Monday, 28 May 2012
Top 10 richest Cabinet ministers
Name Worth (£million) Source of wealth
Lord Strathclyde 9.6 Inherited Wealth, stake in family's estate management company, Auchendrane Estates. Also private directorships.
Philip Hammond 8.2 Stake in healthcare and nursing home developer Castlemead; consultancy work
William Hague 4.8 Income from public speaking, two books, a newspaper column and various business advisory roles
Jeremy Hunt 4.8 Stake in Hotcourses, a publisher of guides and websites for educational courses, which he co-founded
Caroline Spelman 4.5 Wealth figures primarily reflect the value of properties owned by Spelman and husband, a Senior Partner at Accenture
George Osborne 4.5 Property (inherited); stake in family-owned fabric and wallpaper designer Osborne & Little (inherited)
David Cameron 3.8 Property, most likely funded from parents/inheritance
Francis Maude 3.2 Work as managing director at morgan stanley and various directorships
Dominic Grieve 2.9 Private investment, funded by salaries as barrister and QC
Andrew Mitchell 2.2 Former investment banker, owns a number of homes, contributing to most of his wealth.
Source: Research by Wealth-X