Who Are The Highest-Paid Leaders In The World Today (By Salary)
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| Top 10 Highest-Paid Leaders In The World - Photo: KnowInsiders.com |
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Although most of the countries on the list have developed economies, the salaries of the heads of government are many times higher than the per capita GDP of the countries.
Who Are The Top 10 Highest-Paid Leaders In The World Today - The Highest-Earning Leaders?
(Ranked by KnowInsiders.com in 2023)
1.Lee Hsien Loong
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| Lee Hsien Loong - Photo TBSNews |
According to The South China Morning Post (SCMP), Singapore's prime minister Lee Hsien Loong, who has been in office since 2004, receives the highest salary of any world leader. With an annual salary of 1.6 million dollars (roughly 1.9 billion won), he is paid 12 times more than Russian President Vladimir Putin and four times more than third-placed US President Joe Biden.
Since the time of Lee Kuan Yew (1923–2015), the incumbent's father and former prime minister of Singapore, the country has imposed a strict scrutiny to prevent corruption among high-ranking officials by tying the salary level of high-ranking officials to the payroll of the high-earning private sector. One of the least corrupt governments in the world is that of Singapore.
| In first place on this list is Lee. Comparatively speaking, Vladimir Putin, the president of Russia, makes 12 times as much money as he does with a yearly salary of US$1.6 million. He once remarked in an interview, according to the Korea Herald, "The [US] president is paid less than me, yes. He is well aware that his pay is the talk of the town (read: world). However, the high-ranking citizens of the White House reside there, travel there, and spend their vacations at Camp David. Lee also emphasized that US presidents continue to receive millions of dollars long after finishing their terms in office. Well, he is correct. |
2.Carrie Lam (Hong Kong)
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| Carrie Lam - Photo TBSNews |
Carrie Lam, the chief executive of Hong Kong, came in second with a salary of 672,000 dollars per year. However, the SCMP report claims that Lam is stuck with large sums of cash at home because she is unable to access necessary banking services because of American sanctions. Since Beijing passed the National Security Law last year, which gives dissidents a maximum life sentence, Washington has imposed sanctions on both the Hong Kong government and banks that do business with it.
| According to the BBC, Hong Kong's first female leader acquired the moniker "tough fighter" due to her reputation for never backing down during a political conflict and for being somewhat of a workaholic. Following her graduation from the University of Hong Kong, Lam started her career in the civil service. By 2008, she had attained the position of permanent secretary for home affairs, which required her to participate actively in the 2008 Beijing Olympics. Based on the total change in the consumer price index since Lam assumed the position of chief executive of Hong Kong in 2017 (and chairperson of the Committee for Safeguarding National Security in 2020), her pay has increased by a sizable 12.4%. |
3.President Simonetta Sommaruga (Switzerland)
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| Simonetta Sommaruga - Photo TBSNews |
The President of Switzerland, Simonetta Sommaruga, brings in an annual salary of USD 4 lakh 82 thousand 958, which is equivalent to approximately Tk 4 crore 8 lakh 72 thousand. This is the highest salary of any head of government in the Organization for Economic Co-operation and Development. The country has a GDP of USD 56,473 distributed across each individual citizen.
4.President Joe Biden (USA)
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| Photo AP |
In addition to having free reign of the White House's six floors and 132 rooms, Biden also gets to travel in the illustrious Air Force One. This has to be the world's most well-equipped aircraft, with 4,000 square feet of floor space distributed over three floors, a medical room where emergency surgeries can be performed, private suites for the president, and kitchens with the ability to feed up to 100 people at once.
One might anticipate that Biden would be the highest-paid leader on this list since he is the president of the biggest superpower in the world. While his salary of US$400,000 per year is undoubtedly handsome, a US president's post-presidential projects are often what really help them rake in the cash.
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5.Scott Morrison (Australian Former Prime Minister)
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| Photo TBSNews |
Despite being one of the most well-paid politicians in the developed world, Scott Morrison's salary is lower than some.
