Thu. Dec 5th, 2024
alert-–-mogg-opoly!-inside-the-multi-million-pound-property-empire-owned-by-jacob-rees-mogg-and-wife-helenaAlert – Mogg-opoly! Inside the multi-million pound property empire owned by Jacob Rees-Mogg and wife Helena

Having started his investment portfolio at the age of 10, it is no surprise Jacob Rees-Mogg has amassed somewhat of a property empire. 

When he was 12, he was selling stocks and shares and would amuse classmates by calling his stockbroker at lunch time. 

Speaking to the Daily Express at the time, a young Mr Rees-Mogg explained: ‘I like playing with money. I love the stuff. I want more and more of it.’

As an adult, Mr Rees-Mogg’s interest and ability to make money grew and it has been said by some that he is worth an estimated £100 million. 

While sources close to Mr Rees-Mogg have described the figures relating to his family’s wealth as ‘fanciful’, there is no denying his love for grandeur. 

As is clear from the first episode of the former Conservative MP’s own reality TV show – Meet the Rees-Moggs – which shows his eccentric family life within the historic walls of his Grade II-listed Somerset mansion. 

But away from the spotlight, Mr Rees-Mogg, together with his wife Helena, is also a director of the UK company Saliston. Its most recent accounts show net assets of £10.3million. 

Here looks at looks at some multi-million pound properties owned and inhabited by the 55-year-old throughout the years. 

Westminster

Rees-Mogg bought a £5 million home in Westminster in 2018, located just a few metres from the House of Commons. 

The Somerset MP paid £5.625 million for the property in Cowley Street earlier this year, part funded by a mortgage from the Queen’s bank, Coutts & Co.

It became vacant after pro-Brexit former Tory deputy chairman Lord Ashcroft, who had been renting the building to house his varied political and business operations, moved out.

The five-storey 18th Century building is closer to Parliament than Downing Street, lying just 390 yards from the Commons.

It is also a mere 500 yards from Tory campaign HQ and only 100 yards from the Westminster studios of the main broadcasters.

Mr Rees-Mogg told ITV he decided to move ‘because Cowley Street is cheaper and I couldn’t afford a bigger property in Mayfair’. 

Pall Mall

Saliston’s chief interests also include a block of flats in Pall Mall, which is reportedly worth £4 million. 

According to The Evening Standard, the firm has owned a freehold on the building, which contains four flats and commercial premises, since 2006. 

They are available under three separate leases, with one rental listing from 2016 advertising the commercial space for a total of £172,000 per year, the paper added. 

Gournay Court, Somerset  

Rees-Mogg purchased his current residence, Gournay Court, in his former North East Somerset constituency in 2010 for £2.9million.

The Grade II list property is situated in the parish of West Harptree and was previously owned by the Duchy of Cornwall. 

Built of red sandstone, the historic mansion is thought to have been completed around 1650 for John Buckland, after it was leased to his father, Francis Buckland. 

The property was briefly repurposed as a military hospital during the First World War before it was sold for just under £60,000 in 1971. 

Friends have revealed that Mr Rees-Mogg has had a private chapel built at the house, where Catholic Mass is said occasionally and which he uses as a place of contemplation.

The Old Rectory, Somerset

The picturesque eight-bedroom Somerset house, The Old Rectory, where Mr Rees-Mogg grew up was put up for sale in March last year. 

The grade II listed Georgian home, which is in the small village of Hinton Blewet, still features security fittings from the Rees-Moggs’ tenure, to protect his journalist father, William Rees-Mogg, from IRA threats.

The property has been extended and refurbished since Mr Rees Mogg lived there. It has been described as an ‘elegant, impressive, warm and welcoming family home,’ despite the solid steel doors and cellar panic room. 

An indoor swimming pool was added in £750,000 renovations that included building an additional two-bedroom apartment, bringing the price of the historically significant house to an intimidating £2.75million. 

William Rees-Mogg’s own correspondence suggests that parts of the house are medieval, including the dining room, which is said to have been a priest’s house.

Just a 20-minute drive from Wells, the house, situated in the outstanding area of natural beauty in the Mendip Hills, is surrounded by almost an acre of gardens, adding to the sweeping driveway.

The grounds also feature magnolias and an ancient ‘sacred’ yew tree.

Underhill Farm, Somerset  

According to the Evening Standard, Mr Rees Mogg was passed on Underhill Farm in Orchard Vale by his parents. 

However the Land Registry states that is own by Thomas Meadows, had links to the family’s companies, and Richard Cussell, tax planning lawyer, The Guardian reported. 

The newspaper added that the plot of land also includes a house named Mogg Parlour. 

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