Jacob Rees Mogg's firm set to make fortune from the coronavirus crisis
Reading now: 967
dailystar.co.ukTop Tory Jacob Rees-Mogg could make a mint out of the coronavirus crisis financial chaos. The rich politician owns a share in a firm which is buying into businesses where valuations have fallen due to the crisis - but are expected to bounce back once things are back to normal.
As millions suffer financial woes, Rees-Mogg's Somerset Capital Management is touting potential gains of 500 per cent. The MP owns at least 15 per cent of SCM which is investing in businesses hit by falling share values.
SCM says investors have a “once in a generation” chance of “super normal returns”, the Mirror reports. Mr Rees-Mogg stood down as a director of SCM to become Leader of the House of Commons.
Read more on dailystar.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
