Nick Candy Net Worth - Pulptastic
What is Nick Candy’s Net Worth?
Nick Candy is a British property developer and interior designer with a net worth of $2 billion. He is known for co-founding the property development and design firm, Candy & Candy, with his brother Christian Candy. Together, they developed the luxurious One Hyde Park complex in London, which is one of the most expensive residential projects in the world. In 2018, Nick Candy became the sole owner of the company, which was subsequently renamed Candy Properties.
Nicholas and Christian Candy’s Education
Nicholas Anthony Christopher Candy was born on January 23, 1973. He is a year older than brother Christian Candy. Both Nick and Christian attended Prior Preparatory School followed by Epsom College.
Nick ultimately earned a degree in Human Geography from University of Redding while Christian dropped out of a business management program at King’s College London.
Candy & Candy: The Beginning of a Successful Property Development Company
In the mid-1990s, brothers Nick and Christian Candy formed a property development and renovation company named Candy & Candy. They began by purchasing a modest apartment in London for 122,000 pounds and borrowed 6,000 pounds from their grandmother to complete renovations. They sold the property 18 months later for 172,000 pounds and continued renovating modest flats while maintaining day jobs. Eventually, they were able to leave their jobs and focus on real estate full-time. Today, Candy & Candy is known for building high-end real estate in London.
Nick Candy’s Net Worth
Nick Candy, a British property developer, has an estimated net worth of £1.5 billion, or about $1.9 billion USD, according to Forbes. Candy and his brother, Christian, founded the luxury property development company Candy & Candy in 1999. The company has worked on several high-profile projects, including the One Hyde Park luxury apartment complex in London.
Born in 1973, Candy started his career in advertising before moving into the property development industry. In addition to Candy & Candy, he has also founded other companies, including the interior design firm Candy & Co. and the real estate financing company Omni Capital Partners.
Candy has been involved in several high-profile real estate deals, including the purchase of a £160 million mansion in London’s Hyde Park and the sale of a penthouse in One Hyde Park for £160 million, which at the time was the most expensive apartment sale in British history. He has also been involved in legal battles with fellow real estate developer Mark Holyoake over a property deal.
Candy is known for his lavish lifestyle, which includes expensive cars, yachts, and a private jet. He is married to the Australian actress and singer Holly Valance, and the couple has two children.
One Hyde Park: The Candy Brothers’ Luxury Property Investment
In 2005, the Candy Brothers, Nick and Christian, purchased a property in London’s Knightsbridge neighborhood for 150 million pounds with financing from the Prime Minister of Qatar. They worked with architect Richard Rogers to develop the property, which became known as One Hyde Park. The luxury residence features 86 units, with penthouse units selling for exponentially high prices. Ukrainian billionaire Rinat Akhmetov purchased a penthouse for $213 million in 2011 and spent an additional $140 million on renovations. Nick Candy listed his own penthouse for sale in May 2021, featuring 18,000 square-feet of indoor living space, five bedrooms, a home theater, spa room, wine room and more, with an asking price of $240 million.
Nick Candy’s Acquisition of Fitzrovia Property
In 2006, Nick Candy and his brother paid 175 million pounds for a property in London’s Fitzrovia area, which was formerly known as the Middlesex Hospital. Originally named NoHo Square, the development was later renamed Fitzroy Place. Today, the property boasts 220,000 square-feet of office space and 289 homes.
Acquisition of Chelsea Barracks
In 2007, the Candy brothers acquired the Chelsea Barracks site for a reported 959 million pounds. The purchase was made possible through financial backing provided by the Qatari government’s investment corporation.
Brothers Purchase Former Robinson’s-May Site for 250 Million Pounds
In 2007, the Candy brothers acquired the former Robinson’s-May department store in Beverly Hills, California for 250 million pounds. The prime real estate location presented a valuable investment opportunity for the brothers.
Nick Candy’s Family Life
In 2012, Nick Candy married Holly Valance, an Australian-British singer and actress. They welcomed their first child, Luka Violet Toni Candy, in November 2013 and gave her the nickname Lulu. The baby girl was named after her middle name, Toni, in honor of Nick’s late father, Tony Candy. In September 2017, they had their second daughter, Nova Skye Coco.
The Reserve: A Home That Sold for $85 Million
In 2010, Jeremy Renner and a business partner bought a home in Holmby Hills, California for $7 million. After a major renovation, they sold the home to Nick’s brother Christian Candy for $24 million in 2013. In 2018, Christian sold the home to Nick for $28.5 million, who added a three-story guest house and other renovations. The 21,000 square-foot mansion, known as “The Reserve,” was built in 1959 and is now listed for sale for $85 million. The primary mansion has five bedrooms, 11 bathrooms, and a 226-foot driveway, with a 1,000 square foot master bedroom wing. The guest house is equally as large at 11,000 square feet.
Nick and Holly Candy’s UK Properties
Nick and Holly own a large home in Chelsea, a country property in Cotsworth, and an apartment in One Hyde Park, which Nick and Christian developed.
