Kind boss changes lives of his 430 workers, gives them over N512bn

Kind boss changes lives of his 430 workers, gives them over N512bn

- Matt Moulding, popularly known as online boss, has given out the sum of £1 billion () in shares to his staff

- No fewer than 74 people working for him have become instant millionaires as people spoke about how the money gave them their dreams

- Apart from the gift, the Hut Group CEO is working on giving out all his monthly income to charity

A very generous man, Matt Moulding, has donated a whopping sum of £1 billion (almost GHC8 billion) to all staff in his company as a way to set them up for life.

Metro reports that the money in shares is the sum that his staff have received in the last 10 years, adding that the company has created the most millionaires in the British corporate history.

The CEO said:

"The shares are 100% gifted, no-one has had to pay anything. We have genuinely changed so many lives."

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Matt said that from that gesture alone, 74 people in his company became millionaires. Out of those who are beneficiaries are managers, warehouse workers and secretaries.

The 48-year-old man said more people will become richer as £175 million will soon be given out again in shares.

It should be noted that Moulding earlier planned on giving his £750,000 salary to school leavers and graduates needing help.

Another great thing worthy of note is that his driver of two years was gifted £40,000 (N20,440,116.60), the wealth he used to get himself a car and plan a vacation.

Kind boss changes lives of his 430 workers, gives them over N512bn
The man said that more of the company's wealth will be given out. Photo source: Metro UK
Source: UGC

The driver also currently has £61,000 in shares which he will invest in his children’s future as he said the gift has changed everything about his life.

A senior manager who works with Moulding said he used his £100,000 to fund his wedding and make a huge deposit on his first home.

The 30-year-old man who climbed up the corporate ladder from being an apprentice said his gifted shares in the company are presently worth £600,000.

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It should be noted that Moulding who started out in life as a dishwasher has 25% shares of his life-changing company.

Meanwhile, YEN.com.gh earlier reported that Adam Deering was refused a loan of £10,000 when he was 22 years old, and 17 years later, the Manchester businessman bought the bank.

The bank made the decision after coming to a conclusion that Deering was too young and inexperienced at the time.

The businessman, who needed the money to invest in his business idea, did not let the rejection discourage him in pursuing his dreams.

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Source: Yen.com.gh

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