Jeremy Richard Streynsham Hunt is a British politician serving as Chancellor of the Exchequer (appointed 14 October 2022) has an estimated net worth of $15 million.
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Prior to his appointment as the Chancellor of the Exchequer, he served in the Cabinet as;
- Secretary of State for Culture, Olympics, Media and Sport from 2010 to 2012,
- Secretary of State for Health and Social Care from 2012 to 2018, and
- Foreign Secretary from 2018 to 2019.
Hunt studied Philosophy, Politics, and Economics at Magdalen College, Oxford, where he was President of the Oxford University Conservative Association.
After his university education, he worked for two years as a management consultant at OC&C Strategy Consultants, and then became an English language teacher in Japan.
After returning to Britain, he tried his hand at a number of different entrepreneurial business ventures, with three failed start-ups including an attempt to export marmalade to Japan.
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In 1991, Hunt, together with Mike Elms, a childhood friend, co-founded a public relations agency named Profile PR specialising in IT. They later sold their interest in Profile PR to concentrate on directory publishing.
Hunt had been interested in creating a ‘guide to help people who want to study rather than just travel abroad’ and, together with Elms, founded a company known as Hotcourses in the 1990s, a major client of which is the British Council.
Hunt stood down as director of the company in 2009 but retained 48% of the shares in the company, which were held in a blind trust before Hotcourses was sold in January 2017 for over £30 million to Australian education organisation IDP Education.
Hunt personally gained over £14 million from the sale and in doing so became the richest Cabinet member.
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