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OBSCENE LEVELS OF REMUNERATION The case of Terry Smith and Fundsmith LLP 
Terry Smith is understood to have been paid £36.4 million by Fundsmith LLP, and may have earned more from a related business in Mauritius, where he now lives Original article: Peter Burgess COMMENTARY Peter Burgess | ||
Fundsmith’s manager Terry Smith lands £36m payday
Ben Martin, Banking Editor The Times
Monday January 09 2023, 12.00am GMT,
Terry Smith is understood to have been paid £36.4 million by Fundsmith LLP, and may have earned more from a related business in Mauritius, where he now lives
REX FEATURES
Terry Smith, the star fund manager, stood to earn at least £36 million last year after his investment business enjoyed record annual profits.
Accounts filed at Companies House show Fundsmith LLP reported profits of £58.2 million in the 12 months to March, up from £57.7 million a year earlier. A single member of the partnership, thought to be Smith, took home the lion’s share, £36.4 million. This is the largest profit share distributed by the group to one of its members, according to an analysis by The Times.
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