David and Simon Reuben: Difference between revisions

The brothers were born in [[Bombay]], [[British India]], the sons of David Sassoon Reuben and Nancy Reuben,<ref name="rfdn-nancy">{{cite web |url=http://www.reubenfoundation.com/nancy-reuben-primary-school/ |title=Nancy Reuben Primary School|publisher=[[Reuben Foundation]] |date=2014 |access-date=10 June 2016 }}</ref> a prosperous [[Baghdadi Jewish]] family.<ref name=tatler/> The brothers arrived in London in the 1950s with their mother, Nancy, and lived in [[Islington]];<ref name=tatler/> having run various businesses across the [[Indian Subcontinent]] from their bases in Bombay and Baghdad.<ref name="livingston1">{{cite news|url=https://www.theguardian.com/politics/2006/jun/19/london.london|title=Livingstone cleared of anti-semitism |agency=Press Association |date=20 June 2006 |access-date=10 June 2016 |work=[[The Guardian]] |location=United Kingdom }}</ref> The brothers attended state schools, with Simon never completing his formal education.<ref name="yahoo2014">{{cite news |work=[[Yahoo!|Yahoo! Finance]] |title=How Britain's richest brothers made billions from nothing |url=https://uk.finance.yahoo.com/news/how-britain-s-richest-brothers-made-billions-from-nothing-180004118.html |date=12 March 2014 |access-date=10 June 2016 |author=Lunn, Emma }}</ref>

In the early 1990s, the brothers invested in the Russian metals market, financing significantly the production and distribution of metals. The Reubens became the world's third-biggest producer of aluminum.<ref name=russia>{{cite news |url=https://www.theguardian.com/business/2004/jun/27/russia |title=Pack up your roubles ...|work=The Observer, [[The Guardian]] |author=Robinson, James |date=27 June 2004 |access-date=10 June 2016 }}</ref> At its peak, their company, [[Trans-World Metals]], and its associates controlled five-to-seven percent of the world's aluminum output.<ref name="yahoo2014"/> When Russian aluminum smelters were incapacitated by debt, Trans World entered into tolling arrangements with factories in which they paid for and delivered raw materials in return for finished aluminum, which it then sold for profit. The company's investment in Russia was {{USD}}1.5&nbsp;billion ({{GBP}}870&nbsp;million), with global sales in 1995 topping {{USD}}8&nbsp;billion.<ref name=russia/>  The brothers were involved with several members of the country's new [[oligarchy]], including [[Roman Abramovich]].<ref name=russia/> Subsequently, they settled a multimillion-pound legal dispute with [[Oleg Deripaska]] which resulted in a substantial settlement being awarded to [[Reuben Brothers]].

The foundation has donated £80{{nbsp}}million to support the creation of Reuben College, originally named Parks College. It will be a post-graduate college focused on climate change, artificial intelligence and cellular life.<ref>{{cite news |author1=Sean Coughlan |title=Don't hide history, says Oxford head in statue row |url=https://www.bbc.co.uk/news/education-52999319 |access-date=11 June 2020 |work=BBC News |publisher=BBC |date=11 June 2020}}</ref>

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