“Cash is one thing I’ve all the time preferred,” mentioned a 12-year-old Jacob Rees-Mogg in a 1982 interview. “I’ve all the time needed to be wealthy.” Now a multi-millionaire, the previous Tory MP, Brexiteer — and soon-to-be star of his personal actuality TV present, Meet The Rees-Moggs— has accomplished simply that.
In 2019, Spears Journal put his web price as “nicely over £100 million”, thanks partially to his fund administration agency, Somerset Capital Administration, and his intensive property portfolio.
In 2007, Rees-Mogg married into additional cash. His spouse, Helena de Chair, is the daughter of the aristocrat Somerset de Chair and Girl Juliet Tadgell, who inherited the Fitzwilliam household’s £45 million fortune at age 13. De Chair stands to inherit all the pieces.
As an MP, Rees-Mogg declared farmland and property in Somerset and London. However the former politician has different helpful property. From his Grade II listed nation property to his Westminster townhouse, right here’s a take a look at the properties Rees-Mogg has referred to as dwelling.
Mark Richards
In 2018, Rees-Mogg moved from Mayfair to a five-storey townhouse on Cowley Road, metres away from the Home of Commons. Rees-Mogg informed ITV he had moved “as a result of Cowley Road is cheaper and I couldn’t afford an even bigger property in Mayfair”
Nonetheless, the brand new property wasn’t precisely low-cost. Rees-Mogg purchased it from former Tory celebration deputy chairman and businessman Lord Michael Ashcroft for £5,625,000, in line with the Land Registry.
Rees-Mogg renovated the home, coming underneath formal investigation for not declaring that he acquired £6 million in loans from Saliston, one among his firms, which had been invested within the property. This was not upheld, with the inquiry concluding the loans didn’t should be registered.
Saliston has owned the freehold of a constructing on Pall Mall since 2006, reported to be price £4 million. In response to the Land Registry, the constructing comprises 4 flats and business premises, accessible underneath three separate leases. A rental itemizing from 2016 marketed the business area for a complete of £172,000 per 12 months. Saliston owns funding properties price a complete of £7.84 million, in line with its most up-to-date accounting.
Present: Gournay Courtroom, West Harptree, Somerset
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Minimize from purple sandstone, Rees-Moggs’s sprawling Grade II listed home is the household’s main dwelling, alongside Cowley Road. Additionally it is the place Meet the Rees-Moggs is filmed.
“In Somerset, we have now a mansion,” explains one among his sons within the trailer. The clip additionally reveals authentic fireplaces, an arched Tudor entrance flanked by two Doric columns and a wood-panelled eating room. There are photographs of the standard interiors, monumental portraiture and of employees sharpening silver candelabras.
Constructed about 1600, the property was a part of the Duchy of Cornwall for greater than two centuries. Throughout the First World Conflict, it was used as a Crimson Cross hospital, chosen partially as a result of it had been newly renovated for Prince John, the epileptic son of Queen Mary and King George V, who had died earlier than transferring in. Rees-Mogg purchased it for £2,911,000 in 2010.
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Previous: Underhill Farm, Orchard Vale, Somerset
Underhill Farm, north-west of Rees-Moggs’s former constituency, Midsomer Norton, is about 10 miles from Gournay Courtroom.
Title paperwork present the land was as soon as owned by Rees-Moggs’s dad and mom, earlier than passing to their son. Since 2014, although, the farm has been formally listed as owned by Thomas Meadows, a enterprise supervisor with hyperlinks to the household’s firms, and Richard Cussell, a solicitor specialising in tax and inheritance planning.
Previous: The Previous Rectory, Hinton Blewett, Somerset
Now not owned by the Rees-Mogg household, the Grade II listed Previous Rectory was the previous politician’s childhood dwelling between 1978 and 2001.
The home has 5 reception rooms, six loos , an indoor swimming pool, pastry kitchen, walled backyard and fitness center. It was listed on the market for £2.75 million final 12 months.
