He pockets an annual salary of about £270,000 - slightly less than Mr Obama. He also receives an annual housing allowance of 15 per cent of his pay, around £40,390.
This would allow Mr Blair and his wife to add to their burgeoning property portfolio by picking a swish home in Brussels.
As well as the use of a chauffeur, a plush car and 20 members of staff, the President of Europe is also likely to get a £15,600 entertainment allowance.
As ex-Prime Minister, Mr Blair already gets a taxpayer-funded pension of £63,468 a year plus an annual £84,000 allowance to run a private office.