Wealth
Geldof's wealth was estimated at $1.2 billion in 2011. He co-owns a production company Ten Alps with Alex Connock. Output includes education TV site Schoolsworld, which hosts 3500 videos from the former government Teachers TV project.
In 2007, his two UK properties were owned by companies based in the British Virgin Islands, potentially saving him over £1.6 million in tax.
The Financial Times said in September 2012 that Geldof could face a large tax bill after HM Revenue and Customs closed an investigation into investment vehicles used by wealthy individuals.
Read more about this topic: Bob Geldof, Personal Life
Famous quotes containing the word wealth:
“The honest Man has, I know, that modest Desire of Gain which is peculiar to those who understand better Things than Riches; and I dare say he would be contented with much less than what is called Wealth in that Quarter of the Town which he inhabits, and will oblige all his Customers with Demands agreeable to the Moderation of his Desires.”
—Richard Steele (1672–1729)
“Science, which cuts its way through the muddy pond of daily life without mingling with it, casts its wealth to right and left, but the puny boatmen do not know how to fish for it.”
—Alexander Herzen (1812–1870)
“I should say tact was worth much more than wealth as a road to leadership.... I mean that subtle apprehension which teaches a person how to do and say the right thing at the right time. It coexists with very ordinary qualities, and yet many great geniuses are without it. Of all human qualities I consider it the most convenient—not always the highest; yet I would rather have it than many more shining qualities.”
—M. E. W. Sherwood (1826–1903)