Jacob Rees Mogg Net Worth 2017

Jacob William Rees-Mogg aka Jacob William Rees-Mogg is a British Conservative politician. He was first elected as the Member of the Parliament for North East Somerset at 2010 general election.

If you surf around, people are always keen to know about the politician’s net worth and their total earnings. In the deck, we do have British Conservative politician Jacob Rees-Mogg. Let’s discuss more Jacob Rees-Mogg’s net worth, his sources of income, houses and total earnings.

How much is Jacob Rees-Mogg’s Net Worth?

When Jacob Rees-Mogg was around 10 years old, his distant cousin left him around £50 which his father invested in shares in the now defunct General Electric Company to which Rees-Mogg describes as his first beginnings of his interest in the stock market.

For your information, Rees-Mogg father was a former editor of Times newspaper and his mother was from the political background which makes us suspect that he surely has a huge amount of money. Sources claim that Jacob Rees-Mogg’s net worth is around £45 million.

Jacob Rees-Mogg Earns Millions from His Investment Company

At the moment, after Jacob Rees-Mogg’s is regarded as one of the highest earning politicians in the country. Reports claim that the Conservative politicians considering a leadership bid are thought to pay at least £4 million from an investment firm during his seven years of a period in the parliament.

According to the published accounts on Companies House, the MP for the North-East Somerset co-founded Somerset Capital Management in the year 2007 and one of the 21 members were paid off a total amount of £21.9 million in 2017.

48 years old Rees-Mogg owns around 15% of SCM in the register of MPs’ interests. Since he got elected in 2010, the dividend he receives from the Belgravia, based firm where his partners are paid of around £59.9million.

Last year, Rees-Mogg earned over £1m million from SCM and also indicated that he had been paid very considerably less amount less than £3.3m. He claimed:

I will confirm that I receive a dividend from Somerset Capital Management, in addition to my salary for 35 hours’ work per month, which I declare. My dividend is private, that’s not something I have to declare.

In addition to it, Rees-Mogg declared that he earns a total salary of £943,000  from his part-time work for WSCM. In December 2016, Hat Trick Productions paid him around £1,500 fee for his appearance on the satirical comedy show.

The Telegraph also pays him around £250-270 for the articles he writes for them. It takes around two hours for him to write.

Jacob Rees-Mogg’s House

Jacob Rees-Mogg owns a manor house with his wife, Helena. He also owns a building in Pall Mall which costs around £4million and £1.5million leasehold of a flat inside it.

The amount of his salary and total earnings give us an idea that his net worth is definitely high as hell.

Since Jacob Rees-Mogg is currently active in the field, no doubt his net worth will increase in the coming days.