Jacob Rees-Mogg is a British Conservative Member of Parliament for North East Somerset and a prominent figure in the UK’s political landscape. Known for his aristocratic demeanor, old-fashioned views, and strong Euroscepticism, he has drawn both admiration and criticism throughout his career.
He served in various high-profile roles, including as Leader of the House of Commons under Prime Minister Boris Johnson, and later as the Secretary of State for Business, Energy, and Industrial Strategy under Liz Truss.
Early Career and Investments
Before entering politics, Rees-Mogg worked in investment banking. He co-founded Somerset Capital Management, an investment firm that manages billions in assets. His financial acumen and connections in the banking world have played a significant role in his wealth accumulation.
Rees-Mogg also inherited wealth from his aristocratic family, further bolstering his fortune. The firm’s role in managing investments and his ongoing interest in it are documented in the Register of MPs Interests, suggesting he continues to receive income from the business.
Net Worth
In 2019, Spear’s Wealth Management estimated Jacob Rees-Mogg’s net worth to be “well over £100 million.”
His wealth is diversified across several assets, including properties, business interests, and investments. He owns a Grade II-listed manor house in West Harptree, Somerset, and a townhouse in Westminster, valued at between £6 million and £7 million. The latter is a five-story property near the Houses of Parliament.
In addition to his real estate holdings, Rees-Mogg’s wealth is influenced by his wife Helena de Chair’s family inheritance, which is thought to be considerable.
This combination of assets and business ventures has helped him maintain a substantial financial portfolio.
Lifestyle and Assets
Rees-Mogg enjoys a privileged lifestyle that reflects his wealth. He has a keen interest in classic cars and owns a Bentley T1, purchased after his father spotted it at auction.
On the campaign trail in the late 1990s, he was mocked for driving the Bentley, but he responded humorously by referring to it as “just a Mercedes.”
In Somerset, he resides at ‘Gournay Court,’ a historic property with a personal family connection, as his great aunt served in the Red Cross during the First World War.
He has also made a hobby of producing his own cider, claiming that his family enjoys the process, even if the quality of the cider is not guaranteed.
Political Views and Public Persona
Rees-Mogg is known for his unwavering Thatcherite beliefs and staunch Catholic views, which shape his stance on issues such as abortion and same-sex marriage.
He has been a vocal critic of the nanny state, advocating for minimal government interference in individuals’ lives.
His political views and public persona have drawn both fervent supporters and vocal critics. His role in pushing for a hard Brexit and supporting Boris Johnson’s leadership have cemented his position as a key figure within the Conservative Party.
Despite facing controversy, including criticisms of his behavior in Parliament, such as his infamous lounging on the frontbench during a Brexit debate, Rees-Mogg has remained a dominant force in British politics.
His wealth, public profile, and political influence make him one of the more distinctive figures in the UK political landscape.
