Matt Hancock is a well-known figure in British politics, having served as a Member of Parliament and holding key ministerial positions.
Beyond politics, he has garnered public attention for his appearances in media and reality television. With a career spanning government roles, television appearances, and business ventures, many people are curious about his financial standing.
In recent years, Hancock’s earnings have extended beyond his political salary, with book deals, reality TV earnings, and other income streams contributing to his wealth.
This article delves into his net worth in 2025, his income sources, financial controversies, assets, and what the future holds for his finances.
Who is Matt Hancock?
Matt Hancock was born on October 2, 1978, in Chester, England. Raised in a family with a business background, he pursued education at Oxford University before obtaining a Master’s degree from Cambridge.
Some key details about his personal background include:
- Age: 46 years old as of 2025.
- Birthplace: Chester, Cheshire, England.
- Parents: His family had a background in business, which may have influenced his later interests in economics and finance.
- Education: Studied Philosophy, Politics, and Economics (PPE) at Exeter College, Oxford, followed by a Master’s at Cambridge.
Hancock entered politics in the early 2000s, working in economic and business policy before securing his seat as the MP for West Suffolk in 2010.
His rise in politics saw him holding various ministerial roles, most notably as the Secretary of State for Health and Social Care during the COVID-19 pandemic.
How Did Matt Hancock Make His Money?
Matt Hancock’s income sources are diverse, spanning politics, media, publishing, and investments. While his MP salary formed the base of his earnings, other revenue streams contributed significantly to his wealth.
His primary sources of income include:
- Parliamentary salary: As an MP, he earned a fixed annual salary.
- Government positions: During his tenure as Health Secretary, he earned a higher ministerial salary.
- Reality television: His appearance on I’m a Celebrity reportedly added hundreds of thousands of pounds to his income.
- Book deals: His political memoirs and books on governance brought in additional revenue.
- Speaking engagements: He has been invited to events as a speaker, which contributes to his earnings.
His ability to capitalise on media opportunities has significantly boosted his income beyond politics.
What is Matt Hancock Net Worth in 2025?
As of 2025, Matt Hancock’s net worth is estimated to be in the range of £2 – £5 million. His financial standing has evolved significantly over the years, driven by multiple sources of income.
His earnings primarily come from:
- Salary as a Member of Parliament: Although no longer a minister, Hancock continues to receive an MP salary.
- Television appearances: His participation in I’m a Celebrity… Get Me Out of Here! reportedly brought in a significant sum.
- Book deals: His memoirs and books discussing his experiences in government have been another source of income.
- Business ventures and investments: Hancock has explored business opportunities outside politics.
While the exact figures of his net worth are subject to estimates, it is believed to be in the range of £2 million to £5 million based on available reports and his known earnings.
His financial growth can be attributed to the diversified sources of income beyond his governmental salary.
How Much is Matt Hancock Predicted Net Worth in 2026?
Forecasting Matt Hancock’s net worth for 2026 depends on his career trajectory and future financial ventures. If he continues securing book deals, media contracts, and possibly explores new business ventures, his wealth could see further growth.
Factors influencing his future net worth include:
- Potential new television appearances or documentary projects.
- Increased revenue from book sales and speaking engagements.
- Investment in business ventures or real estate.
Although political roles provide a steady income, Hancock’s future wealth will likely depend on his media engagements and investments. If these avenues remain profitable, his net worth could surpass his 2025 estimates.
How Much Did Matt Hancock Earn as an MP?
Matt Hancock’s earnings as a Member of Parliament were based on the standard salary structure for UK MPs. As a public servant, his income came from taxpayers’ money, and his salary increased when he took on ministerial roles.
- As a Member of Parliament, Hancock earned a base salary of approximately £86,000 per year. This salary is the standard amount paid to all MPs in the UK, regardless of their party or position in government.
