Bloomberg Billionaires Index

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#210 Charles Gerald John Cadogan $7.53B

Random fact: President of Freemasons in England and Wales from 1999 to 2004.

Overview

Cadogan is the chairman of Cadogan Group, a closely held real estate company that controls more than 90 acres of London property. The estate had a market value of 6 billion pounds ($7.3 billion) on Dec. 31, 2016. It's belonged to his family since 1717. The billionaire is an eighth-generation descendant of the first Earl Cadogan.

As of Oct. 17, 2017:
Last change No change
YTD change +$600M (+8.7%)
Industry Real Estate
Biggest asset Cadogan Group
Citizenship United Kingdom
Age 80
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Charles Gerald John Cadogan's net worth of $7.53B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Cadogan's fortune is derived from his stake in Cadogan Group, his family's property development investment and fund management business. The company controls about 93 acres of land in London's Chelsea neighborhood, which had a market value of 6 billion pounds ($7.3 billion) on Dec. 31, 2016, according to valuations prepared by chartered surveyors for the company's 2016 annual report. 

The dollar value used in this analysis reflects the exchange rate on Oct. 10, 2017. The company has borrowings of 620 million pounds, according to its annual report, which are deducted from the valuation. Cadogan is credited with the entire estate as his title gives him control of his family's assets, according to a 2012 article in the Times of London.

Cash holdings are valued based on an analysis of dividends, market performance, insider transactions, taxes and charitable contributions.

Cadogan's Snaigow estate in Perthshire, Scotland, covers 3,900 acres. Its value is based on agricultural land values detailed in a survey of U.K. agricultural land by property broker Savills in 2017.

Biography

Birthdate: 3/24/1937
Family: Married, 3 children

Charles Cadogan was born in 1937 and educated at Eton College, a U.K. boarding school. He completed two years of national service with the British Army before joining merchant banker Schroder Wagg in London. He married Lady Philippa Wallop in 1963, with whom he had three children. She died in 1984. Five years later, he wed Jennifer Rae, a cook at the London members' club he frequented. They divorced in 1994, the same year he married a nurse, Dorothy Ann Shipsey.

The foundations of the Cadogan estate date back to 1717, when a Cadogan ancestor married Elizabeth Sloane, the daughter of Hans Sloane, a physician to the royal family who owned 166 acres of Chelsea land in London. Most of this real estate was inherited by the titled Cadogan family when Hans Sloane died in 1753. It has formed the basis of the family's wealth and been passed down through seven generations.

Cadogan inherited the estate -- and the title of eighth Earl Cadogan -- when his father died in 1997. He gained control of the family's property holding company, Cadogan Group, in 1974, and as chairman oversaw a number of developments, including the purchase of the Duke of York Headquarters army barracks in 2000. The Chelsea site was redeveloped to include housing, retail outlets and the Saatchi Gallery. Concert venue Cadogan Hall was refurbished and reopened in 2004 and is now the permanent home of the Royal Philharmonic Orchestra.

Earl Cadogan retired as chairman of Cadogan Group in 2012 and was succeeded by his son, Viscount Chelsea.

Milestones
  • 1937 Charles Gerald John Cadogan, now the Earl Cadogan, is born.
  • 1974 Takes on management of family property portfolio.
  • 1981 Starts two-year tenure as chairman of Chelsea soccer club.
  • 1997 Inherits title upon father's death and becomes the 8th Earl Cadogan.
  • 1999 Elected president of the Freemasons in England and Wales.
  • 2000 Buys Duke of York's headquarters in Chelsea.
  • 2004 Reopens Cadogan Hall after buying the Chelsea concert venue in 2000.
  • 2012 Steps down as chairman of Cadogan Group after more than 30 years.