George Osborne has been able to enhance his financial status following his exit from the political arena. After serving as an MP and holding the position of Chancellor for six years before stepping down in 2016, Osborne has seen a surge in his wealth through his role at Robey Warshaw, a well-known City advisory firm where he is now a partner. The recent accounts of the Mayfair-based firm indicated a substantial increase in profits, reaching £70 million in the financial year ending in March, compared to £31.8 million in the prior year.
The generous £30 million profit distribution was predominantly allocated to an individual speculated to be Sir Simon Robey, one of the founding partners of the business and a highly influential figure in deal-making within the City. The remaining portion of £29.5 million was shared among Osborne and the two other partners at Robey Warshaw, Simon Warshaw, and Philip Apostolides. Osborne's career trajectory has not solely been in the world of politics; he also undertook roles as an adviser at BlackRock, where he earned a significant sum for a part-time position, and held positions in journalism and public policy.
George Osborne's move to Robey Warshaw marked a significant step into the elite realm of the banking industry, causing a stir as it represented the first addition of a new partner to the boutique firm since its inception in 2013. Over the years, Robey Warshaw has established itself as a trusted advisor to major corporations in the UK, playing pivotal roles in significant financial deals, including the historic $100 billion acquisition of SABMiller by Anheuser-Busch InBev in 2016. Additionally, the firm has been involved in recent high-profile transactions such as advising Direct Line on fending off takeover attempts and being engaged in the potential acquisition of The Telegraph newspaper by Redbird IMI, a client believed to be associated with Osborne.