Forum Post: How the .001% LIVE...
Posted 12 years ago on Oct. 23, 2011, 5:06 p.m. EST by TIOUAISE
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Gordon Rayner, Chief Reporter for "The Telegraph" recently wrote about Tony Blair's purchase of a NINTH home:
Blair home number nine: £1m house for student daughter
"It is every parent’s desire to give their children the best start in life, but few would ever aspire to buying them a £1million house as a leaving home present. Unless, that is, you happen to be as wealthy as Tony and Cherie Blair.
The former prime minister and his wife have paid £975,000 in cash for a maisonette in west London for their 22-year-old daughter Kathryn, bringing the family property portfolio to nine homes.
Land Registry documents show that the three-bedroom property, which has two bathrooms, a garage and its own lift, was bought on July 23 in the names of Cherie Blair and Kathryn Blair.
It means the Blairs’ only daughter, who is studying law, will never have to worry about mortgage payments as long as she lives in the apartment, which is within walking distance of her parents’ home in Connaught Square.
Since leaving office, Mr Blair is reputed to have earned upwards of £20 million from public speaking engagements and as an adviser to foreign governments.
The Blairs’ latest purchase will serve to intensify scrutiny of how the former prime minister has managed to amass such a fortune in the space of three years since leaving Downing Street."
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