It has been revealed that ex-Primeminister Tony Blair and his wife Cherie own approximately 10 houses and 27 flats to the value of around £27 million.
Starting their property empire with a £30,000 home in the wholly unglamorous location of Middlesbrough, the Blair family has built a multi-million pound property portfolio including several properties in exclusive central London postcodes.
The first property they purchased after Mr. Blair left Downing Street was a Georgian townhouse in Connaught Square. It is now estimated to be worth at least £8.5 million – more than double the price the former PM paid in 2004.
Mr. Blair has also helped his three eldest children get on the property ladder. The couple’s daughter Kathryn owns a one-bedroom mews house in Marylebone bought for £1.2 million in 2014. Euan, a former employee of investment bank Morgan Stanley, owns a six-bedroom townhouse in Marylebone Village valued at £5 million. The Blair’s second son Nicholas, who works as a football agent, is the owner of a three-bedroom Georgian townhouse in central London worth £2 million.
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Cherie and Euan Blair are also directors of Oldbury Residential, a company which owns a portfolio of buy-to-let flats in Manchester and Stockport. The company’s filings show that it has bought 27 flats with mortgages from Lloyds bank, costing a total of just under £2.2 million.
DMZ estimates the yearly income from their rental business is in excess of £200,000 per year – not bad going from Mr. Blair who was paid £143,860 per year as Primeminister when he took power in 1997.
On top of all this the Blair’s also own 17th century Wotton House, a 7-bedroom mega mansion in Buckinghamshire worth £7 million! It boasts a tennis court, stunning ornamental gardens and swimming pool, but neighbours frequently complain about helicopter noise and the overprotective, burly security guards who escort Mr. Blair.