All eyes of new chancellor Jeremy Hunt who has been drafted in to rescue the UK’s drowning economy.
But how are deep are the pockets of the man responsible for the country’s money purse?
The Express estimates Hunt’s net worth to be over £17m.
Serial Entrepreneur
In 2014, Hunt was made £14.5m richer after Hotcourses, the educational listings company he co-founded in 1990, was sold to an Australian firm.
Hotcourses was 48% owned by Hunt, who set it up with his childhood friend Mike Elms.
Hunt stepped down as a director in 2009, with his shares held in a blind trust since then.
Property Business
In 2018, Hunt set up a buy to let property firm Mare Pond Properties, which he says he owns jointly with his wife Lucia. The firm bought seven apartments in Southampton.
A spokesperson said at the time: “Jeremy and his wife set up the company as a vehicle through which to make charitable donations and no salaries or dividends will be taken from it for their personal benefit.”
Ministerial salary
Hunt was the longest-standing Health Secretary in British history – he held the role from 2012 to 2018.
Cabinet ministers’ total salaries are up to £141,505 a year, making Hunt a decent earner over the last couple of years.
Property
Hunt’s current home is in Pimlico, where average house prices are nearly £1m.
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