Loaded Nigel Farage now has FOUR homes, we can reveal.
The self-styled man of the people has amassed a property portfolio worth almost £3million since the 2016 Brexit referendum. Our disclosures come after it was revealed that the Reform leader is earning around £700,000 a year outside Parliament through work including his TV show on GB News.
As well as his £1m family home, which he kept in the split from his second wife, Mr Farage, 60, has bought two beachside homes on the Kent coast in recent years. His fourth house is another investment property he rents out in Surrey. Our investigation – carried out with the Good Law Project – raises questions about the interests he registered with the parliamentary authorities last month.
His beachfront properties are owned by his company Thorn In The Side Limited, which is worth £1.3m, but he has not declared himself the sole shareholder.As well as his £1m family home, which he kept in the split from his second wife, Mr Farage, 60, has bought two beachside homes on the Kent coast in recent years. His fourth house is another investment property he rents out in Surrey.
Our investigation – carried out with the Good Law Project – raises questions about the interests he registered with the parliamentary authorities last month. His beachfront properties are owned by his company Thorn In The Side Limited, which is worth £1.3m, but he has not declared himself the sole shareholder.
Nor has he registered any income from “tax-free” gold bullion investment firm Direct Bullion, which describes Mr Farage as their “Brand Ambassador”. His most recent advert for them, titled “Nigel Farage explains the Big Pension Secret”, was posted on YouTube three weeks after he was elected MP for Clacton, Essex.
The politician even promotes his own brand of red, white and blue artisan gin through his French partner Laure Ferrari’s business. He is also a founder of the “Freedom & Fortune” financial newsletter, which he says will “help you take back control of your money” and “potentially profit from a Britain primed to boom post Brexit”.
Mr Farage pledged to use his “40 years of experience in finance AND politics” along with his “deep-rooted contacts that provide me with intelligence and a unique perspective”. Under House of Commons rules, he must declare any shares he owns which give him a stake of 15% or more in a company or are worth over £70,000. His ownership of Thorn In The Side meets both criteria. But he only mentions that the company gets his TV earnings.
The company owns two properties near Dungeness, Kent, which overlook a beach from which Farage has filmed clips about migrants arriving in small boats. Thorn In The Side bought a three-bed house in Lydd-on-Sea in 2020 for half a million pounds in 2020. It is mortgage free and understood to be rented out.
Last year it bought a three-bed property in nearby Greatstone for £575,000. Described by neighbours as derelict, it too is mortgage free. Mr Farage has applied to the local council to knock it down and replace it with a new three-storey property. One neighbour joked: “It’s ironic with there being migrant landings nearby. I’m sure Nigel Farage would not be impressed.”
The ex-commodities trader has reported big monthly earnings for July, including £97,928 from GB News, but which he said included backdated payments from April paid to Thorn In The Side. He earned £16,597 filming video clips for the Cameo app, £4,000 writing articles for the Telegraph and around £2,400 from his social media accounts with X and Meta.
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@Nigel_Farage/Twitter)
As we revealed last week, he earned a large five figure sum, including a £11,784 deposit, jetting to the US to speak at the Keep Arizona Free summit. This is all on top of his £91,000 a year MP’s salary. Mr Farage insisted he had “declared all my income from July 4. That is what I was asked to do. My lawyer did the submissions”.
He told us: “I can’t work as I do without a big team of people. I employ between five and seven staff. Well I say staff, they are not staff, they are contractors, people who help me do various things. I run a company, I employ staff, I have offices, I have expenses, I have investments.
“That’s what I have built up over the course of the last eight years.” He suggested that his register of interests did not reflect his true profits: “It’s just a nonsense. I’m being asked to publish gross income, including VAT, without offsetting pretty substantial costs.
Offshore
“Now, over the next few months I may sack everybody and wind the thing down. I haven’t decided yet.” In 2013, we revealed he had set up an offshore trust on the Isle of Man and had put in it his 50% stake in Farage Limited, the investment firm he ran with his brother Andrew.
But Nigel insisted it had been a mistake and he had never used it, telling us: “I’m not rich enough to need one and I am never going to be.” Farage Limited later went into liquidation, with Nigel no longer a director, owing £103,000 to HMRC. The taxman got just 13% of this back and Andrew was found to have taken “potentially unlawful dividends” of £134,000.
Last night Jo Maugham, of the Good Law Project, said of the latest revelations: “Farmers, fishermen and factory workers have all done very badly since Nigel Farage’s Brexit. It’s nice to hear he’s done so well.”