

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