- In addition to his MP salary, Hancock received further earnings when he was appointed as a Cabinet Minister. As the Secretary of State for Health and Social Care, his annual earnings increased, including additional allowances and expenses for his ministerial responsibilities. The exact figures of these allowances are not always publicly disclosed, but they significantly raised his overall earnings.
- MPs also receive benefits such as pension contributions and office expenses, which are covered by the government. These expenses include staffing costs, office rent, and travel expenses, ensuring that MPs can carry out their duties effectively.
While Hancock’s parliamentary salary provided financial stability, it was his ventures outside of politics that contributed significantly to his wealth.
His transition into media and entertainment, along with other business pursuits, led to a considerable increase in his overall net worth.
How Much Did Matt Hancock Earn from I’m a Celebrity?
Matt Hancock’s decision to participate in I’m a Celebrity… Get Me Out of Here! in 2022 was met with both criticism and curiosity. It was a significant departure from his political career, and many questioned his motivations for joining a reality television show while still serving as an MP.
- Reports indicate that Hancock was paid around £400,000 for his participation in the show. This amount made him one of the highest-paid politicians to ever appear on the program.
- His appearance sparked controversy, with some seeing it as an attempt to rebuild his public image after stepping down as Health Secretary, while others believed he was purely financially motivated.
- While Hancock pledged to donate a portion of his earnings to charity, it was revealed that he kept most of the payment for himself. His decision to enter the jungle while still serving as an MP led to criticism from both his constituents and political colleagues.
Despite the backlash, Hancock’s time on I’m a Celebrity brought him mainstream recognition beyond politics, opening doors for further media opportunities that could contribute to his net worth in the future.
Does Matt Hancock Have Any Business Ventures or Investments?
While Hancock is primarily known for his political career, he has also shown interest in business and investment opportunities. Unlike some politicians who focus solely on public service, Hancock has explored different ways to expand his financial portfolio.
- There have been reports of potential investments in the technology and business sectors, though the exact details remain largely private. Given his background in economics and finance, it would not be surprising if he has been involved in business dealings beyond politics.
- His role as Health Secretary during the COVID-19 pandemic also brought connections to private sector firms, some of which were involved in government contracts for PPE and medical supplies.
- While there is no confirmed evidence of Hancock owning a business, it is likely that he has financial interests outside of politics, including potential real estate investments and shares in private companies.
Hancock’s financial decisions indicate that he may be preparing for a future outside of politics, ensuring that he maintains a steady income through various business ventures.
What Are Matt Hancock’s Biggest Financial Controversies?
Matt Hancock has faced several financial controversies, particularly related to his role as Health Secretary during the COVID-19 pandemic. His handling of government contracts and public funds has been a subject of scrutiny, leading to criticism from opposition parties and the general public.
- One of the biggest controversies involved the allocation of PPE (personal protective equipment) contracts during the pandemic. Critics accused Hancock of favouring certain suppliers, leading to allegations of cronyism and mismanagement of public funds.
- There were also concerns about his relationship with private healthcare firms, with some questioning whether government contracts were awarded to companies linked to personal connections.
- Hancock’s decision to appear on reality TV while still an MP was another source of controversy. Many believed he should have focused on his parliamentary duties instead of taking time off for personal financial gain.
Despite these controversies, Hancock has continued to seek new opportunities in media and business, suggesting that he is more focused on financial success than public perception.
What Properties and Assets Does Matt Hancock Own?
Hancock has invested in real estate, although the details of his property holdings remain largely private. Given his earnings from politics, television, and book sales, it is likely that he owns multiple properties.
- Many former politicians invest in real estate as a stable financial asset, and Hancock is expected to have followed a similar approach.
- While there are no confirmed reports of luxury properties, he is believed to have made real estate investments that contribute to his wealth.
Property investments are often a key strategy for financial security, and Hancock’s wealth suggests that he has likely built a portfolio in this sector.
How Does Matt Hancock Spend His Money?
