Key facts
- Rishi Sunak received £160,750 for a speech to Bain Capital.
- The payment was earned in approximately three hours.
- Sunak consulted the Advisory Committee on Business Appointments before the engagement.
- He has joined a speaking circuit utilized by former prime ministers.
Rishi Sunak has joined the lucrative global speaking circuit, earning substantial fees for engagements with private equity firms. The former Prime Minister received £160,750 for a speech to Bain Capital, an amount comparable to a significant portion of his annual salary as Prime Minister. This engagement, organized by the Washington Speakers Bureau, reportedly took approximately three hours to earn. Sunak consulted the Advisory Committee on Business Appointments (Acoba), chaired by Lord Pickles, before taking up the engagement, as is customary for former ministers. The payment highlights a common practice among former prime ministers, who often earn thousands of pounds for speeches worldwide. Boris Johnson, for example, previously earned nearly £140,000 for a 30-minute talk.