9. Baroness Howard de Walden & Family
£1,070m
Howard de Walden Estates
2008: £1,550m (-£480m)
The Howard de Walden-owned Welbeck Land appointed a private bank in June 2009 to raise a £100m war chest to take advantage of the depressed market.
Welbeck aims to raise the money for the three key areas of its business: development, investment and asset management, and the strategic land division.
The Howard De Walden estate will provide an initial £20m and the total cash raised will be used to fund projects across all market sectors.
The family can afford it. It had a bumper pay day in 2007-08 with a £150m dividend from its main company, Howard de Walden Estates. The dividend came after 14 of its larger properties were revalued, generating a £140m surplus. The family is led by the 10th Baroness, 74, the eldest of four daughters of the late Lord Howard de Walden, who died in 1999.
It owns 90 acres in Marylebone, which is now seen as the new Notting Hill and is making serious money for the family.
In 2007-08, Howard de Walden Estates Holdings' profits came in at £55m on £55.5m sales and showed £281.8m net assets. In addition, over the past 14 years, the family has clocked up more than £260m in dividends.
The family trusts also own most of Welbeck Land, which saw its profits drop sharply to £187,000 on £63.1m sales in the same period. With nearly £22m net assets, it is highly active in property development round the country.
Despite the jump in dividends at Howard de Walden Estates, the family and business cannot be immune from the current property downturn.
We value the family's business assets at £900m and add another £170m for past dividends and other property after tax.