Pending agreement from MoneySupermarket shareholders, Martin Lewis, the creator of the MoneySavingExpert brand will receive £60 million upfront, made up of cash and shares, and a further £27 million conditional on meeting targets over the next three years. Martin has already pledged to give £10 million to charity, including £1 million to Citizens Advice. Martin has stood over the years as not so much the anti-capitalist but the leading figure in how to play the system and stand up for consumer rights.
He will retain control over the website, staying on as editor-in-chief for the next three years with a view to reduced working hours thereafter. Martin paid an obscure company £100 to set up his website in 2003, which in nine years has seen an incredible leap in value owing to its nearly 40 million unique visitors a year and five million email subscribers. Recent years of recession have simply served to further his popularity as he has appeared on several television shows as a pundit on money matters.
Money Saving Man wishes MoneySavingExpert all the best and is thankful for the inspiration!
