Brexit Donor Hanged By His Own Gallow

    

A billionaire who was a major donor to the Brexit campaign reveals he has lost around £400million in the stock market meltdown since the referendum but insists: ‘I have no regrets'. 


Peter Hargreaves, the founder of financial advice firm Hargreaves Lansdown, said the shares he owns plummeted in value following last Thursday's vote to leave the EU.He was the biggest individual donor to the Leave campaign having given £3.2million to the cause.

But since the outcome was announced Mr Hargreaves has seen the value of his FTSE-100 listed company Hargreaves Lansdown fall by 24 per cent, according to The Guardian.

He bullishly insisted: 'I didn’t do this for personal gain. I thought it would first and foremost be good for Britain.'

The billionaire is now retired and no longer an executive of Hargreaves Lansdown but still owns 30 per cent of its shares.

A slump in price from £13.89 to £10.56 in the days since last Thursday's vote has wiped off more than £400million from Mr Hargreaves' £2billion holding.