Now Cameron rakes in £120,000 for one-hour talk: Former PM gives speech on the implications of Brexit to Wall Street financiers

Speech rewarding

Now Cameron rakes in £120,000 for one-hour talk: Former PM gives speech on the implications of Brexit to Wall Street financiers

PM gave talk to Blackstone Properties in New York about Brexit
As he spoke for one hour his pay would work out at £2,000 a minute
The huge fee almost matches his salary as PM which was £143,000

By SEBASTIAN SHAKESPEARE FOR THE DAILY MAIL

PUBLISHED: 00:20, 14 November 2016 | UPDATED: 07:35, 14 November 2016

Now Cameron rakes in £120,000 for one-hour talk: Former PM gives speech on the implications of Brexit to Wall Street financiers

PM gave talk to Blackstone Properties in New York about Brexit

As he spoke for one hour his pay would work out at £2,000 a minute

The huge fee almost matches his salary as PM which was £143,000

Brexit cost David Cameron the keys to 10 Downing Street, but his humiliating referendum defeat appears to have opened the door to a very lucrative new career.

I hear the former Prime Minister gave a talk about the implications of Britain's historic vote to leave the EU to Wall Street financiers last week.

He was paid more than £120,000, which is almost as much as the £143,462 he earned in a whole year as PM. Given that the talk to Blackstone Properties in New York is said to have lasted little more than an hour, his pay would work out at £2,000 a minute.

If Cameron, 50, continues that rate of earning, he could soon rival moneybags Tony Blair, who quit the House of Commons when he was four years older. Blair has gone on to make an estimated fortune of £27 million.

It's not known who arranged for Cameron to give the talk (not that he would have needed much persuading), but one of their bosses is John Studzinski. Known as 'Studz', the flamboyant investment banker and philanthropist is a close friend of Peter Mandelson and enjoys mixing with political leaders.

Recently, high-flying bachelor Studz, 60, was flattered to have been asked by UN officials for advice on who should succeed Ban Ki-moon as Secretary General at the end of the year.

Last month, Cameron was reported to be due to give a speech for the private equity firm Bain Capital. The American company, which was co-founded by former Republican U.S. presidential candidate Mitt Romney and bought a blood plasma company from the NHS in 2012, is likely to have paid Cameron a similar amount to his fee from Blackstone.

There has been speculation that Cameron could move to New York. However, his children are happily settled at school in London and his wife, Samantha, is expected to pursue a fashion-designing career in the capital.

He does not have to seek approval for the one-off engagements from the Advisory Committee on Business Appointments, which requires former ministers to get permission only for regular jobs.

A spokesman for Blackstone declined to comment.

David Cameron gave a talk to Wall Street financiers last week

Brexit cost David Cameron the keys to 10 Downing Street, but his humiliating referendum defeat appears to have opened the door to a very lucrative new career.

I hear the former Prime Minister gave a talk about the implications of Britain's historic vote to leave the EU to Wall Street financiers last week.

Recently, high-flying bachelor Studz, 60, was flattered to have been asked by UN officials for advice on who should succeed Ban Ki-moon as Secretary General at the end of the year.

Blair has gone on to make an estimated fortune of £27 million after leaving Downing Street

He does not have to seek approval for the one-off engagements from the Advisory Committee on Business Appointments, which requires former ministers to get permission only for regular jobs.

A spokesman for Blackstone declined to comment.