West Ham co-owner David Sullivan has seen his personal wealth increase by £50m over the past 12 months, according to the latest Sunday Times Rich List.
Sullivan now has an overall net worth of £1.15bn but despite his increase in fortune, has fallen from 126th to 133rd on the list of the 1000 richest people in Britain.
Sullivan owns 51% of West Ham but most of his wealth is from his property empire and stakes in media companies.
Fellow co-owner David Gold has also seen his fortune increase but not by as much, just £10m during the past year to £470m. Gold has a 35% share in West Ham along with Sullivan.
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West Ham are expected to post significant financial losses this year after splashing out £89m on new players ahead of the 2018/19 season while the wage bill had soared to a whopping £113m.
The club has increased season ticket prices for 2019/20 but that is only predicted to yield a £3m profit which is why high earning players such as Andy Carroll, Javier Hernandez and Lucas Perez are expected to leave this summer.
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Gold and Sullivan haven’t injected any of their own cash into West Ham since 2013 and that's unlikely to change any time soon as they want West Ham to stand on its own two feet rather than rely on injections of cash from its majority shareholders, which is how most of the Premier League’s top clubs operate.
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