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CASHING IN ON FAILURE

David Cameron makes the most of his humiliating referendum defeat to charge £120,000 an hour talking about the implications of Brexit

The former PM reportedly made the obscene sum by speaking to Wall Street financiers about Britain's EU exit

DAVID Cameron is cashing in on Brexit despite the fact the humiliating referendum defeat destroyed his political career after he raked in £120,000 for an hour-long speech.

The former Prime Minister reportedly made the obscene sum by speaking to Wall Street financiers about the impact of the historic vote to leave the EU.

 Former Prime Minister David Cameron made the obscene amount by talking about Brexit
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 Former Prime Minister David Cameron made the obscene amount by talking about BrexitCredit: Getty Images

The are reporting he gave a talk to Blackstone Properties in New York, where he earned almost as much as his old annual salary of £143,000 in Number 10.

The 50-year-old’s lucrative new career saw him collect more than £2,000 a minute, as he draws comparisons to another former Downing Street inhabitant, Tony Blair.

Labour’s former PM has gone on to make millions since leaving office in 2007, though he has recently sought to wind down his business activities.

 Mr Cameron walks through Downing Street on his way to the annual Remembrance Sunday Service yesterday
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Mr Cameron walks through Downing Street on his way to the annual Remembrance Sunday Service yesterdayCredit: PA

Last month Mr Cameron was reported as being lined up to give a speech to Bain Capital, the US private equity firm co-founded by former Republican presidential candidate Mitt Romney.

Since his humbling resignation as PM and then as the MP for Witney, he has taken on a role at the charity National Citizens Service Trust.

He has also signed a deal to write a book about his time in office, but despite hiring star literary agent Ed Victor, he failed to match the record advance Mr Blair received for his memoir.

Meanwhile his wife has been re-igniting her own career, and seems set to launch her own fashion line after registering a new company last month.

A spokesman for Blackstone declined to comment.

 

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