Official statements from Reform UK or verified financial disclosures

Billionaire Nick Candy Joins Reform UK, Donates Seven-Figure Sum, Pledges £40 Million Fundraising

Dec 10, 2024, 10:01 AM

Nick Candy, a billionaire UK property developer and former Conservative Party donor, has defected from the Tories to join Nigel Farage's Reform UK as its new treasurer, effective in the new year. Candy, who is married to actress Holly Valance, has pledged a significant financial contribution to the party, including a seven-figure sum from his own wealth. He stated his intention to raise more than £40 million to support Reform UK's efforts to challenge the established political parties and help Farage become the next Prime Minister, declaring, "Nigel is going to be PM." Candy has reportedly already secured £3 million in donations from business people. He accused the Tories of "broken promises" and a "breach of trust with the wealth creators in our country." The move comes amid a series of defections to Reform UK, including Suella Braverman's husband, fueling speculation that the former Home Secretary might also join the party. Additionally, Elon Musk is reportedly considering giving $100 million to Reform UK, and Candy confirmed he spoke with Musk following his defection. Nigel Farage has welcomed Candy's support, stating that it demonstrates Reform UK's growing momentum in British politics.