Rishi Sunak’s old boss & billionaire hedge fund manager paid himself £575million amid cost of living crisis

THE billionaire hedge fund manager and former boss of the PM has paid himself a record £575million.

Sir Chris Hohn, who runs TCI Fund Management, will effectively get £1.57million a day from the dividend.

It is thought to be the biggest payout for a Briton after the accounts were filed with Companies House this week.

PM Rishi Sunak worked at London-based TCI as an analyst between 2006 and 2009.

The payout is likely to anger people struggling to pay their bills in the current cost of living crisis.

Sir Chris, 56, son of a car mechanic, is one of Britain’s most successful investors and is estimated to be worth around £6.7billion.

Last month he called for Google’s owner Alphabet to cut staff and drive down wages.

He was knighted for charity work in 2014 and his fund has given £19.5million to its foundation in the past year alone.

He has helped bankroll climate change activists Extinction Rebellion.

In 2019, he said he had personally given “£50,000 because humanity is aggressively destroying the world with climate change”.

Ex BHS boss Sir Philip Green had a £1.2billion dividend in 2005 but that was made tax-free to his wife Tina in Monaco.