Martin Lewis is a trusted financial advisor within the nation. When the country is going through a cost of living crisis, many turn to him to get the latest information on where to invest and how to save money.
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But what do we know about Martin Lewis, except that his advice is usually quite good? The man who has been on TV since the beginning of the millennium has managed to become a household name, appearing on many shows as well as having his own. On top of that, Lewis works as a columnist for several publications such as The Guardian and The Sunday Post.
Here’s a look at how much Martin Lewis has made and how he became the trusted expert we know today.
Martin Lewis’ humble beginnings
According to Martin Lewis himself, who wrote an introduction on the website moneysavingexpert.com, the business venture started in 2003 and cost him only £80. Lewis explains:
It's funny to look back at the birth of MoneySavingExpert – in many ways it went viral before the term viral did.
Indeed, the website quickly became a sensation. Lewis explains that, at first, he would only send his ‘money tips’ to friends when he couldn’t include them in his TV segments. But what Lewis thought was just a cheeky email to friends ended up being sent to more people than he thought. He says:
I was at a party and people I'd never met before were thanking me for the emails. My friends had been forwarding it to their friends.
After that Martin Lewis set up a mailing list because, well, that was just easier. Very quickly the email was reaching millions of people. And that’s how Money Saving Expert was born. The expert refers to it as an ‘instinctive thing’ instead of a plan executed by a master.
At first, the tips were about saving money on bills, information on mortgages or insurance. Everything was relatable and very much based on what people actually needed. And that’s why Martin Lewis is successful. Lewis also gives more aggressive tips with the catchphrase:
A company's job is to screw you for cash, our job is to screw 'em back.
Today, about 15 million people are signed up to the mailing list and millions watch Martin Lewis on TV.
How much is Martin Lewis worth
Thanks to the success of Money Saving Expert, Martin Lewis has been able to make a considerable amount of money.
The triumph of the mailing list gave Lewis the opportunity to write books. He also has several contracts with TV channels to appear on shows such as This Morning or Lorraine. On top of those, as mentioned before, he writes for multiple publications, increasing his sources of income.
Finally, most of his net worth comes from the sale of the Money Saving Expert website. This move reportedly made Lewis around £83 million. Even though Lewis sold the website he is still involved as Executive Chair.
Adding this to his other business ventures, it is believed that Martin Lewis has a net worth of £123 million.
It seems like, indeed, Martin Lewis does know what he’s doing with his money …
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