Report: Spurs owner Joe Lewis suffers sizeable wealth drop

Tottenham Hotspur owner Joe Lewis has seen his personal fortune fall in the latest figures published by Forbes (as reported […]

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Tottenham Hotspur owner Joe Lewis has seen his personal fortune fall in the latest figures published by Forbes (as reported by Football.London).

Lewis owns Tavistock Group, which has investments in more than 200 companies across 13 countries, one being ENIC which holds the majority stake in Tottenham.

The business tycoon has reportedly seen his wealth drop for two years in a row. Lewis’ wealth was estimated at $5.6 billion (£4.6 billion) in March 2017, which dropped to $5billion (£4.1 billion) last year.

It has now once again experienced a considerable drop this year, with Forbes estimating the Spurs owner to be worth $4.7 billion (£3.9 billion).

As substantial as the drop is, the report by Football.London reveals that Lewis has experienced worse hits in the past with the 83-year-old said to have lost around a third of his wealth when American bank Bear Stearns collapsed during the financial crisis of 2008.

However, this might be a temporary drop as it is said that one of the Tavistock Group’s biggest current projects, Lake Nona, a 17-square-mile, 7,000-acre community, is one of the fastest-growing areas in the United States.

Spurs Web Opinion

Owners of almost all football clubs will have seen their net worth take a hit amidst the virus. It could take years before the world economy recovers completely from the effects of the pandemic, and football certainly isn’t immune to the problem.

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