Cryptic on-line submit of billionaire’s fiancée ‘after he goes bankrupt’
This fiancée of a British billionaire who has reportedly gone bankrupt with money owed totalling £725million has posted a cryptic message on Instagram.
Entrepreneur Bob Bull, who just lately ranked 88th within the Sunday Times Rich List, was estimated to be price near £2billion earlier than the collapse of his firm Royalelife.
In a defiant submit on Instagram, Bull’s Norwegian girlfriend Sara Nilsen shared a glamorous selfie from Cannes, France. She wore a white satin bodice and fur boa, with a Birken Beton purse – which might retail for as much as £60,000 – on the desk.
Alongside the picture, she posted a cryptic caption with a laughing emoji: ‘Is the glass half full or half empty? To me it is at all times full.’
The submit garnered over 12,500 likes from her followers.
Just six months in the past, Bull was boasting of his wealth when he gave a journalist a guided tour of the £10million mansion he shares with Nilsen – full with a bowling alley and a £4million assortment of 12 supercars.
Entrepreneur Bob Bull (pictured with fiancée Sara Nilsen) was estimated to be price near £2billion earlier than the collapse of his firm Royalelife
Despite Bull’s troubles, his fiancée Sara Nilsen shared a glamorous selfie from Cannes, France. She wore a white satin bodice and fur boa, with a Birken Beton purse – which might retail for as much as £60,000 – on the desk
Alongside the picture, she posted a cryptic caption with a laughing emoji: ‘Is the glass half full or half empty? To me it is at all times full’
Tycoon Robert Bull (pictured), 46, constructed up his fortune by remodeling static caravan parks into bungalow villages
Twice-married father-of-two Mr Bull (pictured with fiancée Sara Nilsen) instructed how he hauled himself out of the depths of despair
The 46-year-old made his fortune by remodeling static caravan parks into bungalow villages.
But attorneys in a chapter petition in opposition to Mr Bull mentioned his ‘claims to be very rich had been improper’, Bloomberg reported.
The big debt follows the collapse of his firm RoyaleLife, and is made up of twenty-two mortgage agreements for which the businessman made private ensures to various lenders. The firm had been valued at £4billion.
He was declared bankrupt by a court docket on December 1, it was reported.
Mr Bull, who has been twice married and now lives together with his Norwegian fiancée Sara Nilsen, 30, close to Southampton, hopes to enter an association to repay his money owed at simply 0.25 per cent, court docket papers present.
‘It just isn’t an important return to the collectors, however it’s a return,’ Ben Channer, a lawyer appearing on behalf of Mr Bull mentioned.
According to Companies House, Mr Bull holds roles at 34 separate corporations which are in administration.
It just isn’t the primary time the businessman has confronted chapter – in 2016, he fought his means again after owing £3.5million to collectors and spiralling into ‘a nasty melancholy’ which left him unable to work for 3 months.
It was reported in September that Mr Bull was engaged in a authorized battle over greater than £32million of unpaid money owed, after he was sued by vacation park boss Tony Barney.
Mr Barney, 59, claimed Mr Bull owes two of his caravan corporations – Nottingham based mostly Baslow Parks and Baslow Holdings Developments – £32,290,532.
Earlier this yr Mr Bull, 46, (pictured with Ms Nilsen in an Instagram submit) got here in at quantity 88 on the UK Rich List together with his web price estimated at almost £2billion
He met Ms Nilsen (pictured) in a bar in Mayfair in 2019 and the couple now share their luxurious dwelling which has a pool, gymnasium and sauna together with its personal three-lane tenpin bowling alley
Mr Bull and Ms Nilsen additionally share a £1million home collectively in Ms Nilsen’s hometown in Norway
Court paperwork present various insolvency claims have been filed in opposition to corporations run by Mr Bull in current months
Mr Bull’s firm RoyaleLife purchased homes from these wishing to downsize, providing them prefab houses as an alternative
Each prefab dwelling comes with its personal driveway and patch of backyard
Mr Bull mentioned he turned his fortunes round after recognizing a gap within the housing market which led to him constructing bungalow villages for individuals who wished to promote their houses and downsize. His firm, which employed 2,000 staff, was mentioned to be price £4billion.
He would purchase the properties at market worth and promote the vcustomers a factory-prefabricated bungalow in a brand new group, every with a drive, a backyard and a shed.
He now owns a £4million assortment of 12 supercars and lives in a £10million mansion with Ms Nilsen.
The property, the place the couple hold two canine, a horse and a ferret, has its personal three-lane bowling alley and 6 double garages.
It was reported final month that Mr Bull additionally has a butler who beforehand labored for the First Sea Lord, the Royal Navy chief of workers.
Mr Bull and Ms Nilsen additionally share a £1million home collectively in Kristiansund, her hometown in Norway.
The pair met at a bar in Mayfair in 2019 after Mr Bull had been to see bankers.
Despite each being in a relationship on the time, the couple finally got here collectively after he rang Ms Nilsen in Kristiansund.
Court paperwork present various insolvency claims have been filed in opposition to corporations run by Mr Bull in current months.
One of his corporations, Time GB Group, is appointing directors with a court docket listening to due for September 29 subsequent yr.
Bull mentioned this yr that his enterprise pursuits had been topic to ‘winding-up orders based mostly on false claims and unfounded info’, The Times reported.
And the brand new authorized declare launched by fellow entrepreneur Mr Barney, who owns a string of residential and lodge parks starting from Yorkshire to Norfolk, is claimed to be price £125million.
Mr Bull had beforehand agreed a ‘deed of settlement and launch’ regarding two corporations in March, with the primary cost due on April 14 of £1.4million.
But he didn’t make the cost, High Court papers present, which means the entire £32million sum grew to become due.
Mr Bull disputed the declare and says Mr Barney breached their settlement by failing to maintain its phrases confidential.
He argued Mr Barney had made ‘a transparent and unequivocal promise’ that the deed to pay cash wouldn’t be enforced whereas Time GB Group was going into administration.
Mr Bull rebuilt his household’s empire and established Britain’s second-biggest caravan group
The chapter comes amid the collapse of Mr Bull’s enterprise RoyaleLife
Mr Bull has overseen the constructing of complete communities at his websites throughout the UK
Mr Bull was born right into a profitable household – his grandfather began a caravan park enterprise.
‘My three sisters and I had been introduced up with all the pieces we may need,’ he mentioned.
His father carried on the success of the household enterprise till he ‘misplaced all the pieces within the Nineteen Nineties banking disaster’.
Mr Bull rebuilt the empire and established Britain’s second-biggest caravan group.
However, the corporate bumped into bother in 2016 and he was declared bankrupt.
Mr Bull instructed how issues bought so dangerous he couldn’t afford the value of a takeaway for his youngsters seven years in the past.
In an interview earlier this yr he mentioned: ‘I put my card in and it did not work. The subsequent card did not work both.
‘I used to be pushing my youngest, Jack, within the pram. I put my meals again and I mentioned to my son Bobby, ‘Have you bought any cash?’
‘I needed to borrow the value of a KFC from my 12-year-old so my youngsters may have one thing to eat.
‘I nonetheless get emotional about it now. The lady within the financial institution lower my playing cards up in entrance of me. I felt like a bit of s**t. That was my lowest day, and I hated it.’
