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Bruce Weir Ritchie (born February 1965) is a British property developer and residential landlord, and the owner of the Residential Land Group.
Bruce Ritchie | |
|---|---|
| Born | Bruce Weir Ritchie February 1965 (age 59) |
| Nationality | British |
| Education | Dulwich College |
| Occupation(s) | Property developer and landlord |
| Title | Owner and CEO, Residential Land Group |
| Spouse | Shadi Ritchie |
| Children | 2 |
| Father | David Ritchie |
Early life
editBruce Weir Ritchie was born in February 1965.[1] He was educated at Dulwich College where he was a contemporary of Nigel Farage.[2] He is the son of professor H. David Ritchie, a leading surgeon in the 1980s at the Royal London Hospital and Dean of the Medical College, and his wife Jennifer Prentice, a State School teacher. His older brothers are a Queen's Counsel and a scientist.[3][4]
Ritchie was brought up in Dulwich, South London.
Career
editRitchie left school after A levels and joined Harrods as a management trainee.[2] He bought his first properties whilst still working for Harrod's.[2]
In 1991, Ritchie founded Residential Land Limited and is its CEO.[2] The company grew strongly in the 1990s and 2000s. Ritchie through his Residential Land Group of 163 companies owns around 1,200 privately rented properties in prime central London and Mayfair.[5]
In the early 2000s Ritchie had a business partnership with the chef Marco Pierre White and his business partner Jimmy LaHood[6] in relation to some central London restaurants.
Residential Land is one of the largest residential property companies in London. In 2016, Ritchie sold a block of 58 flats at Garden House, 86–92 Kensington Gardens Square, London W2, which he bought for "a low price" in 2001.[7]
In the same year, Residential Land was named Asset Manager of the Year at the RESI Awards 2016, organised by Property Week.[8]
In May 2016, Ritchie was named Entrepreneur of the Year at the PROPS Awards, a UK property industry awards event.[9]
In July 2017, Ritchie was ranked 28th in Property Week’s annual Power 100 list, having been described as a ‘consummate dealmaker’.[10]
Controversy
editRitchie was one of the co-chairmen of the Presidents Club charitable trust,[11] which disbanded in 2018 after reports of sexual harassment and assault at its charity dinner.[12]
In January 2018, as a result of the media attention that the presidents Club received, the Canadian investment group, Ivanhoé Cambridge, and a major financial backer of Ritchie, announced that it would make no further investments with his company, Residential Land.[13]
Politics
editRitchie has been a staunch supporter of the Conservative Party throughout his adult life. In 2013, he and his wife Shadi donated £111,600 to the Conservative Party.[6][14] As of 2018, the two had given the Conservative Party more than £750,000 personally and through their wholly owned company, Residential Land.[15]
Personal life
editBruce Ritchie is married to Shadi[6][14] and has two teenage children.
Ritchie alongside his wife Shadi are Event Chairs for the Elton John AIDS Foundation. Bruce was part of the committee that helped launch the first-ever Midsummer Party in July 2019, which raised $6m.[16][non-primary source needed]
References
edit- ^ "Bruce Weir RITCHIE – Personal Appointments (free information from Companies House)". Companies House, Government of the United Kingdom. Retrieved 24 January 2018.
- ^ a b c d "Executive Profile: Bruce Ritchie". Bloomberg LP. Retrieved 24 January 2018.
- ^ "Property Week article – Rich Pickings – Residential Land". residentialland.com. 6 April 2007. Retrieved 24 January 2018.
- ^ "Ritchie, Horace David (1920–1993)". Plarr's Lives of the Fellows Online Lives of the Fellows Online. Retrieved 25 January 2018.
- ^ "Bruce Ritchie – Chief Executive Officer and Founder of Residential Land – Residential Land". residentialland.com. 1 January 2011. Retrieved 24 January 2018.
- ^ a b c Goodley, Simon; Newman, Melanie; Mathiason, Nick (12 October 2014). "Tycoons mix with top Tories at fundraising ball in London". The Guardian. Retrieved 24 January 2018.
- ^ Limited, Reed Business Information. "Striking it Ritchie - Estates Gazette.com". estatesgazette.com. Retrieved 24 January 2018.
{{cite web}}:|last=has generic name (help) - ^ 2016-05-19T00:00:00+01:00. "Stars of residential shine at RESI Awards 2016". Property Week. Retrieved 9 January 2019.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "The 25th "PROPS" Lunch Raises an Amazing £380,000". Variety, the Children's Charity. 18 May 2016. Retrieved 22 May 2020.
- ^ Branson, Adam; Parsley, David; Hamson, Liz; Williams, Richard; Crane, Helen; Hook2017-07-06T20:00:00, Richard. "PW Power 100: 21-30". Property Week. Retrieved 6 July 2020.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Marriage, Madison (23 January 2018). "Men Only: Inside the charity fundraiser where hostesses are put on show". Financial Times. Retrieved 24 January 2018.
- ^ "Presidents Club to close after shocking details of sexist behaviour emerge". The Independent. 24 January 2018. Retrieved 24 January 2018.
- ^ Kollewe, Julia (28 January 2018). "Presidents Club scandal: property firm loses major backer". The Guardian. Retrieved 29 January 2018.
- ^ a b Hughes, Solomon (12 June 2014). "Property Moguls Are Giving Money to the Conservatives". vice.com. Retrieved 24 January 2018.
- ^ Doward, Jamie; Neate, Rupert (27 January 2018). "Presidents Club party guest backed Theresa May's Tory leader bid". The Guardian. Retrieved 28 January 2018.
- ^ "EJAF'S FIRST-EVER MIDSUMMER PARTY RAISES €5.5 MILLION". Elton John AIDS Foundation. 25 July 2019. Retrieved 2 June 2020.