He had a great ability to make money through buying and selling properties but it all collapsed.
He Welsh businessman Rob Lloyd became one of the richest men in the ukbut from having everything he went on to stay with only 135 dollars in your bank account and having to live in his motor home. He is a former real estate magnate who saw his fortune collapse with the international collapse of 2008.
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He had a great ability to buy houses in ruins, and with a slight investment get a great return on them. In 1998 founded the real estate agency Eatonfield Groupwhich 8 years later began trading on the London Stock Exchange. It was worth 50 million dollars, and the magnate did not deprive himself of any extravagant expenses.
Rob Lloyd
What was Rob Lloyd’s story like?
He began by investing in smaller properties that were in ruins, and with more work than money, he began to resell them after reconstruction and make a lot of money. This is how he was able to found his real estate agency Eatonfield Group in 1998. With this methodology, he continued buying and selling properties, and just 8 years later he managed to get his company listed on the London Stock Exchange.
It was said that “everything he touched he turned into gold.” He Approximate value of his company was 50 million dollarsand at that time he did not deprive himself of anything. He built a horse racing track, bought some of these animals and farms. At that time, it was estimated that His annual salary was $472,000.
From millionaire to beggar: how he lost everything
With the real estate crash of 2008 the problems began. The investments he had to make began to generate more debt than profits, and When 2011 came, his company went bankrupt and was left in ruins. Despite desperate attempts to buy back his company, he lost everything.
He had to sell the racetrack, the horses and the farms. Furthermore, his second marriage failed and he ended up having to live in his motor home in a field with a bank balance of $135. As if that were not enough, in 2019 he discovered that he had cancer, after constantly bleeding from his nose in a London marathon.
He is currently rebuilding his fortune through a company called Bearmont Group, which operates in the same sector as Eatonfield Group, and which he defines as a fairly healthy business.
Source: Ambito