LONDON – Although former British Prime Minister Boris Johnson is not enjoying his best political days, his financial situation has improved dramatically after leaving the post of prime minister, to the point that Johnson became one of Britain's richest politicians in a few months.
Johnson seems right when he was quoted by the British media complaining about the "pittance" salary he receives as prime minister (£168,<> a year) when he could make millions if he left office.
Johnson's story of making a fortune after leaving office reflects a phenomenon in the British political arena shared by most British prime ministers, who once leave office their annual income is millions of pounds.
Johnson was earning £168,<> a year when he was prime minister (Reuters)
Johnson and wealth accumulation
According to Boris Johnson's property declaration to parliament in March, only his gross earnings within six months of leaving the post of prime minister amounted to more than £6 million, along with his salary as a parliamentarian of £5,84 a year.
The statement shows that Johnson was earning £25,<> per day in the six months following his resignation, making him the highest earner of all his colleagues in the British parliament.
Johnson succeeded in reaping these amounts through 3 basic resources, the first of which is the lectures he delivers, where he received 2.49 million pounds from the agency "Harry Walker" (Harry Walker) specialized in hosting leaders and opinion leaders in the world, and Johnson signed a contract with this agency to give speeches during the current year, knowing that he received one million pounds from the same agency for lectures he gave during the past year.
Johnson also received £200,246 for a lecture for Indian economic giant Aditya Birla Management, and £<>,<> from Bloomberg Singapore for a lecture there.
Johnson's second source of income is from signing books and receiving an initial payment of £510,5 from HarperCollins in exchange for the exclusive rights to publish Johnson's autobiography, which he is writing, and the contract for this book is expected to reach more than £<> million.
Johnson also earned £88,3 for a book he writes about William Shakespeare, in addition to receiving significant amounts for articles, and Johnson received £<>,<> for an article he says he wrote in less than an hour.
Johnson's third source of income is donations from his office, the largest of which was from a famous businessman named Christopher Harborn, who donated one million pounds to Johnson's office.
Johnson's income did not stop there, as the British newspaper The Guardian revealed that Johnson bought a luxury house in the suburbs of London for £4 million, in addition to another house worth £3 million in south London.
Theresa May's fortune rose after leaving the premiership in 2019 to £5m (Al Jazeera)
Rich Prime Ministers
Former Prime Minister Theresa May is also one of the richest politicians, given her political past, as she was the longest-serving Home Office in Britain's modern history and a prime minister and parliamentarian for more than two decades, all of this made her required by research centers and universities, and Theresa May's wealth was estimated at about £2 million during her arrival as prime minister, and rose after leaving office in 2019 to £5 million.
May receives significant sums for her lectures and advisory services, with £190,160 for giving a lecture in the US, £400,6 for two JPMorgan lectures and more than £<>,<> for six lectures for Cambridge Speakers in the US.
Former British Prime Minister David Cameron also earned more than £150,50 per hour per lecture, in addition to his book income, and his work with international institutions, including Greensill Capital, which gave Cameron a million pounds a year for his advisory services, and Cameron's fortune is estimated at around £<> million.
Blair succeeded in concluding many contracts with giant institutions (Anatolia)
The richest prime minister
The famous British Prime Minister Tony Blair remains the richest former prime minister in Britain, as he succeeded in concluding many contracts with giant institutions, such as the financial institution "Zurich", "JP Moga" and other global economic and intellectual institutions.
Over these years, Tony Blair has become one of the most expensive speakers in the world, earning more than half a million pounds for one lecture, and according to the British newspaper The Sun, Tony Blair's fortune is currently £100 million, after founding the Tony Blair Foundation for Global Changes, in addition to his investments in real estate, which is worth more than £40 million.