John Terry makes huge profit on Surrey property sale

John Terry's house

John Terry has an eye for the fortune to be made in property, but even he would admit he's had a stoke of good luck - making an astonishing £20 million profit from two neighbouring properties in Oxshott, Surrey.

So how did he do it? Which other celebrities have made a property fortune? And who seems to lack the Midas touch?%VIRTUAL-SkimlinksPromo%

John Terry

Terry bought two neighbouring houses. According to Zoopla, the first (pictured) cost him £2.25 million in 2003, and he sold it last year for £5.25 million - a £3 million profit.

The second was a £1.85 million property next door. The Daily Mirror reported that he bought it in 2007 and remortgaged the first house to pay for an astonishing £4.65 million worth of work. In the process he transformed it into nine bedroom, eight bathroom super-mansion, complete with a cinema room, steam room and staff accommodation.

The idea was to live in the spectacular property with his family, and it wasn't on the market. However, he received an offer out of the blue for £16 million from an overseas buyer - which is roughly twice the price of the most expensive property in the area. The two deals mean he has made over £20 million from property.


He's not the only celebrity to have made a fortune from property.

Nick Ross, the former Crimewatch presenter, is classic example. He bought a house in Notting Hill for £950,000 in 1993, and sold it last year for £35 million. He has since bought a £17 million mansion near Hyde Park, and plans to spend £10 million demolishing much of it and rebuilding a modern mansion. Optimistic estimates claim it could eventually be worth £40 million - leaving him with a property worth £39 million more than he started with - plus £8 million in change.

Billy Joel is another major beneficiary from the rising price of property. Last year he sold his New York penthouse for $11.3 million. He had bought it in 1998 for £1.6 million. He also made $500,000 selling the Miami property he has owned for eight years, and has plenty left in his portfolio.

A few months ago Madonna sold the Beverly Hills mansion she had shared with Guy Richie for £12 million - a £7 million profit in a decade. She still has mansions in New York and London.


However, things don't always work out so well for the stars.

Last Year Robbie Williams sold his Beverly Hills home at a $500,000 loss -for $3.2 million. He also has his Wiltshire mansion on the market, but despite spending £8.1 million on it in 2009, he's asking for just £5.5 million.

Britney Spears bought her Beverly Hills home in 2007 for $6.8 million She first listed it two years later for $7.9 million, but ended up selling in 2012 for $4.5 million after six price cuts.

Rihanna sold her Beverly Hills home in 2011 for $5.03 million. She had paid $6.9 million for it two years earlier.

And for some celebrities things have been even worse. Last year singer R Kelly lost his home. It was bought by the bank for $950,000 - despite the fact it was once worth $5 million.

The richest self-made Brits
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John Terry makes huge profit on Surrey property sale

The Monaco-based billionaire is said to be worth more than £4.2bn, with Topshop and Topman among the country's most successful brands. His first job, aged 12, was working for a shoe importer. He set up his first business at 15 with a £20,000 loan, on-selling imported jeans from the Far East to London-based retailers.

Branson's first successful business venture came in 1976 when he set up Student magazine aged just 16. In 1970, he founded a mail-order record retailer and within a year had opened his first shop on London's Oxford Street – Virgin Records. His fortune is estimated at £3.085 billion, according to the Sunday Times rich list.

The inventor gave his name to the household vacuum cleaner that would make him a fortune of £1.45 billion. James Dyson first reinvented the vacuum cleaner with the launch of his dual cyclone bagless 'G-Force' cleaner in 1983, followed more recently by the hand dryer and the fan. In 1997, Dyson was awarded the Prince Phillip Designers Prize, and elected a Fellow of The Royal Academy of Engineering in 2005.

Founder of Specsavers, Bristol-born Dame Mary Perkins is Britain's first female self-made billionaire, reportedly worth £1.15 billion. The 67-year-old and her husband Douglas, 68, founded the eye-care company in 1984 and they can now boast more than 900 stores across Britain. Perkins was made a Dame Commander of the Order of the British Empire in 2007 as recognition for her work.

Recently retired Beckham is the highest earner in British sport, according to the Sunday Times Sport Rich List. 'Brand Beckham' that has seen the 38-year-old amass a fortune of £165 million from endorsement deals and salary payments from his company, Footwork Productions, over the last decade. But Beckham is still some way off the richest sportsman in the world - golfer Tiger Woods, who is worth a staggering £570m.

Yorkshire Tory peer Lord Kirkham entered the billionaire league in 2010 when he sold his furniture company, DFS, for a reported £500m. In 41 years, Kirkham grew the brand, which started on the outskirts of Doncaster, to 79 stores, three factories and more than 2,600 staff. He received a Knighthood in 1995, a Peerage in 1999 and a CVO in 2005. He now owns a large share in Iceland supermarkets and is worth a reported £1.1billion.

The former Beatle takes the top spot in the Sunday Times Rich List of musical millionaires, sharing a £680 million fortune with his wife Nancy Shevell. McCartney has topped the list of wealthy musicians every year since it was formed 1989 when his fortune was estimated at £80 million.

The chairman of Carphone Warehouse and Talk Talk, Essex-born Dunstone, 46, started his retail empire selling mobile phones from his west London flat in 1989. His fortune rose by £396 million to £1 billion in a year, after the demerger of Carphone Warehouse and Talk Talk. Carphone Warehouse is Europe's largest independent mobile phone retailer and Dunstone was awarded a Knighthood in 2012 for services to the mobile communications industry.

Author of the hugely successful Harry Potter series, Joanne Kathleen Rowling, has a net worth of £560 million – making her the world's richest author. Rowling wrote the first Potter books on a manual typewriter while a single mother living on benefits. The manuscript for the first Harry Potter novel was rejected by 12 publishers and when finally accepted, Rowling received an advance of just £1,500. Harry Potter is the highest-grossing film series of all-time and the brand has been estimated to be worth as much as £10 billion.

East-ender Lord Sugar, best known for his no-nonsense judging on BBC1s The Apprentice, started his career at 16, selling car aerials and electrical goods out of a van he had bought with savings of £50. In 1968 at the age of 21, Sugar started home electronics company, Amstrad (short for Alan Michael Sugar Trading). By the age of 40 he was worth about £600m. Sir Alan sold Amstrad in 2007, and is now worth a reported £770m, with much of his wealth coming from his extensive property empire.


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