Personal Life
He married Elizabeth "Betsy" Fremantle, daughter of the 5th Baron Cottesloe, in 1982. The couple have four children, and live in a rented house on his father-in-law's estate in Swanbourne, Buckinghamshire.
His wealth is estimated at £1 million much of which has been earned by working as a high end after dinner speaker.
Duncan Smith has been reported to support both Tottenham Hotspur where he holds a season ticket and Aston Villa. Gareth Southgate cited Duncan Smith when he remarked after England's 2002 World Cup quarter-final defeat against Brazil that "we were expecting Winston Churchill and instead we got Iain Duncan Smith." This comparison was seen as being a scathing criticism of the then England manager Sven-Göran Eriksson's quiet and understated approach to management.
Read more about this topic: Iain Duncan Smith
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“A man lives not only his personal life, as an individual, but also, consciously or unconsciously, the life of his epoch and his contemporaries.”
—Thomas Mann (1875–1955)