Boris Johnson reportedly lived in a luxury London property “around the corner from Harrods” owned by the wife of wealthy Conservative donor Lord Bamford.

Since being forced to step down as Prime Minister last September, Johnson has reportedly been living in a £20m Knightsbridge property owned by Carol Bamford, wife of JCB tycoon Anthony Bamford. The Independent.

A mirror also reported that Johnson and his family had been using another property owned by Bamford since leaving as Prime Minister Johnsonhis wife Carrie and their son lives in a cottage on Lord Bamford’s Daylesford estate in the Cotswolds.

The paper claimed Johnson had been living in the properties “for free” after being ousted from No 10, despite his speaking earnings being “more than a million pounds”. Johnson accepted housing worth around £40,000 from Lady Bamford in the four months after he stepped down. paper claimed, though he added that an aide said Johnson did pay “some” rent, but did not disclose exactly how much.

This is not the first time Johnson has been linked to the billionaire tycoon and his family. The Bamfords allowed Boris and Kerry to use their 18th-century mansion, Daylesford House in Gloucestershire, as the venue for their wedding last summer, said Guardian.

Who are the Bamfords?

Lord Bamford, a prominent Conservative and staunch Brexiteer, is chairman of construction equipment manufacturer JCB. The billionaire businessman has been a major donor to the Conservative Party for decades and has made donations and gifts totaling “more than £10m” since 2001, The Guardian reports.

In 2013, David Cameron made Bamford a life peer, having been knighted in 1990. He backed Johnson’s successful bid for Conservative Party leader in 2019.

Bamford, now 77, attended Ampleforth College in North Yorkshire – sometimes known as ‘Catholic Eton’ – and went on to study at the University of Grenoble in France before taking over the family business in 1975, aged 30.

In 1974 he married Carol, whom he describes Financial Times as a “gymnast from Nottingham” who had a career as a flight attendant before meeting Bamford.

The family has long run afoul of Britain’s richest and most powerful, making their close relationship with Johnson unsurprising.

In 2006 The Independent described the ‘yellow digger tycoon’ as having a ‘social position virtually unrivaled in modern Britain’, with his ‘enormous wealth’ giving him ‘influence in aristocratic circles’ as well as ‘influence in politics at the highest level’ .

The newspaper added that he was on “first name terms” with then prime minister Tony Blair, David Cameron and the Prince of Wales – now King Charles III.

His wife, Carol, was also popular in exclusive circles, dining with “Joan Collins, Sir David Frost and Nick Mason”, while “various Goldsmiths, Weinbergs and Rothschilds are said to have attended her lavish 60th birthday party year”. Since 2002, she has run luxury organic retailer Daylesford Organic from a 1,500-acre estate near Chipping Norton, which in 2020 reported revenues of more than £11 million.

Where does their wealth come from?

The family’s “extraordinary” success story began in 1945 when Bamford’s father, Joseph Cyril Bamford, whose initials JCB form the company name, started his business selling excavators in Staffordshire, according to The Independent.

The company thrived on the wave of the post-war building boom and by 1975, when Anthony took over, annual sales had reached £44 million. Four years later, sales had grown to £120 million and JCB had been successfully transformed into one of Britain’s most valuable private companies.

However, the last few years have been difficult for JCB as business operations have been affected by the Covid-19 pandemic and war in Ukraine.

Sunday Times rich list reports that profits “more than halved to £130.1m in 2020, with turnover down almost 25 per cent to £3.1bn”. After the invasion of Ukraine, JCB suspended all operations in Russia, which is expected to further hit the company’s revenues. However, Lord Bamford and his family were worth £4.32bn in last May’s Rich List.

https://www.theweek.co.uk/news/politics/959241/lord-and-lady-bamford-jcb-profile

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