Home Celebrity Gossip British billionaire gave £21million gift to his staff

British billionaire gave £21million gift to his staff


The secretary to Billionaire UK businessman, Matthew Moulding has retired after he gifted his staff  £21m.


Moulding landed a gigantic £830million payout after going public with his company- The Hut Group.


The 48-year-old, who launched his company with John Gallemore in 2004, has amassed a lot of wealth over the last 16 years.


Moulding first started out selling CDs online but now has a huge range of more than 100 websites focused on health and beauty.

His firm also sells a range of goods, from cosmetics to protein supplements, as well as being the force behind brands like Honda and Nestle.

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 British billionaire gave ?21million gift to his staff


He launched The Hut Group onto the stock market in September, and it’s share prices skyrocketed since, giving Moulding a record-shattering £830million payout.


According to the father-of-four, he is a self-confessed workaholic and manages his empire almost exclusively on his mobile phone taking as much as 20 shots of coffee every week.


Moulding vowed to donate the entirety of his £750,000 annual salary to charity. He also gave £10million of his fortune to support Covid relief efforts during the coronavirus pandemic and donated £2million of PPE to frontline workers on top of that.

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He also shared a massive £21million of shares between his staff turning several workers into multi-millionaires. Moulding’s own secretary made so much money from the shares that she was able to retire at the age of 36.

He added: “No one in the scheme received less than a couple of hundred grand.”

Moulding said at the time: “With the rise of [Jeremy] Corbyn, there is a lot of anti-business sentiment around, but there are people in business who want to do the right thing. No one is perfect, but we are wanting to share the wealth.”


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