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PRIVACY
Economic Development

Rich List 2017: No.9 - Lord Edmiston

Christian property and automotive entrepreneur Lord Edmiston wants to spend more time on charity work as his fortunes continue to grow

Lord Edmiston

Property/Automotive
2017: No.9 - £750m
2016: No.12 - £475m

is quitting the House of Lords to spend more time on his charity work.

He is one of the º£½ÇÊÓÆµ's biggest philanthropic donors and wants to devote more of his time to religious and educational charities.

He set up Christian Vision in 1988, a worldwide charity aiming to help a billion people.

The charity has assets of around £270 million last year, helped by a £25.6 million personal donation from Lord Edmiston.

His Coleshill-based property investment and development group IM Properties continues to perform very well indeed.

Profits went through the £100 million barrier in 2015, up by 242 per cent from the 2014 figure of £42.5 million .

Turnover was up 30 per cent to £164 million despite significant land investments.