Richard Kerbaj, Dominic Kennedy and James Hider in Jerusalem
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Tony Blair’s earnings since leaving Downing Street are calculated to have topped £12 million, more than six times his previous lifetime income.
The former Prime Minister, who tours the world speaking to audiences including investment banks, private equity firms and chambers of commerce, is now said to be the highest-paid speaker in the world. Since launching himself on the speaking circuit last October, Mr Blair is understood to have earned more from speeches than Bill Clinton, the former US President, did in his first year after leaving the White House.
As the stock market has plummeted and the housing market has slumped, the man who as Prime Minister championed the “light-touch” system of financial regulation blamed by some for the current crisis is enjoying an unprecedented boom of his own.
Mr Blair receives £84,000 of taxpayers’ money to run a private office and is entitled to an annual pension of £63,468, but this pales to insignificance beside his private earnings. He has made £4.6 million from his memoirs, an estimated £2 million from JPMorgan Chase — including bonus — and £500,000 from Zurich Financial Services. On top of that he has exceeded the $9.2 million (£5.8 million) that Mr Clinton earned, according to his wife Hillary’s financial disclosures, from speeches in his first year outside the White House.
“I can tell you that Tony Blair has already made more money than that,” a speaking industry source said. “He is now probably the highest-paid public speaker in the world.”
At the United Nations there is fear that his focus on commercial interests is jeopardising his unpaid role as Middle East envoy.
One senior official said: “There’s a view in the UN that he’s not making any progress and that from all the status that he brings to the position, he doesn’t seem to be achieving anything . . . He’s meant to work on the distribution of aid to Palestinians and not brokering peace in the Middle East, though he’d like to do that.”
Such is the demand for Mr Blair, who works exclusively through the blue-chip Washington Speakers Bureau, that he has a two-year waiting list for bookings, with clients prepared to pay $250,000 (£157,000) for a typical speech of roughly 90 minutes.
“He is one of the biggest stars in the world. Who else is there?” said Max Markson, the public relations organiser who has taken Mr Clinton, Cherie Blair and Nelson Mandela to Australia.
Since Mr Blair can pick and choose audiences, some will be surprised by his selection so far.
The Times can disclose that he has become a particular favourite with the Washington-based Carlyle Group. Next month he will address a conference of its European investors in Paris about “geopolitics”. He addressed a similar conference for Carlyle in Dubai in February.
Carlyle Group is a leading private equity investor in the military. Its board has been graced by both Presidents Bush and its former European chairman was Sir John Major.
Carlyle and the Blair Government have a controversial history. The National Audit Office said taxpayers lost millions from the privatisation of spy technology because of Labour’s decision to appoint Carlyle Group as a preferred bidder too quickly.
Mr Blair also chose to address a dinner hosted by the Kuwait Investment Authority, a sovereign wealth fund. The Kuwaitis say Mr Blair spoke without payment. As a government body, it is forbidden from paying its guests.
Critics of the funds fear that they will buy strategic parts of economies, then use the leverage to influence policy. Much of the money is from Arab nations who might be tempted to discourage business with Israel.
But Mr Blair’s office said: “We should encourage their investment, especially at a time when institutions are facing a real problem getting cash.”
His employers in the finance industry are happy. The investment bank JPMorgan Chase said he “has played an extremely valuable role here” while a source at Zurich Financial Services said: “He provides us with pretty useful insights.”
But there is frustration about his performance as Middle East representative for the Quartet of the United Nations, the European Union, the United States and Russia.
A Western diplomat in Jerusalem said that Mr Blair had failed to achieve a key UN aim to promote free movement in Gaza: “I wonder if his overstretchedness has produced a tactical blunder.”
A UN official in Jerusalem said: “There is a general sense that he is not around.”
Mr Blair’s office said: “Tony Blair’s current role in the Middle East takes up the largest proportion of his time.
“No official of the UN or any other Quartet member has ever raised any such concerns with us. When Mr Blair took up the post he said he would be spending at least a week a month in the region, and that is exactly what he is doing.”
Property portfolio takes a tumble
South Pavilion Wotton Underwood, Buckinghamshire: bought for £4 million in May. Likely to have fallen 3.1 per cent to £3.76 million
Connaught Square London W2: bought for £3.65 million in 2004. A similar property on the same street fetched £5.5 million this summer. The Blairs’ mansion is likely to be worth more since they connected the adjoining mews house, bought for £800,000 early last year
he Panoramic Park Row, Bristol: two new-build apartments bought for £265,000 each in 2002. An offer is understood to have been accepted on one of them this month for £285,000
Myrobella Trimdon, Sedgefield: bought for £30,000 in 1983. Now worth £126,000, down from a peak of £140,000 in summer last year; similar properties have fallen in value by about 10 per cent

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Why anyone would pay a penny to listen to him is beyond me
Allan, Newcastle upon tyne, UK
Isn't this the 'unacceptable face of capitalism', sorry I mean socialism. It is strange isn't it how people who come to power waving the flag of justice and equality believe that they are exempt from practicing what they preach. Where are the people who stand by their ideology?
Mark, Malmö, Sweden
Oh my Gawd !!!
I'd forgotten that Bush will be jumping on the yak circuit soon,
can you imagine people wanting to listen to that Buffoon ....
Thanks a bunch Phil of NYC, USA
roge wheeler, Vallarta, Mexico
As long as Blair's earnings are legally reported and taxes paid, there is no case against him. Earning more than Bill Clinton in his first year is no black mark, given inflation since 2000. If he neglects his unpaid role, then at least he's being paid what he's worth.
