Hargreaves Lansdown co-founder Stephen Lansdown, who last month pocketed £58m after selling a 3% stake in the firm, says he would be a saver if it wasn't for his commitments as owner of Bristol City football club.
However, Lansdown, who lives in Guernsey to avoid paying 50% tax, told the Sunday Times although some of his money from the recent share sale will be put towards the club, a large chunk is kept in cash or short-dated bonds. He says: "I would like to say I'm a saver but as I own a football club, I am definitely a spender. "It is impossible to keep my deposits within the £50,000 [FSCS] limit per institution but I spread my money through different banks, looking for the best rates. There are some attractive offers coming out for six- or 12-month fixed accounts from banks such as HSBC. ...
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