Tony Blair to close most of his commercial ventures


Tony Blair has disclosed he is winding up most of his commercial ventures to focus on not-for-profit work.

The ex-Labour prime ambassador is closing his lobbying and consultancy business, Tony Blair Associates, and associated followers Windrush and Firerush.

In an email to staff, he said while he would keep a small number of commercial contracts, 80% of his time would be send forth on not-for-profit work.

He has been criticised for the amount of profit the ventures play a joke on generated.

Mr Blair, who left frontline politics in 2007, is reported to be undergoing made millions advising a number of foreign governments and multinational firms.

Although the chuck-full range of his business activities has never been disclosed, Mr Blair was reported to bear been id £2m a year alone by JP Morgan after leaving backing.

Earlier this year, it was claimed he had a lucrative deal advising the Kazakh direction.

His links with Kazakh president Nursultan Nazarbayev, who has ruled the power since 1989 and whose human rights record has been reprimanded, have been controversial.

Mr Blair, however, has rejected claims of any at variance of interest between his commercial and his not-for-profit work.

His not-for-profit ventures encom ss his Faith Foundation and the Centre for Geopolitics and Religion, which focuses on directing the root causes of Islamist extremism and supporting inter-faith dialogue.

Look into b pursuing a review of his business interests, Mr Blair said he had decided to refocus his undertakings and would give the “substantial financial reserves” generated by his businesses in fresh years to not-for-profit causes.

‘New level’

In an email, he said: “Over the gone nine years we have built a group of organisations employing enveloping 200 people and working in more than 20 different provinces round the world. It is time to take this to a new level.

“As I indicated behind December at our annual all staff meeting, I want to ex nd our activities and develop b publish everything under one roof.

“I also want now to concentrate the vast mass of my time on the not for profit work which we do. De facto, this has been the casket in the st two years but we need to reflect this change in the way we are structured.”

He totaled: “I will retain a small number of personal consultancies for my income, but 80% of my but will be pro bono on the not for profit side.”

Mr Blair, who is 63, was prime envoy between 1997 and 2007. After stepping down, he served as a Middle East l nuncio for eight years. He and his wife Cherie also have substantial realty investments in the UK.

Leave a Reply

Your email address will not be published. Required fields are marked *