Dennis Eagan, Colorado Springs, US
Tony Blair came to power in 1997 with the theme song "Things than only get better". 11 years on only one person in this country can say that promise has come true, Tony Blair. For the rest of the nation his and Labour's years of negligence and mismanagement have been an utter disaster.
Simon , London, UK
Blair should not be paid a penny for what he has helped to do in the Middle East. Instead he should be hauled before a war crimes tribunal. How anyone seriously thinks he can make a difference to that sorely troubled area of the world is beyond me, and I'm obviously not the only one who is baffled.
Neil, Gloucestershire, England
Pure celebrity greed
Peter Ryder, Middlewich, UK
£12 nillion to listen to Blair: If I had that kind of money, I'd have paid it not to listen to him.
Robert, Hull, UK
How disgusting! How many tories including Maggie + her brood have coined it in once they dumped their jobs + left the wreckage behind? It seems ok for Tories to rake it in but how dare 'socialists' do the same. Why bring deceased soldiers into this? You are cheapening their sad deaths SH in Leeds.
A Thomas, Lanchester,
How much TAX has he paid on this princely sum? Please Timesonline can you enquire and publish HOW MUCH TAX HAS HE PAID?
Jo, Warrington, England
Who would have thought you could make so much money telling the rich and famous how you royally shafted the once Great Britain
dave, london, uk
It costs only a few British soldiers killed in Iraq to earn this fees for Blair, well done!
SH, Leeds,
If he and his religion can live with it he's welcome to it. I sleep in bed at night without an armed guard and the majority of the country despising me.
rob, ashbourne, uk
As the olld adage goes, `fools and their money are soon parted`, I wouldn`t go to hear him speak if he paid me !
Mabel Taylor, Knutsford, U.K.
It is no wonder as to why many people lose faith in people's humanity when they hear such stories of a man who proclaims to be righteous, act so corruptly.
Kazuki, Tokyo, Japan
He hasnt earned our respect.
His achievements have come to nothing as we can see.
K Urban, London, UK
You might just want to check out how much of his earnings go to the charitable institutions he has set up. He is a great ambassador for Britain. The comments that he is ineffectual in his Middle East role dont stack up. A problem which has been ongoing since 1948 will not be resolved in 12 months.
Val Daniels, Mijas Costa, Spain
His reputation is falling faster than Baldwin's in 1939. Perhaps we need another Michael Foot to write a 'Guilty Men' book for the 21st century. This time the book should set out chapter and verse the economic crimes of the political elite who took us into this mess.
John, Bridgend, UK
Funny old world isn't it. Due to life not treating me too well, I have to get by on less than 5K a year (yes, you read that correctly). I can't even begin to imagine the 'jobs for the boys' world he and his ilk live in.
David, Lincoln,
Tony Blair knows how to eran money and he deserves it.
The people who are jealous are very small minded people.
Dr N C ADDY , Hempstead, Kent
And at the same time the wounded servicemen he sent to be mutilated struggle to get by. What a guy!
David Masu, Zürich, Switzerland
At a time when many in Britain will be facing economic hardship, with pension funds having lost billions, and fathers, husbands dying in Iraq and Afghanistan, this type of news is hard to swallow. The behaviour of Cherie and Tony Blair is fast becoming a national disgrace.
Miles, George Town,
Perhaps he will feel the need to cleanse his soul with huge donations to the maimed and refugees of Iraq. But then that is hardly to be expected of this vile and self-serving man.
martyn, Calvia, spain
Why not give your buddy BROWN a loan
Asw, Hong Kong,
Hope the taxman is taking note of all this ! What a wonderful little socialist he has turned into !
OZ, Perth, Australia
He has always worked for American interests - now they are at least paying him for doing so.
steve, London, UK
WOW
Bliar is Zurich Financial Services global warming advisor
That must take up a lot of his time!
"Hello Zurich - yes it's the sun. Can i have the ca$h now?"
billy, cardiff, Wales
And what of whitewash with the Ecclestone scandal.
"Oh yes" he's laughing after leaving the country in a total mess.
BROWN his sidekick is green with envy and is planning the same route leaving a bigger mess for the next government.
Asw, Hong Kong,
So does Mr Blair's Christianity and sense of fairness and righteousness not see the hypocrisy of selling his soul for absurd amounts of cash for a few pathetic platitudes and advice, when billions starve? Or is the cash just too much for him to resist? Surely he should ask a fair & modest fee?
julie, newcastle,
It's unbelievable that anyone would pay to hear him. What has he got to say? He was the first PM to take us to war over a lie? He knows how to deceive the public and the media? He presided over the worst post-war government? It makes no sense.
Dwight Vandryver, Scholar Green, UK
More fool those who are prepared to pay good money to listen to this egocentric New Labourtie. Surpising, too, given his past association with the Carlyle Group which did not serve the British taxpayer too well, to say the least.
Colin Cumner, Adelaide, South Australia
How ironic. I wonder how much Bush will earn?
Samuel, Sydney, Australia
What,s wrong with Blair making money.He will have pretty serious competition pretty soon in the person of GWB
Phil, NYC, USA
After decades in the public sector, the former PM is finally off the public payroll and earning a decent salary from the private sector. While both these facts should be celebrated, I just wish Mr. Blair was not so closely tied with the Carlyle Group.
Samir Kaiser, Cambridge,, England
Thats good - I assume he's paying tax in the UK?
Mike, Sydney,
Hes still got a War to account for. Thank you, Saint Tony.
ronnie, Bridego Bridge, UK