BillionaireNet
Lewis
Joe Lewis
Rank #545
UNITED KINGDOMfinance-investmentsInvestments

Joe Lewis

Net Worth
$6.97B
+0.12% (24h)
Joseph C. Lewis, born in 1937, is a British businessman and investor, primarily known for his ownership of the Tavistock Group, a global investment firm. He built his wealth through investments and currency trading after selling his family's catering business. Lewis, a resident of the Bahamas, has been involved in various ventures, including real estate, sports (Tottenham Hotspur), and the development of Lake Nona Medical City. Despite his philanthropic efforts, Lewis has faced controversies, including an insider trading conviction in 2024. His net worth is estimated at $7.0 billion.

The Full Dossier

Early Life

Joseph C. Lewis was born on February 5, 1937, to a Jewish family in London, England. He left school at 15 to help run his father's catering business, Tavistock Banqueting. He oversaw the expansion of the business, selling luxury goods to American tourists. He also owned the Hanover Grand nightclub. He sold the business in 1979, which made him a multi-millionaire.

Rise to Success

After selling the family business, Lewis moved into currency trading in the 1980s and 1990s. He moved to the Bahamas, where he is a tax exile. In September 1992, Lewis bet on the pound crashing out of the European Exchange Rate Mechanism, an event dubbed Black Wednesday. In the late 1990s, Lewis took a financial interest in football when his son and Daniel Levy founded the English National Investment Company (ENIC).

Key Business Strategies

Lewis is the main investor in Tavistock Group, a global investment firm that owns over 200 companies in 15 countries. He also owns Albany, a luxurious resort community in the Bahamas, and has made substantial contributions to the development of Lake Nona Medical City in Orlando, Florida. Through Tavistock, Lewis owns Premier League soccer team Tottenham and has a stake in the U.K. pub operator Mitchells & Butlers.

Philanthropy

Lewis has received recognition for his philanthropic efforts, including seeding Lake Nona Medical City with $100 million in gifts and land.

Career Timeline

2024

Insider Trading Conviction

Pled guilty to insider trading charges and was sentenced to probation and a fine.

2007

Bear Stearns Investment

Purchased a 7% stake in Bear Stearns, which resulted in a loss of over $1 billion.

1990s

Became a tax exile

Moved to the Bahamas and became a tax exile.

1979

Sold family catering business

Sold his father's catering business, Tavistock Banqueting, and entered currency trading.

Philanthropic Impact

Healthcare$0.1B

Lake Nona Medical City

Seeded Lake Nona Medical City with gifts and land.

Wealth Trajectory