The founder of fashion retailer Pretty Little Thing has placed his staff into furlough - despite being worth £1bn.
Tycoon Umar Kamani, 32, has put 86 members of staff at his Manchester-based company into furlough, while he enjoys a lavish lifestyle in Dubai.
Umar is one of many businesses who have decided to use the government's scheme which uses taxpayers money to pay 80 per cent of their wages.
But Mr Kamani doesn't appear to be phased by the lockdown or the decision to furlough his staff when he posted a photo on Instagram of his Dubai home, along with his girlfriend Nada Adelle, 26, on April 18, with the caption 'isolationship'.
Pretty Little Thing reported a turnover of £374m in 2018, six years after Umar launched the company.
His father Mahmud founded internet fashion company Boohoo, which led Umar to launching his own company in 2012.
Umar lives a luxurious lifestyle - he owns two Rolls-Royce cars, a Lamborghini worth £300,000 and other expensive cars.
He is friends with some of the world's most famous celebrities, such as Denzel Washington, Jennifer Lopez and Kylie Jenner, and others.
Umar also made £5m from an investment company that is developing a news coronavirus antigen test, according to reports.
He spent £1m in shares in Avacta Group. which is working with US-based Adeptrix to develop a Covid-19 test.
Mr Kamani paid 18p a share for stock in the company but shares continue to spike as the company continues to work on a test.
Commenting on the decision to place its staff into furlough, a Pretty Little Thing spokesperson told the Mail Online : "We are entering an unprecedented period and while it is too early to quantify the future impact of Covid-19, we are taking measures to position the business to protect jobs going forward and keep the business on a strong financial footing in what we expect to be a temporary environment.
"It is important to note that Pretty Little Thing staff are still being paid their full salary as a result of the Government furlough initiative and the company's decision to 'top up' salaries so they receive 100 per cent of what they would usually be entitled to each month."
The spokesman added that some staff would be returning to work on Monday.
