Unveiling Zach Goldsmith’s Astonishing Net Worth: How He Made His Millions
Zach Goldsmith is a well-known name in the British political landscape, especially for his environmental activism. But did you know that he is also one of the richest politicians in the UK? Yes, you heard it right. The former Conservative Member of Parliament (MP) and London mayoral candidate has amassed a fortune over the years. In this blog post, we will unveil Zach Goldsmith’s astonishing net worth and explore how he made his millions.
Introduction
Zach Goldsmith was born into a wealthy family, with his father James Goldsmith being a billionaire businessman. Zach inherited a substantial amount of money from his father’s estate after his death in 1997. However, Zach’s net worth is not solely based on his inheritance. In fact, he has made a fortune through his investments, various business ventures, and his political career. In this blog post, we will take a closer look at Zach Goldsmith’s net worth and how he accumulated his wealth.
The Inheritance and the Early Years
Zach Goldsmith inherited a significant amount of money from his father’s estate when he was just 21 years old. The exact amount is undisclosed, but it is estimated to be in the millions. The inheritance allowed Zach to start his business ventures and investments in his early years. Zach’s first business venture was an organic bakery called ‘The Pantry,’ which he started in 1999. The business was successful, and he sold it in 2002. Zach also invested in a holiday business that dealt with exotic locations such as New Zealand, which he later sold for a substantial profit.
Political Career
Zach Goldsmith’s political career began in 2010 when he was elected as the MP for Richmond Park, which is a suburban constituency in southwest London. Zach became an MP as a member of the Conservative Party but resigned from the party after opposing the proposed expansion of Heathrow Airport. Zach was re-elected as an MP in 2015, and his considerable wealth allowed him to fund his own campaigns.
Zach’s political career reached new heights when he ran in the London mayoral elections in 2016. Although he lost to Sadiq Khan, his net worth allowed him to spend an estimated £3.2 million on his campaign.
Investments
Zach Goldsmith is an accomplished investor who has made a fortune through his investments. He has invested in various companies, including natural skincare products, renewable energy, and sustainable agriculture. He is also associated with a venture capital fund called ‘WHEB Ventures.’
Zach Goldsmith’s investment in natural skincare products paid off when he sold his stake in ‘Green & Spring’ in 2011, which was estimated to be worth £5 million. An investment in a reforestation scheme in Panama later paid off and added to his considerable wealth.
Zach Goldsmith’s Estimated Net Worth
Zach Goldsmith’s net worth is estimated to be around £384 million. His inheritance, business ventures, investments, and political career have all contributed to his vast wealth. In 2014, he topped the list of Britain’s richest MPs, with an estimated net worth of £280 million.
FAQs
1. How much did Zach Goldsmith inherit?
The exact amount that Zach Goldsmith inherited is undisclosed, but it is estimated to be in the millions.
2. What was Zach Goldsmith’s first business venture?
Zach Goldsmith’s first business venture was an organic bakery called ‘The Pantry,’ which he started in 1999.
3. How much did Zach Goldsmith spend on his London mayoral campaign?
Zach Goldsmith spent an estimated £3.2 million on his London mayoral campaign.
4. What companies has Zach Goldsmith invested in?
Zach Goldsmith has invested in various companies, including natural skincare products, renewable energy, and sustainable agriculture.
5. How much is Zach Goldsmith’s net worth?
Zach Goldsmith’s net worth is estimated to be around £384 million.
6. In what year did Zach Goldsmith become an MP?
Zach Goldsmith became an MP in 2010.
7. What was the reason for Zach Goldsmith’s resignation from the Conservative Party?
Zach Goldsmith resigned from the Conservative Party after opposing the proposed expansion of Heathrow Airport.
Conclusion
In conclusion, Zach Goldsmith’s net worth is astonishing, and his wealth has been amassed through inheritance, business ventures, investments, and his political career. Zach’s considerable fortune has enabled him to fund his campaigns and invest in various sustainable projects. His commitment to environmental activism is inspiring, and it is admirable that he is using his wealth to champion this cause.