We know that senior business executives, popular celebrities, and star athletes make a lot of money. But, how do world leaders rank in terms of their compensation? And what do YOU think about this?
Here are 20 highly-paid world leaders according to 24/7 Wall St., as reported by Thomas C. Frohlich:
“In many countries, politicians frequently make more than the average citizen. This is especially true of countries’ leaders. While the size of a president’s or prime minister’s paycheck varies considerably between countries, world leaders are on the whole paid very well.”
“Though leaders’ salaries do not align perfectly with their countries’ GDP per capita, there is an interesting trend. In Singapore, which trails only Luxembourg in wealth, Prime Minister Lee Hsien Loong earns about $1.8 million yearly and is by far the highest paid leader. However, in Iceland, which is among the least wealthy nations of the 20 considered, Prime Minister Sigmundur Davíð Gunnlaugsson has the lowest annual salary ($133,729) of the 20 leaders.”
Following are the annual salaries of the twenty leaders as per 24/7 Wall Street.
- Lee Hsien Loong, Singapore, $1.8 million
- Leung Chun-ying, Hon Kong, $576,000
- Johann N. Schneider-Ammann, Switzerland, $460,000
- Barack Obama, United States, $400,000
- Malcolm Turnbull, Australia, $396,000
- Werner Faymann, Austria, $343,000
- Xavier Bettel, Luxembourg, $255,000
- Justin Trudeau, Canada, $253,000
- Angela Merkel, Germany, $244,000
- Charles Michel, Belgium, $239,000
- Stefan Lofven, Sweden, $235,000
- Lars Lokke Rasmussen, Denmark, $222,000
- Enda Kenny, Ireland, $209,000
- David Cameron, United Kingdom, $206,000
- Mark Rutte, Netherlands, $204,000
- Shinzo Abe, Japan, $203,000
- Francois Hollande, France, $202,000
- Erna Solberg, Norway, $187,000
- Juha Sipila, Finland, $159,000
- Sigmundur Davíð Gunnlaugsson, Iceland, $134,000