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Foster's fortune


Plaudits to Norman Foster, as ever flying the flag for UK architects - in this case their ability to make money.

Nicely pictured wearing black and grey in the Sunday Times colour supplement, Foster is estimated as having earned £1.8 million in the past financial year, putting him at number 475 in the paper's 'pay list' 2003.

The magazine coyly says it assumes he is the highest paid director in the practice, Foster Holdings, and notes that this is a new entry. Of course, the problem with these lists is that they confuse sales of assets with salary and dividend, but it is all part of the fun. Foster appears to be the only architect on the list, which is perhaps surprising, as is the fact that he is a newcomer. The list manages to include major developers and sometime clients of Foster, like Elliott Bernerd of Chelsfield and Stuart Lipton of Stanhope, but makes no mention of John Ritblat of British Land or Gerald Ronson of Heron.Wake up! By the way, Heron is now putting in place a nice scheme in relation to the area around its Heron Tower in the City of London, including a mid-rise block and good urban design at ground level. Happily, English Heritage is on board. If it had known about the further plans for the area, would it have opposed the KPF tower in the first place, one wonders?

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