Matt Hancock’s spending habits reflect a balance between maintaining financial security and enjoying the benefits of his earnings.
- Real estate investments are likely a major component of his financial planning, ensuring long-term stability.
- Travel and lifestyle expenses suggest that he enjoys the benefits of his financial success. Given his time in the public eye, maintaining a certain lifestyle is expected.
- Philanthropy has also been a part of his spending, particularly in terms of charity donations from his I’m a Celebrity earnings. However, he has faced criticism for not donating a larger portion.
While Hancock may not be known for extravagant spending, his financial decisions indicate a focus on long-term wealth growth and security.
What is Matt Hancock’s Latest News?
Matt Hancock has once again made headlines, this time for his defence of government decisions during the COVID-19 pandemic.
His recent appearance at the UK Covid-19 Inquiry saw him strongly criticising the investigation, calling its approach “wholly naive” and “inappropriate.”
Hancock’s Defence of PPE Contracts
One of the key topics discussed during the inquiry was the government’s handling of PPE (personal protective equipment) contracts during the pandemic.
Hancock defended the controversial VIP lane, a system that prioritised PPE suppliers who had political connections. He stated that the country was in a desperate situation at the time and that this system was necessary to quickly secure supplies.
The inquiry had previously heard concerns from experts about the handling of PPE procurement.
A report by Prof Albert Sanchez-Graells from the University of Bristol found that similar prioritisation systems did not exist in Scotland, Wales, Northern Ireland, or other countries.
However, Hancock dismissed such reports, saying that academics “don’t understand what it was like at the time.”
Controversy Over the High-Priority Lane for PPE Contracts
Hancock denied being involved in setting up the VIP lane but said he was not surprised by its creation, calling it “standard practice.”
This system allowed firms with political connections to be fast-tracked for government contracts, leading to accusations of cronyism and a lack of transparency.
Despite the backlash, Hancock stood by his decisions, insisting that the government’s priority was saving lives and that the system ensured that high-quality offers reached senior decision-makers.
£30m Contract to a Pub Owner Sparks Questions
The inquiry also questioned Hancock about a £30 million contract awarded to a firm run by Alex Bourne, a pub landlord from Hancock’s own West Suffolk constituency.
The firm was given the contract to produce vials for COVID-19 testing.
- Emails revealed that Hancock had personally passed on communications from Bourne to then Health Minister Lord Bethell, calling him a “very impressive guy.”
- When questioned, Hancock said his actions were “impeccable” and accused the inquiry’s chief counsel, Richard Wald KC, of cherry-picking evidence to make headlines.
- He also described the line of questioning as “terribly pejorative” and “totally inappropriate.”
Hancock Clashes with the Inquiry’s Chair
The tense session ended with Baroness Heather Hallett, the chair of the inquiry, intervening to remind Hancock that the investigation was not about “criticising people” but about learning lessons from the pandemic to improve future responses.
She noted that Hancock was not the first witness to feel attacked and likely wouldn’t be the last.
Conclusion
Matt Hancock’s net worth in 2025 is a result of his diversified income streams. While politics provided him with a steady salary, his television appearances, book deals, and business engagements have significantly increased his earnings.
Looking ahead, his wealth may continue to grow through further media engagements and potential business investments. Despite controversies, Hancock has established himself as a financially influential figure beyond politics.
FAQs
How did Matt Hancock’s net worth grow after leaving government?
His financial growth was mainly due to television appearances, book deals, and speaking engagements.
What was Matt Hancock’s highest-paying job?
His most lucrative role was likely his television appearance on I’m a Celebrity.
Has Matt Hancock invested in businesses?
While there are reports of investments, specific details remain undisclosed.
What was Matt Hancock’s salary as Health Secretary?
As a cabinet minister, he earned an annual salary higher than a regular MP.
Did Matt Hancock donate his earnings from reality TV?
He donated a portion of his earnings but retained a significant amount.
