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.
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Famous quotes containing the word wealth:
“Ill fares the land, to hastening ills a prey,
Where wealth accumulates, and men decay:
Princes and lords may flourish, or may fade;
A breath can make them, as a breath has made;
But a bold peasantry, their countrys pride,
When once destroyed, can never be supplied.”
—Oliver Goldsmith (1730?1774)
“We have no more right to consume happiness without producing it than to consume wealth without producing it.”
—George Bernard Shaw (18561950)
“Once wealth and beauty are gone, there is always rural life.”
—Mason Cooley (b. 1927)