Hedge fund chief Sir Chris Hohn nets Britain’s biggest ever salary of £343million – earning £940,000 a DAY

A HEDGE fund boss has scored Britain's biggest ever salary of £343million – earning him a total of £940,000 a day.

Sir Chris Hohn, 54, founded The Children's Investment Fund Management (TCI) in 2003 and has since seen profits rise to £499million.

His enormous pay packet is 2,000 times bigger than the Prime Minister Boris Johnson's salary and is believed to be the highest annual figure paid to any person in the UK.

It was paid in dividends to TCI Fund Management according to Companies House.

The earnings break the previous record held by the founder of the online gambling company Bet365, Denise Coates, who made £323million in 2018, the Daily Mail reports. 

Hohn's Mayfair-based hedge fund business holds major stakes in Microsoft, Visa, Google’s owner, Alphabet, and a Canadian oil transportation company.

And accounts show TCI has total shareholder funds of almost $2 billion.

Hohn, the son of a car mechanic, was born in Surrey and graduated from the University of Southampton in 1988.

He then went on to work with Apax Partners, a private equity firm. 

After working on Wall Street for Perry Capital, he set up TCI in 2003, where the Chancellor Rishi Sunak worked for him as a junior analyst between 2006-2009.  

He was previously involved in one of Britain’s heftiest divorce settlements, paying out £337 million to his ex-wife, and is also known to be one of the more generous tycoons from the hedge fund world.

In 2019, he gave a £50,000 boost to the global environmentalist movement Extinction Rebellion after saying it was an "urgent need" to stop humanity from destroying the world with climate change.

The billionaire, who was knighted in 2014 for his philanthropy, also wrote to seven of the world's biggest asset managers last year, urging them to encourage companies to become more environmentally friendly.

He later told The Financial Times: "The asset management industry is a joke in respect to what they are actually doing [around climate change]. They talk but they don't actually do anything effective. Asset managers are sheep."

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