Humbling of a Master of the Universe: He paid Blair $1million for a day’s work to create a corporate colossus with a stranglehold on the world’s resources

‘After midnight, in the early hours of a September morning in the sumptuous environs of Mayfair’s Claridge’s hotel, a garrulous high-roller called Ivan Glasenberg sealed his reputation as the world’s greatest trader.

The year was 2012, and huddled around the table of his lavish suite, with a phalanx of highly paid advisers and lawyers, were two rich and very powerful men: Sheikh Hamad bin Jassim bin Jaber al Thani, the Prime Minister of gas-rich Qatar, and former British premier Tony Blair.

Together, the trio were orchestrating one of the biggest and most audacious deals in the City of London’s history: the merger of Glasenberg’s sprawling commodities firm, Glencore, with the mining giant Xstrata, whose fate was controlled by the Sheikh.’

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