How much is Paul Kemsley worth?
|Real Estate Developer
|Date of Birth:
|August 17, 1967
About Paul Kemsley
The Real Housewives of Beverly Hills on Bravo is where Paul Zeital “PK” Kemsley first gained notoriety as Dorit’s husband. after serving as an agent with Ross Jaye Commercial Real Estate. He made the decision to quit in 1992 and join his old friend Ashley at Sports Direct, where he contributed to the group’s growth.
By 1995, Kemsley was ready to launch his own company, so he used “the £1,800 he had left in his pocket.” to launch a property and securities company. This was the British investment firm ENIC Group’s Joe Lewis and Spurs chairman Daniel Levy’s Rock Joint Ventures Ltd. Rock was a real estate developer, investor, and land trader with a focus on commercial and residential properties. It also had a private hedge fund that specialized in acquiring strategic holdings in publicly traded firms. One of its most well-known transactions was the sale to the chairman of Countryside Properties plc of a 28% stake for a profit of £12 million in 2004.
Kemsley was well known for being a competitive participant in the real estate industry. His most lucrative real estate transaction was the £40 million purchase in May 2006 of the City of London office building 27-35 Poultry. Within five months, he sold it for £72 million to a former Russian government minister. He has made profitable investments in a number of online bookmakers, including Party Gaming, Betex, which holds a license from China, and FUN Technologies, which is listed on AIM.
According to the 2008 Sunday Times Rich List, he had an estimated personal net worth of £180 million and was known for actively supporting a number of charity organisations.
Legends 10, Kemsley’s management company, anticipates $30 million in endorsement and licensing income and has negotiated contracts worth $100 million.