You're reading: The Telegraph: Tony Blair and the oligarch bankrolling his charity

Tony Blair’s faith foundation is being bankrolled by a Ukrainian oligarch, The Sunday Telegraph can disclose.

Victor Pinchuk gave $500,000 (£320,000) to the Tony Blair Faith Foundation — a fifth of all the donations declared in its latest accounts.

The generous donation cements the friendship between Mr Blair and Mr Pinchuk, a steel magnate and philanthropist worth about £2.7 billion. Mr Pinchuk, 52, made his fortune after marrying the daughter of Leonid Kuchma, Ukraine’s former president.

He is considered one of the world’s foremost collectors of contemporary art, counts Sir Elton John and Bill Clinton among his close friends and owns a house in central London, which he bought for a record-breaking £80 million.

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