All In This Together … Greensill: Cameron ‘made $10m’ before company’s collapse
DAVID CAMERON made approximately $10 million (£7 million) from Greensill Capital before the finance company collapsed, documents obtained by BBC Panorama suggest.
The documents indicate the former prime minister (pictured) received $4.5m after cashing in Greensill shares in 2019.
Greensill, which made its money by lending to businesses, went into administration in March, leaving investors facing billions in losses.
Greensill collapsed after its insurer refused to renew cover for the loans it was making.
Before its collapse, Mr Cameron unsuccessfully tried to persuade ministers to invest taxpayers’ money in Greensill loans.
The details about Mr Cameron’s shares were revealed in a letter from Greensill Capital to the former prime minister. According to the letter, Mr Cameron was going to be paid $4,569,851.60 (about £3.3 million) after tax for a tranche of his Greensill shares.
As well as the shares, Mr Cameron received a salary of $1 million (£720,000) a year as a part-time adviser. The BBC also understands that the former prime minister was paid a bonus of $700,000 (£504,000) in 2019 on top of his salary. In total, it looks like he made around $10 million before tax for two-and-a-half years’ part-time work.
Mr Cameron’s spokesman said his said his remuneration was a private matter. ‘He acted in good faith at all times and there was no wrongdoing in any of the actions he took.’