DISPATCHES-Wonderful World Of Tony Blair
The emergence of the Saudi deal led to new criticism of Mr Blair’s role as a Middle East envoy, but he strongly denied there is a conflict of interest.
The contract between Tony Blair Associates (TBA) and PetroSaudi signed in November 2010, said Mr Blair would personally arrange introductions to his contacts in China, such as senior politicians.
He had already attracted scathing criticism after it emerged that he had given Kazakhstan’s autocratic president, Nursultan Nazarbayev, advice on how to manage his image after the slaughter of 14 unarmed civilians.
Mr Blair has said claims that he is worth £100million are ‘greatly exaggerated’. But the Saudi contract shows how much he has been able to charge for his services.
Since leaving Downing Street in 2007, he has amassed a fortune including a property portfolio of 31 homes worth at least £25million.
He is one of the world’s best paid speakers – earning up to £150,000 a speech – and has secured advisory roles with US investment bank JP Morgan and Swiss insurer Zurich International.
The Saudi contract stated that TBA would help find potential sources of new investment and added that Mr Blair would make ‘introductions to the senior political leadership, industrial policymakers, corporate entities and other persons in China identified and deemed by us and you to be relevant to PetroSaudi’s international strategy’.
The firm agreed it would not divulge his role without permission.
Clinton Emails Private Server-Tony Blair aka Windrush Ventures Limited