fundsmith investment services limited: Live & Latest News Updates : Vimarsana.com
Subscription Notification
We have noticed that there is an issue with your subscription billing details. Please update your billing details here
Please update your billing information
The subscription details associated with this account need to be updated. Please update your billing details here to continue enjoying your subscription.
Your subscription will end shortly
Please update your billing details here to continue enjoying your access to the most informative and considered journalism in the UK.
MauritiusMauritianTerry-smithFundsmith-investment-servicesFundsmith-investment-services-limitedமொரீஷியஸ்டெர்ரி-ஸ்மித்Terry Smith's knockout payday caps journey from East End underdog to City champ
In just over a decade since the Square Mile boss launched his 'Ryanair of asset management' flagship fund it has become Britain’s largest
14 April 2021 • 6:00am
Terry Smith, one of Britain's best-known fund managers, has bagged a bumper payday of up to £125m after a record profit at his investment firm.
The entrepreneur's business Fundsmith generated profits of £48.5m in the year to March 2020, up from £26.4m the year before - entitling the fund manager to £29.7m, a 61pc share.
Ballooning payments from the British business to its Mauritius outpost mean that Smith, a resident of the Indian Ocean island, could have received a far higher figure even than this. Mauritius-based Fundsmith Investment Services Limited charged the business £158m during the year, up from £116m over the previous 12 months.
United-kingdomMauritiusIndian-oceanOcUnited-statesSwitzerlandBritainAmericanBritishSwissNeil-woodford