Here is all you need to know about billionaire owner of Premier League side Tottenham Hotspur Joe Lewis and why is he in the headlines along with his net worth and wife
The billionaire owner of the sports franchise Tottenham Hotspur was accused of orchestrating “brazen” insider trading on Tuesday by US federal authorities.
Who is Joe Lewis Tottenham Hotspur owner, net worth in 2023, family, wife, daughter, bio, business
The US attorney for the southern district of New York, Damian Williams, claims that Joe Lewis shared inside information from businesses in which he had investments with associates, including his personal pilots, aides, and romantic partners.
16 counts of securities fraud and three counts of conspiracy are included in a 19-count indictment against the 86-year-old founder of the investment company Tavistock Group. In a statement on Tuesday, Williams started, as per reported in The Guardian:
We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends.”
Statement of U.S. Attorney Damian Williams on U.S. v. Joseph Lewis pic.twitter.com/9rGTTYVx6h
— US Attorney SDNY (@SDNYnews) July 25, 2023
In other insider trading instances, the prosecution claims Lewis lent money to those who got his recommendations. For instance, Lewis handed two pilots $1 million in October 2019 so they could buy stock in the biotech company Mirati.
Following Mirati’s announcement of encouraging clinical trial results, which increased the company’s stock price by 16.7%, both pilots purportedly paid back their debts. The second pilot noted in his logs, “Loan payback for MRTX.”
Williams charged Lewis of “classic corporate corruption” and warned that he will be brought to justice in New York courts.
Joe Lewis Insider Trading Scandal Likely To Expedite Sale Of Tottenham Hotspur.
Tottenham Hotspur has been on the block for a while. But now that controlling owner Joe Lewis has been indicted on charges of insider trading, sports bankers say a sale is likely.@Forbes pic.twitter.com/O6ewtrYYHV
— The Spurs Watch (@TheSpursWatch) July 26, 2023
A look at Joe Lewis
Joseph C. Lewis, a British businessman born on 5 February 1937, owns a number of properties, mostly thanks to his investments in the Tavistock Group. He also owns a majority of the Premier League franchise Tottenham Hotspur.
Joe Lewis’ family, wife, children
Lewis got married twice. His first marriage with Esther Browne ended in divorce. Charles Lewis and Vivienne Lewis Silverton are their two children. He is now married to Jane Lewis.
What is Joe Lewis’ net worth?
Lewis is worth $6.55 billion (£5 billion), according to Bloomberg. His wealth is connected to Tavistock, a holding firm with its headquarters in the Bahamas and investments in hotels, restaurants, and real estate that has stakes in more than 200 companies across 13 nations.
The majority of Lewis’ income came from currency trading. He was an ardent art collector who was born above a pub in London’s East End. In the 1990s, he became leadership of Tottenham.