Not content with the £12 million he has already earned since leaving office, Tony Blair has swelled his astronomical income still further by setting up a consultancy to advise world leaders how to run their affairs.
Tony Blair Associates, as the commercial partnership is called, has already signed up its first client, the government of Kuwait, which is understood to have agreed a seven-figure deal for continuing advice from the former Prime Minister.
Mr Blair is counselling the constitutional monarchy of the oil-rich state on "good governance", according to his spokesman.
His critics, however, are likely to point out the irony of Mr Blair dispatching advice on good governance despite his own questionable probity whilst in power.
He may also face questions from detractors in the Middle East, who have already argued that his packed schedule of lectures, consultancies and charity work is undermining his role as a peace envoy.
Tony Blair Associates was set up earlier this month after Mr Blair received the blessing of the Advisory Committee on Business Appointments, the government watchdog which scrutinises the paid employment of former ministers.
ACOBA said in a statement that Mr Blair would provide, "in partnership with others, strategic advice on both a commercial and pro-bono basis, on political and economic trends and governmental reform". It added that the committee "sees no reason why he should not set up the firm forthwith".
Mr Blair is running his new consultancy from his extensive suite of offices in Grosvenor Square, central London, where he now employs 70 people to run his different ventures, including his private office, a religious charity and an Africa foundation.
His earnings from consultancy work will add to the £4.6 million advance he was paid for his memoirs, £2.5 million from advisory roles with JPMorgan Chase and Zurich Financial Services and speaking fees of around £157,000 per lecture.
Mr Blair also receives a taxpayer-funded pension of £63,468 per year, plus an annual £84,000 allowance to run his private office.
Sources close to Mr Blair have disclosed that he has finally begun work on his memoirs, more than a year after negotiating his advance, and has so far written four chapters.
He is hoping to have the book ready before the next general election, when it will be published if the Conservatives win power. Mr Blair has previously said that he would not publish his book while Gordon Brown was still in power, but with Mr Brown trailing in the opinion polls Mr Blair, 55, wants to be ready to cash in on a Tory win.
Mr Blair's considerable earning power – which has outstripped that of former US President Bill Clinton – has enabled him to buy a string of luxurious homes, including a £5.75 million country house in Buckinghamshire, a £4.8 million home in Connaught Square, central London, a flat in Bristol and a £460,000 flat in Islington for his eldest son, Euan.
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