New data shows how £4m Farage is raking it in

Nigel Farage may be facing unfavourable questions over his admiration for Vladimir Putin and his frequent absences from the House of Commons and his Clacton constituency, but at least he is keeping his bank manager happy.
Thorn In The Side, his private firm into which he channels his earnings – including his pay from GB News and other lucrative work which have turned his role as an MP into more of a side hustle – has just reported £1.25 million in annual profits and £2.6 million worth of accumulated profits – in the run-up in the year to May 31, 2024.

Farage is sitting on £3 million in assets – an incredible £1.7 million in cash reserves and £1.2 million worth of property. His profit was £1 million more than the £212,097 he made in 2023 and more than double the £480,536 reported for 2022.

And all this dates from before he increased his fortune still further by becoming an MP. Farage has reported £680,000 in outside earnings in the Register of Members Interests. His £204,492 for presenting his GB News show adds to £8,619 from Elon Musk’s X, £24,000 from the Telegraph media group, £2,776 from Meta, £81,348 for videos made for Baron App Inc, £25,303 and £40,075 for speeches made at AZ Liberty and Nomad Capitalist, £14,832 from Google and £280,500 from gold company Direct Bullion.

Oh, and he gets £91,346, plus expenses, from being an MP, though that seems incidental.

Thorn in the Side’s profits, his property assets and his reported earnings suggest Farage – who is 2017 said he was “skint” – is now worth around £4 million. There’s nice work on the far right if you can get it.