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Jacob Rees-Mogg set to receive £1m payout from investment firm

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Antiquated Brexiteer Jacob Rees-Mogg is set to receive a £1 million payout from the investment firm that he co-founded, according to the website Wealth Manager.

This £1m bumper payout is Rees-Mogg’s share of the company’s £19.5 million profits this year.

Rees-Mogg co-founded Somerset Capital Management in 2007 after working for several years in Hong Kong. Somerset Capital is managed via subsidiaries in the Cayman Islands and Singapore – both tax havens.

The Tory MP will receive this £1m payout on top of his parliamentary salary of roughly £79,000.

Rees-Mogg, who’s a leading Brexit advocate, was educated at Eton and is estimated to be worth somewhere between £55m and £150m.

Like former city trader Nigel Farage, he’s truly a man of the people.

One response to “Jacob Rees-Mogg set to receive £1m payout from investment firm

  1. Rees Mogg will have known in advance of Boris Johnstons plan to suspend parliament. His company will have used this information to its advantage with regard to €/£ currency fluctuations. If I did this I would be convicted of insider trading. Too many greedy tax evading multimillionaires in government worldwide.

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