Richard Grosvenor Plunkett-Ernle-Erle-Drax, a British Conservative politician, journalist, and landowner, serving as the Member of Parliament (MP) for South Dorset, is estimated to have a net worth of over £150 million.
Drax attended Harrow School, where he received a diploma in rural land management in 1990 and a diploma in journalism in 1995.
He has been serving as the Member of Parliament (MP) for South Dorset since 2010.
Drax was born and raised on January 29th, 1958 in a wealthy family. Drax is the eldest son of Henry Walter Plunkett-Ernle-Erle-Drax JP DL and The Hon. Pamela Weeks.
He is the grandson of Admiral Henry Walter Plunkett-Ernle-Erle-Drax JP DL. and The Hon. Sir Reginald Drax. He is the younger son of the 17th Lord Dunsany, thus becoming heir to the ancient Barony of Dunsany (cr. 1462), Ireland’s second oldest title.
Zara Legge-Bourke, the younger sister of Tiggy Legge-Bourke, now Pettifer, was his first wife. Drax has four children and has been married twice more.
Richard Drax Net Worth 2022
Richard Drax is estimated to have a net worth of over £150 million. His primary source of income comes from his profession as a journalist and politician. He also owns a substantial amount of land.
Drax’s ancestors reportedly made their riches through slavery, according to the Daily Mirror.
According to a 2020 investigation by The Guardian, Richard Drax still owns and grows sugar on the same Drax Hall Estate in Barbados that generated the family’s fortune.
According to Professor Sir Hilary Beckles, chair of CARICOM’s Reparations Commission, 30,000 slaves died on this and other Drax plantations over 200 years.
Between the 1680s and 1880s, at least six of his relatives served in parliament in Dorset and Gloucestershire, including John Samuel Wanley Sawbridge Erle-Drax and John Plunkett, 17th Baron of Dunsany.
Richard Drax Salary and Career Earnings
Drax is one of the wealthiest politicians and one of the most well-known.
As a director of Morden Estates Company Limited, The Estate Office, Charborough Park, Wareham, Dorset, a property company that manages a number of family-owned properties, his accommodation provides him with an annual value of more than £47,500 per annum.
Drax lives in his family’s ancestral seat, Charborough House, a Grade I listed manor house in rural Dorset. He holds the lordship of the manor of Longburton, making him the largest individual landowner in Dorset. He owns approximately 2% of the land in Dorset.
The politician also owns the 2,200-acre Ellerton Abbey farming estate in North Yorkshire and the nearby 520-acre Copperthwaite Allotment grouse moor. These properties are highly valued and they also give him rental earnings.
He owns shares in companies, including Morden Estates Company Ltd, Abbotts Court Farm Company (Holdings) Limited, and AMF Co Holdings Ltd.
Meet Richard Drax On Twitter
Richard Drax is active on Twitter under the handle name @DraxNot, which has 859 followers.
Most of the posts on his handle are about his professional endeavors. He likes to talk about social issues and concerns through his handle.