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They later sold its brewing division for 240m. They used the proceeds to buy the Ritz Hotel in London's Piccadilly in 1995. They spent 370 million on Gotaas Larsen, a Bermuda based shipping company, and 200 million on the Automotive Financial Group, a motor retail chain in 1994. The brothers are involved in philanthropy and were knighted in 2000 for their support to medical research, to which they have donated an estimated forty million pounds between 1987 and 2000.[11]In 2004, they were listed in 42nd place with an estimate of 750m on the Sunday Times Rich List, and in 2006, they were ranked 24th with a value of 1,800m.[12] The Barclay brothers' fortune has shot up from 1bn in 2009 to 1.8bn in 2010.[13] In 2012, they topped the Media Rich List with 2.25bn.[14]In 1983, the brothers purchased Ellerman, the brewing and shipping group for 45m. They later sold its brewing division (for 240m), and in late 1985 its shipping business (to its management). The Ellerman deal helped Barclays develop the strategy of buying companies, breaking them up and profiting from the real estate.[15] The technique of approaching an insider in order to obtain an advantage also set a precedent for later deals: the Barclays approached the Ellerman non executive chairman, David Scott, at a secret meeting in Monte Carlo. Scott recalled in his memoirs that David Barclay requested an exclusive option to buy the firm and to keep it secret from all but two directors in return for a promise that Scott would stay on as non executive chairman. However moments after signing the sale document, Scott was handed a letter (by the