[9] He subsequently invested in London-based conglomerate Lonrho, eventually owning 340 shares, and reportedly caused the company's chairman Lord Duncan-Sandys "discomfort" by quizzing him at an annual general meeting on the low dividends offered to shareholders.
In 1981, at a shareholders' meeting of GEC, in which he owned 175 shares at the time, he told the chairman Lord Nelson that the dividend on offer was "pathetic", sparking amusement among board members and the media.
"[54] Rees-Mogg's wealth has been estimated to be in excess of £100 million when combined with his wife's expected inheritance, which, according to The Guardian, has left him open to the criticism that he cannot understand the lives and concerns of many ordinary people.
[59] Rees-Mogg first entered politics at the 1997 general election at which, aged 27, he was selected as the Conservative Party candidate for Central Fife, a traditional Labour seat in Scotland.
In 1999, when it was being rumoured that his "anachronistically posh" accent was working against his chances of being selected for a safe Conservative seat, Rees-Mogg was defended by letter writers to The Daily Telegraph, one of whom claimed that "an overt form of intimidation exists, directed against anyone who dares to eschew the current, Americanised, mode of behaviour, speech and dress".
In his long speech on the Sustainable Livestock Bill, he recited poetry, spoke of the superior quality of Somerset eggs, and mentioned the Empress of Blandings, a fictional pig who won silver at the Shropshire County Show three years in a row, before moving on to talk about the sewerage system and the Battle of Agincourt.
[87][88][89][90] He also jokingly attempted to amend the Daylight Saving Bill to give the county of Somerset its own time zone, fifteen minutes behind London.
[91] In a December 2011 debate on London Local Authorities Bill, he said that council officials with the power to issue on-the-spot fines should be made to wear bowler hats.
[98] In December 2014, Rees-Mogg was reported to the Independent Parliamentary Standards Authority for speaking in debates on tobacco, mining, and oil and gas without first verbally declaring he was a founding partner and director of Somerset Capital, which manages multimillion-pound investments in these sectors.
[101] After David Cameron resigned due to the United Kingdom's vote to leave the European Union, the Conservatives had a leadership election in which Rees-Mogg initially supported Boris Johnson.
[124] Following the 2017 general election, calls were made for Theresa May to step down as Prime Minister and leader of the Conservative Party after failing to win an overall majority in the House of Commons.
[140] Later that day, he submitted such a letter to Sir Graham Brady, the chairman of the 1922 Committee of backbench Conservative MPs and told reporters "What Theresa May says and does no longer match" but added, "this is nothing to do with personal ambition".
[146] Despite losing the vote, Rees-Mogg continued his calls for May to resign as leader the following day, stating that the Prime Minister had "clearly lost the support of the back benches of the Conservative Party".
[147] Rees-Mogg received criticism for his role in this effort from a fellow Conservative MP Tobias Ellwood, who called his actions "destructive", "divisive" and "selfish".
On 3 September, Rees-Mogg became subject of criticism by fellow MPs after a picture of him reclining on the bench of House of Commons during a debate about the Brexit was published in the media.
[163] In 2020 Rees-Mogg accused UNICEF of a political stunt after it announced for the first time in its 70-year history it would be providing food parcels to children in deprived areas of London prior to Christmas.
During a 2021 Commons debate, where Plaid Cymru Westminster leader Liz Saville Roberts wished people "Happy St Patrick's Day" in Welsh and Irish, Rees-Mogg replied that "modest quotation in foreign languages is permissible" but not full speeches.
[187] In the 2024 UK General Election, Rees-Mogg contested the new constituency of North East Somerset and Hanham, losing to Dan Norris of the Labour Party.
[202][203] Writing in The Daily Telegraph in May 2013, the Eurosceptic Rees-Mogg asked whether it was time to make a "big open and comprehensive offer" to the UK Independence Party (UKIP).
Speaking at the Oxford Union, he described the EU as a threat to British democracy and to the sovereignty of parliament citing various countries' rejection of the European Constitution which was later implemented via the Treaty of Lisbon.
"[211][212] In April 2019 Rees-Mogg was criticised online after he tweeted a video of a speech made by Alice Weidel, the co-leader of Alternative for Germany (AfD) party.
[218][219] In February 2018, police launched an investigation after Rees-Mogg was caught in the middle of an altercation at a university campus when left wing protesters disrupted a student event in Bristol.
[226] Rees-Mogg was one of 100 MPs who wrote to David Cameron successfully pressurising the government to withdraw subsidies and change planning rules for onshore wind.
[243] According to Nigel Farage, Rees-Mogg believes a poster featuring the words "breaking point" overlaid on an image of columns of Syrian refugees entering Europe "won the referendum" for the Leave campaign.
[255] In October 2017, it was reported that Somerset Capital Management, of which Rees-Mogg was a partner, had invested £5m in Kalbe Farma, a company that produces and markets misoprostol pills designed to treat stomach ulcers but widely used in illegal abortions in Indonesia.
[259] In October 2017 Rees-Mogg presented talk radio station LBC's morning show for a day, where he discussed Brexit, foreign policy and the T-charge with callers, including Liberal Democrat leader Vince Cable.
[261] Rees-Mogg has his own dedicated podcast known as 'The MoggCast', which, in association with ConservativeHome, features him discussing a wide array of current events on a fortnightly basis.
The show received mix reviews,[268] with Nick Hilton of The Independent deeming it "toothless, vapid, and not really fair on the kids",[269] while The Guardian's Joel Goldby called it "impeccable reality TV".
[270] Rees-Mogg has cultivated a public image as a quintessentially English gentleman,[271] whose anachronistic upper-class mannerisms and consciously traditionalist attitudes have led to him being dubbed the "Honourable Member for the 18th century".
[136] In 2017 the commentator Suzanne Moore compared Rees-Mogg to Boris Johnson, Nigel Farage, and Donald Trump, suggesting that like them "he embodies the three things that many people require of modern politicians: a veneer of authenticity; an ability to cut through perceived liberal wisdom; and enormous privilege that is flaunted, rather than hidden.