The Hut’s Matt Moulding on why donating £100m from IPO is just ‘good karma’
After launching the UK’s biggest IPO in five years, The Hut Group (THG) founder and chief executive Matt Moulding has made the bold decision to donate £100m of shares to charity.
Most chief executives would be looking to buy another yacht or invest in other companies, but Moulding has chosen to distribute his significant fortune between a range of charities, through his newly created Moulding Foundation in an act of ”good karma”.
”It’s a necessity. It’s a responsibility that you get when you get to this position [to give to charity],” he said.
”I can’t even believe I’m in the position to do this – it’s bizarre for me that I’m even having this conversation.
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