Martin Lewis the Money Saving Expert just got a £19 million windfall

Martin Lewis, the man who rose to fame saving people money on his website, has just come into a lot of cash.

Lewis has landed a £19.2 million bonus after hitting “certain non-financial metrics” linked to the sale of his website to price comparison website 3 years ago.

A journalist by trade, Lewis set up in 2003 to give people advice on how to save money on bills and advertise good deals. The hugely popular site gets around 15 million users a month.

In September 2012, Lewis sold the website to for a total of £87 million. The deal saw Lewis receive £35 million cash upfront in addition to 22.1 million shares in and £27 million in future payments.

That final £27 million chunk has on Friday been unlocked, although Lewis hasn’t nabbed all of it as it was performance linked. Moneysupermarket is paying a total of £20.6 million in bonuses to staff, with the lion’s share going to Lewis.

Lewis, who remained editor in chief of after the sale, is now taking on the role of executive chairman at the site.

He says in a statement: “Over the last three years, MoneySavingExpert has continued to thrive and grow, cutting millions of people’s bills and fighting their corner. I am as excited as ever for the future of the site.

“On the back of receiving this payment the charity, Citizens Advice, will receive another £1 million. Also from my existing charity fund, both the Trussell Trust and the Personal Finance Education Group will get £500,000 to fund their important work in financial triage and education.” also put out a trading update on Friday. Here are the highlights, which cover the three months to September 30:

  • revenues up 14% on last year to £67 million.
  • revenues up 41% on last year to £8.5 million.
  • revenues up 16% to £7.2 million.
  • Group revenues up 14% to £76.2 million.

NOW WATCH: JAMES ALTUCHER: ‘Warren Buffett is a f—–g liar’

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at