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Today it was reported that Lord Waheed Alli committed four minor breaches of the House of Lords’ standards in registering his interests.

Read more in our breaking post at 11:47 a.m.

He is also one of the Labor Party’s biggest donors.

Thanks to successful careers in banking, television and fashion, the 59-year-old has donated more than £700,000 of his estimated £200 million fortune to the party.

None of the violations had anything to do with the donations.

Banking and television assets

Waheed Alli was born near Croydon, south London, in the 1960s to a Trinidadian mother and a Guyanese father.

His mother, who worked as a nurse, was Hindu, but Lord Alli decided to embrace his father’s Muslim faith instead.

He left school at 16 with nine A-levels and got a job as a researcher for the financial magazine Planned Savings.

After three years, one of the companies he wrote about invited him for an interview. In his second job – as an investment banker for Save & Prosper – he was finally able to charge £1,000 a day as a city consultant.

He later began to make contacts with the Labor Party in the 1980s.

And he helped Sir Tony Blair come to power in 1997 – at which point he was made a peer.