According to AAP FactCheck, the Australian prime minister earns close to $550,000 annually, ranking him fifth among his international counterparts.
Mr. Morrison's base pay was $211,250 as of July 1 and he also received a bonus of $338,000, for a total income of $549,250, or $1505 per day.
Morrison rejected the notion of taking a temporary pay cut during the COVID-19 pandemic earlier this year.
According to his plan, "I'll just keep doing a good job, and I will be accountable to Australians for that job."
| The current prime minister is Anthony Albanese of the Australian Labor Party, who assumed the office on 23 May 2022 |
6. Angela Merkel (German Former Chancellor )
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| Photo Trendrr |
The annual salary of German Chancellor Angela Merkel is USD 3 lakh 69 thousand 727. (about Tk 3 crore 12 lakh 82 thousand). The average income of the nation's citizens is eight times higher than her salary. The GDP per person in Germany is $46,719 USD.
This former scientist turned global leader is in the final year of her fourth and last term as Germany's first female chancellor. She is credited with guiding Germany through its financial crisis and back to growth despite her party losing the most recent elections, making her the most powerful woman in the world.
7.Jacinda Ardern (Former Prime Minister of New Zealand)
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| Photo TBSNews |
Jacinda Ardern, the prime minister of New Zealand, earns a yearly salary of USD 3 lakh 39 thousand 862 (or roughly Tk 3 crore 87 lakh 55 thousand), which is more than 20 times the average kiwi's annual economic output. The nation's GDP per person is $35,244. In the general election of 2020, Jacinda has won a second term.
Ardern was one of 15 women to grace the cover of British Vogue's September 2019 issue. Ardern asked for a 20% pay cut during the pandemic in support of the five million people in New Zealand who lost their jobs or had their pay reduced due to Covid-19 lockdowns in the nation.
| Christopher John Hipkins, a New Zealand politician, was born on September 5, 1978. He has been the country's 41st prime minister and the head of the New Zealand Labour Party since 2023. |
8. Mohamed Ould Ghazouani (President of Mauritania)
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| Photo TBSNews |
Mohamed Ould Ghazouani, the president of Mauritania, receives a yearly salary of USD $3,030,000. (approximately Tk 2 crore 79 lakh 84 thousand). The nation's GDP per person is $3,655.
President Mohamed Ould Ghazouani makes almost as much per month as Chinese President Xi Jinping does annually, according to Saraya, a Jordanian online newspaper. China's GDP is 2,400 times greater than that of Mauritania.
9. Sebastian Karz ( Austrian Chancellor)
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| Photo TBSNews |
Sebastian Karz, the Austrian Chancellor, receives an annual salary of USD 3 lakh 28 thousand 584. (about Tk 2 crore 78 lakh 64 thousand). The youngest head of state in the entire world is 34-year-old Sebastian. His yearly income is six times higher than the national average. The GDP per person in Austria is USD 45,478.
Austria's chancellor, Kurz, has held the position for one year and three months. He currently has an annual salary of $328,584 in a nation with a GDP per capita of $45,478.96. He is the world's youngest head of state. His political career began when he became the chairman of the JVP political party in Vienna at the age of 22.
10. Xavier Bettel (Prime Minister of Luxembourg)
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| Photo Sputnik |
Xavier Bettel, the prime minister of Luxembourg, receives a yearly salary of USD 2 lakh 78 thousand 35. (about Tk 2 crore 35 lakh 77 thousand). The smallest nation on this list is Luxembourg, which has a population of fewer than 6 lakh people. The nation's GDP per person is USD 93,891.
With a reported annual income of $278,035 in a nation with a GDP per capita of $93,891.49, Bettel earned his position as the highest-paid leader in the world during his five years and four months as prime minister of Luxembourg. The prime minister of Luxembourg has access to a private Cessna 550 Citation II, a Learjet 35A, and even a 737-700, which he has chartered from the national airline Luxair, for his numerous international trips.
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