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Billionaire Hut Group Boss Matt Moulding Makes 74 of His Staff Millionaires

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Billionaire Hut Group Boss Matt Moulding Makes 74 of His Staff Millionaires

Hundreds of workers at a Manchester-based tech company The Hut Group have been made millionaires thanks to their generous boss.

Matt Moulding, the billionaire founder of the firm, said he had gifted around 430 staff members free shares over the last decade - treating everyone from senior management to warehouse workers and secretaries.

"We have created more millionaires than any other company in British corporate history," he told the Mirror.

"The shares are 100% gifted, no-one has had to pay anything. We have genuinely changed so many lives."

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The PM visiting The Hut Group (Credit: PA)
The PM visiting The Hut Group (Credit: PA)

These shares have already made 74 lucky workers millionaires, and helped many more into financial comfort.

And the number is only going to get higher, as Moulding, from Colne near Burnley in Lancashire, still has £175 million of shares to hand out from the £1 billion he set aside.

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Some of the money is also set to be given to recent graduates, where it will undoubtedly make a life changing difference.

Father of four Moulding, whose websites include Lookfantastic cosmetics business, said he's sharing his wealth because he's "passionate about it".

One recipient of his generosity is a 30-year-old un-named senior manager at the firm, who sold up to £100,000 worth of his shares to fund his wedding and a deposit on a 'dream' home.

Having started at the company as an apprentice, the father of small children also still has £600,000 worth of shares still to cash, and says that, coming from a "working class family" being given such money is "amazing" and "humbling".

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Matt has helped hundreds of his employees financially (Credit: Instagram)
Matt has helped hundreds of his employees financially (Credit: Instagram)

Another benefactor is an anonymous driver at the firm, who has banked as much as £40,000 in the last two years, and plans to use the cash to buy a new car and take his family on a dream holiday to Canada and the US.

Meanwhile, a third member of the team now has £61,000, and hopes to use the money to support his kids in the future.

Moulding is not only helping employees with a cash pot of £1billion, but he also plans to give his £750,000 salary to charity.

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Moulding and his wife Jodie (Credit: Instagram)
Moulding and his wife Jodie (Credit: Instagram)

He comes from humble beginnings, having washed dishes and spent time as a factory hand after being expelled from college.

He then went on to sell CDs online before starting to run websites for retailers - a path which led him to the role he's in today.

British e-commerce company The Hut Group sells consumer goods, from cosmetics to protein bars, and also now runs over 100 international websites selling fast-moving consumer goods via its e-commerce platform.

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Today, the company is worth £6.3billion.

What a generous guy!

Featured Image Credit: The Hut Group

Topics: Life News, Money, Life

Joanna Freedman
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