Sunday, 13 January 2013

Tony Blair Widens His Web Via the Stock Markets

THE SUNDAY TELEGRAPH: Tony Blair has set up his own stock market trading desk at his Mayfair headquarters.

His investment unit, headed by a former senior banker at Barclays, reflects the former prime minister’s growing business empire, worth tens of millions of pounds.

Five members of his staff are registered with the Financial Services Authority and trading screens have been installed at Mr Blair’s offices, in Grosvenor Square in central London.

Mr Blair has established a complex web of companies, designed, according to accountants, to hide just how much money he makes and from where his money comes. He has denied being “super rich”, but having built up a property portfolio of several homes and two multimillion-pound businesses, it is expected that he will enter the rich-lists for the first time this year with a fortune of somewhere between £35 million and £60 million. » | Robert Mendick, and Edward Malnick | Sunday, January 13, 2013