On November 2, Nicolas Sarkozy was the star guest of the Chinese Business Club, in the big red lounge of the Intercontinental Hotel in Paris. Unfortunately, the rerun postponed the meeting to March 9, 2021. “It’s a shame, because he definitely wanted to come, sets Harold Parisot, organizer of these Franco-Chinese holidays. He intended to tackle the issue of 5G, and even give his opinion on the disagreement with Turkish President Erdogan. All this For a fee? Not even.” “Nicolas Sarkozy has agreed to come for free, because he knows that by speaking to us, he will have ten or fifteen seconds to recover in major Chinese news, and that is invaluable.”
At the end of his only five-year term, the former president wanted to make his speeches a business. “Doha, Shanghai, Moscow, Sao Paulo, Las Vegas … According to my calculations, he made about forty interventions between 2012 and 2015, billed about 100,000 euros each,” assesses journalist Clement Fayol, author of the book “These French are at the service of foreigners(Blonde editor). In recent years, the aphids seem to have dried up. His last paid speech, “hyper-boss” addressed him not to the greats of this world, but to the Paris real estate week in September, for “only” €40,000, according to our information.
This is the first time that a former French president has embarked on commercial activities and thus guarantees a way of life much better than that of his predecessors. However, compared to some of his foreign counterparts of the same stature, Nicolas Sarkozy does not play in the First Division. We are far from the prices asked by Theresa May ($150,000), George W. Bush (175,000), Michelle Obama (200,000), her husband, Barack (400,000), or even Bill Clinton (250,000 to 750,000). the reason ? “Nicolas Sarkozy does not express himself well in English and, unlike other previous leaders, tends to tell his life story on stage rather than really working on a topic,” one Parisian banker incidentally ventures to these questions.
>> Read also – These ministers had to correct their declaration of assets at the request of the Gendarmerie of Transparency
The speaker, the official, the lawyer…the godfather of right is a kind of jack of all trades. Except that, in his newer activities, he doesn’t seem to play a decisive role. Let’s take his mandates on boardrooms. Unlike his peers Gerhard Schroeder or Tony Blair, Nicolas Sarkozy has not been tempted by multinational corporations. He is content to sit in the companies of his friends: the owner of the hotel Accor, which is run by his old friend Sebastian Bazin; her rival Barrière (Le Fouquet’s, Casinos) to Dominique Desseigne, another good friend; The LOV Group, the luxury hotel and small media empire built by one of its loyal followers, Stephane Corbett.
And finally, Lagardère, the stronghold – but for how long? To his brother, Arnaud Lagardère. Enough to receive between 350,000 and 400,000 euros per year in attendance fees, according to our calculations. Good savings, of course, but it is much less than the bonuses of top bosses. “And it is far less than what his former minister, François Barouin, should have earned as an adviser to Barclays,” adds a good expert of the two men. Officially, Super Sarko’s address book is incomparable. It will open all doors. To facilitate relations, for example, with Qatar, represented by three councils where the former president sits (Lagardère, Accor, Barriere). But in fact, it is a bit hazy. Capital contacted all these companies, asking them what concrete actions Nicolas Sarkozy was able to take, and what files he managed to simplify. Nobody answered.
>> In the slideshow – Bollory, Sarkozy, Arthur: The Magnificent Anti-Containment VIP Villas
In the spring, he heats up his smartphone to bring in Marc Ladret de la Charriere and Vincent Bollory, billionaires of his acquaintances, to rescue his girlfriend Lagardère. However, he appears to have tripped over the rug. Once he secured the renewal as general partner, the heir changed his face, allied with LVMH president, Bernard Arnault, to take on Vincent Bollory. Now the former president finds himself in the middle of a war between his friends Vincent and Bernard, who are now discussing Lagardère’s future without putting him in the loop. “Nicola is a wonderful friend of the house, a relative of a billionaire argues. But we would certainly not consider him an investment banker.
Not as a lawyer? In the latest news, Nicolas Sarkozy was still registered with the Paris Bar. Through his CSC holding company (for Claude, Sarkozy and Claude, editor’s note), he owns 34% of Realyze, which counts Lagardère and Accor among its clients—well. According to the latest available calculations, obtained by Capital, the company achieved a record sales of 7.5 million euros in 2019 (compared to 7 million euros in 2018), and a net result of 807,420 euros (compared to 610,312 euros two years ago). However, the trio of partners, the former head of state, lawyer Arnaud Claude and the son of the latter, Christopher Claude, did not rise in profits for 2019.
>> Read also – Nicolas Sarkozy’s law firm records record profits
The trio shared €500,000 in dividends in 2018 (and a total of €2.25 million since 2013). not bad. Will Realyze’s 20 employees perform better this year? It’s not certain. The company has been called Claude & Sarkozy since it was founded in 1987. But it had to change its name last December, after Claude Arnaud was indicted in the Patrick Balkany tax evasion case. The lawyer was given a three-year suspended prison sentence, a fine of 50,000 euros, and a ban from practicing his profession. According to our information, the holding company CSC also acquired 80% of another law firm in 2019, DLDA Avocats, and its other shareholders are Me Jack Beaujard and Me Amélie du Lau d’Allemans.
When they retrain, most political figures draw a line under their official jobs. it is easier. But Nicolas Sarkozy does not do like everyone else. At the end of 2019, Emmanuel Macron sent him on an official visit to Japan to represent France in his place during the enthronement of the new emperor. He took the opportunity to visit the former leader of Renault, Carlos Ghosn, who was then under house arrest. How did they trade? Nicolas Sarkozy is the king of genre mixing, journalistic judge Clément Fayol. In February, he was welcomed in Guinea with all the protocol befitting a head of state. However, he was interfering on behalf of Israeli billionaire Benny Steinmetz in a funny mining dispute.
Like other surviving former tenants of the Elysee Palace, Carla Bruni’s husband has nothing to worry about his old age. He receives, every year, 74,700 euros from the pension of the former president and benefits from several benefits: free flights in First on Air France, provision of the ambassador’s residence abroad, a company car with driver, payment of telephone bills … In 2019, the state also paid 866 € 000 for his general expenses (+4% within one year). It is sufficient to pay the rent of its offices and equipment (295,000 euros), as well as the salaries of its employees and agents (570,000 euros). For his part, François Hollande was “satisfied” with €756,000 (-6% compared to 2018). This lifetime annuity is regularly the subject of controversy. So much so that Emmanuel Macron has already declared that at the end of his term(s?) he will not touch it. Will he be better than Sarko at work?
>> To read also – How much did it cost to protect former prime ministers in 2019?
In bookstores, he has always been successful, much more than François Hollande
The king of political books is. As of October 25, Nicolas Sarkozy has sold 164,436 copies of his memoirs “Storm time“, according to Editat. Great result of a book published just three months ago, published by the Observatory. On the same date, François Hollande sold 154892 of “strength lessons(Stock, November 2018), in hardcover and paperback format and over a longer period of time. However, the big winner in this category remains Michelle Obama. The former first lady of the United States sold 385,912 copies ofhas become(Vayard) in France since November 2018.
Note: This article was published in Capital Magazine December 2020
>> Private investments: The best products of 2021 and the ones to avoid. This is the cover of the new issue of Capital. Access to this file in seconds from 2.25 euros.
Receive our latest news
Every day, choose main information today.