Blair earns £710K from mysterious web of companies

Last Updated: Sunday, December 26, 2010 - 13:06

London: Former UK prime minister Tony Blair earned a profit of at least GBP 710,000 last year, it can be revealed.

The profits came from a mysterious web of companies set up to further his business interests, reports the Telegraph.

His firms also declared net assets of GBP 2.2 million - four times what they were worth last year - suggesting Blair`s "pulling power" is as strong as ever.

The profits were declared to Companies House as it closed for business for Christmas last week.

The money, funnelled through an "opaque" and highly complex web of financial structures, is believed to have come from his often controversial private work, including his six-figure speaking fees, his banking and insurance consultancies, including work for JP Morgan, and his pay from advising Middle Eastern and African regimes.

Blair has a commercial consultancy, called Tony Blair Associates, plus paid jobs advising a US bank and a Swiss insurer.

In addition, millions of pounds have passed through two parallel company structures, called Windrush Ventures and Firerush Ventures, in the last three years.

Blair, who has made at least GBP 20 million since leaving Downing Street, has so far refused to discuss what these financial structures, centred on a pair of mysterious limited partnerships, are for.

What Firerush does is still a mystery, the several companies linked to Blair with that name have yet to make any financial declarations.

ANI



First Published: Sunday, December 26, 2010 - 13:06

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