- Britains newest billionaire, Matthew Moulding is a 48-year-old, married, father of four
- Moulding is a co-founder of THG (The Hut Group) which started by selling protein shakes, CDs and DVDs
- THG operates over 100 UK based and international websites through it's e-commerce platform
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Britains newest billionaire, Matthew Moulding started his self-employment journey career on a bad foot but is now among the richest people in the world. He and John Gallemore founded then, The Hut Group in 2004.
THG, as it is known now, started out by selling protein shakes, CDs and DVDs. THG, oversees and operates companies such as Preloved.co.uk and Myprotein.com. They also operate over 100 UK based and international websites.
48-year-old Moulding previously worked as an accountant for John Caudwell, a billionaire British businessman and philanthropist. In an Instagram post, Moulding said: "The initial plan was to build a website selling DVDs & Games, moving into other products over time."
The rest of the Instagram post read:
We’ve gone from sales of £250k in 2004, to £1.14bn last year, but it genuinely feels like we are at an early stage in what we want to do with THG. Thankfully both PCs and our own websites have come a very long way since 2004"
According to an article by bloomberg.com THG is valued at £6.1 billion (around R131 billion) and Moulding owns about a quarter of the company. telegraph.co.uk reported that Moulding is married with four children.
In other news about billionaires, Briefly.co.za recently reported on an African billionaire who bought a Ferrari for each of his 3 daughters. Nigerian billionaire businessman, Femi Otedola, recently served serious daddy goals with his recent move for his three daughters.
The billionaire who is no doubt a doting father recently went shopping for his daughters and splurged millions of naira on fast cars for them. Otedola purchased a Ferrari Portofino for each of his three daughters, Temi, Tolani and DJ Cuppy.
A 2020 model of the fast car reportedly costs about $215 000. The excited girls took to social media to share photos of their father’s gifts to them as they celebrated. Cuppy shared a series of photos of the fast cars on her page and explained in her caption that their father took them shopping and bought one each for them.