💬 'I am definitely a spender and not a saver. I have properties in London, Spain, Leeds and Dubai' 💬 'One of the reasons I made the move to Dubai was for the tax break' 💬 'Do I want to become a billionaire? I don't know'
series, we aim to find out how people in the UK or living overseas are spending, saving and investing money to meet their costs and achieve their goals., 42, who lives in Dubai with his girlfriend, Elena, 28. Matt is a millionaire and an investor and entrepreneur. He made his money running a strip club business, was declared bankrupt at the age of 27 and has been rebuilding himself back up ever since.
At this point in my life I was spending a lot of time in strip clubs. I set up Wildcats, a strip club business, in 2004. At its height, Wildcats was generating profits of around £3m a year. Turnover was great, the margins were very high and overheads were low. It was a very cash generative business. I was making money, but had huge debts to pay back as well and this is why we ended up in a pickle.started to kick in, lenders were calling in their loans and changing terms.
At present, I take a total of around £100,000 a month from my businesses. A lot of the money from my businesses gets reinvested back into the businesses.
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