“It doesn’t make you happy”
This Brit earns 1.7 million francs a day!
A British manager has already earned 657 million francs this year. All that money doesn’t make him happy, but that’s another thing.
Christopher Hohn paid out CHF 657 million this year thanks to generous profits from his Children’s Investment fund.
It sounds unimaginable: British hedge fund manager Christopher Hohn (54) has already earned £1.5 million a day, i.e. CHF 1.7 million, this year. A total of 657 million Swiss francs ended up in his account. This is probably the highest annual payment ever transferred in Great Britain, as reported by the Guardian.
The sum that Hohn had paid out from his Children’s Investment fund was 15,000 times the average British salary and 3,500 times the salary of Prime Minister Rishi Sunak (42). Hohn does not keep the many millions to himself. He is said to have invested the mega profit back into his funds.
Nevertheless, he does not have to gnaw on the hunger pangs. The US magazine “Forbes” ranks him 259th on their global list of the rich with an estimated fortune of 7.9 billion US dollars. Despite his billions, the Briton says he lives a “simple life”. All the money didn’t make him happier. But another thing: to help other people!
“My life is about charity”
The reclusive billionaire is considered a philanthropist and has been supporting children in poorer countries for years. “My life is about charity,” he is quoted as saying by the Guardian. He understood early on that he couldn’t take all that money with him. It is much more important to use the money to help others. “Money alone doesn’t make you happy.”
Hohn is considered one of the UK’s biggest philanthropists and has poured more than 4.5 billion Swiss francs into his personal children’s charity. In recent years, he has also campaigned on the climate crisis and has promised to use the roughly CHF 32 billion fund to “force changes on companies that refuse to take their environmental emissions seriously”.
Hohn had also received enormous annual dividends in previous years. According to the Guardian, it was around 450 million francs in the financial year up to February 2020, and 142 million francs in 2021. Critics call for higher taxes for mega earners. Then much of the money would bolster ordinary workers’ incomes or fund vital public services, said Luke Hildyard of The High Pay Centre. (lrc)