Top 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.