Curated By: Business Desk
Last Updated: September 15, 2023, 18:56 IST
Back in 2016, former US President Donald Trump refused to take home his presidential salary of $400,000. Instead, he decided to take only a meagre 1 dollar as his salary. The decision might have surely made you wonder about the sky-high salaries of our global leaders.
Apart from their humongous salaries, Presidents and Prime Ministers around the world are also provided with a range of facilities. There have been many reports that give us an insight into the remuneration of political leaders. Today, let’s take a look at the highest-paid global leaders in the world, as revealed by a report published by World Population Review.
Lee Hsien Loong – Singapore
Singapore Prime Minister Lee Hsien Loong receives the highest salary as compared to other government leaders. According to World Population Review, he earns approximately 2.2 million dollars annually, which is way higher than what US President Joe Biden earns ($400,000, around 5.5 times less). Loong’s salary is also 12 times more than Russian President Vladimir Putin’s remuneration.
Carrie Lam – Hong Kong
Carrie Lam, who served as the 4th Chief Executive of Hong Kong from 2017 to 2022 ranks number two on the list of highest-paid salary owners. As per a report by the South China Morning Post (SCMP), Lam’s annual income is approximately $672,000. As per reports, she has been receiving the amount after the Hong Kong government decided to permit a 12.4 per cent pay hike for all the leaders.
Joe Biden – US
The third in the line of highest-paid world leaders is Joe Biden. The current US President earns $400,000 and has access to some of the luxurious amenities including the White House and the popular Air Force One.
Scott Morrison – Australia
Australian Prime Minister Scott Morrison earns a whopping $550,000 dollars annually. The Independent Remuneration Tribunal has been assigned with the responsibility to oversee the increments of Australia’s leaders. Their salaries are determined based on the country’s economic conditions.
Angela Merkel – Germany
Angela Merkel is Germany’s Chancellor and her annual income is $369,727, about eight times higher than that of a household median income in Germany.