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Nigel Farage paid £189,000 to be brand ambassador for gold company

The gold ambassador payment is over double the basic MP salary

Alicja Hagopian
Data correspondent
Wednesday 08 January 2025 06:20 GMT
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Nigel Farage has been paid tens of thousands of pounds to be the ambassador of a gold bullion company, the latest alternate income for the Reform UK leader.

The Member of Parliament for Clacton was paid £189,300 from Direct Bullion for a brand ambassador role in December, according to the latest MP’s register of interests. By comparison, the basic annual salary for an MP is £91,346, plus expenses.

The hefty sum amounts to just four hours of work per month, according to the self-reported register, and includes some work undertaken before Mr Farage was elected in July.

Reform UK leader Nigel Farage has a number of lucrative sidelines (Jacob King/PA)
Reform UK leader Nigel Farage has a number of lucrative sidelines (Jacob King/PA) (PA Wire)

Mr Farage appeared in a series of videos for the gold dealer beginning in March, touting gold as a capital gains tax-free investment option.

“I have been bullish [on] gold for over five years and am delighted with the results,” Mr Farage told the Independent.

This £189,000 sum adds to a long list of jobs for Mr Farage, ranging from social media influencer to GB news pundit.

This makes him one of the top-paid MPs in the country, with a total sum of at least £547,583 in payment for non-MP employment in 2024 according to his register of interests.

Mr Farage’s register of interests since he was elected include a self-estimated 456 hours of work for external paid opportunities, not including an estimated 16 hours per month (80 hours in total) writing for the Daily Telegraph.

This amounts to approximately 58 days of paid work for non-MP duties, or about 11.6 weeks, in the same period; or 68 days including his Telegraph gig.

Mr Farage told the Independent he did not believe that his multiple jobs distracted from his constituency work.

In December, Mr Farage received a further £42,076 for presenting on GB News, bringing his total registered salary from the network to around £220,000 since being elected. 

One of Mr Farage’s most lucrative side gigs is the video platform Cameo, for which he was paid £15,451 between November and December alone.

Cameo users can pay to receive personalised videos from Mr Farage, some of which have gotten him into hot water. His Cameo earnings total to approximately £53,000 since he began reporting his interests.

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