World’s most generous boss gives £ 1,000,000,000 worth of stock to his staff

The head of a thriving British tech company has given over £ 1 billion to his workers in shares.

Matt Molding, who founded The Hut Group in Manchester, said that around 430 employees had received free shares in the past 10 years.

“We have created more millionaires than any other company in British corporate history,” the 48-year-old told the Mirror.

‘The shares are 100% gifted, nobody has had to pay anything. We have really changed so many lives. ‘

As a result of the increase in the value of the shares, 74 employees of the firm have already become millionaires, he said.

Those who have benefited include managers, secretaries, and warehouse workers.

And he said the number of millionaires will increase as another 175 million pounds have yet to be delivered.

Molding, who plans to donate his entire £ 750,000 salary to charity, said that graduates and school dropouts will receive “life-changing sums” as a result of the gifts.

One driver, who has worked for the company for less than two years, received £ 40,000 from the gifts, which he used to buy a new car and book a dream vacation to the United States and Canada next year.

The married father of two, who wishes to remain anonymous, currently has a stake worth another £ 61,000 that he plans to put towards his children’s future.

He told the Mirror: ‘It has changed our lives. It’s something you dream of. ‘

A senior manager, who also wants to remain anonymous, sold up to £ 100,000 worth of stock to pay for his wedding and the deposit of the couple’s first “dream” home.

The 30-year-old, who started at the company as an apprentice, still has £ 600,000 worth of stock.

“I’m from a working-class family and this is amazing and humbling,” he said.

“I have young children and this will allow me to help my children.”

Mr Molding was born in Colne, near Burnley in Lancashire.

He has seen his life change after turning The Hut Group into one of the largest tech firms in the country.

His 25% stake is worth around £ 1.6bn, and a rise in his share price prompted a payment of £ 830m.

His first job was washing dishes and he was expelled from college for missing classes.

After working in a factory, he started selling CDs online, before starting to manage websites for other retailers.

The Hut Group, an e-commerce platform that operates more than 100 retail websites, sells everything from mascara to vegan protein bars.

It floated on the stock market in September and is now worth £ 6.3 billion.

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