With great power comes great responsibility, and for many of our world leaders, a great salary too.
Interest in Jacinda Ardern’s net worth has sparked online after several posts speculating on her riches went viral. Ardern, 41, is the sitting prime minister of New Zealand and current leader of the Labour Party. She has held this role since 2017.
In light of this curiosity, we break down Jacinda Ardern’s salary as a prime minister and explore her net worth.
Spotlight turns to Jacinda Ardern’s net worth
The viral tweet about Jacinda Ardern’s net worth shared an excerpt from a report which alleges her net worth is $25 million. This, however, has not been verified. The report also does not reveal whether this net worth has been estimated in New Zealand or US dollars. If estimated in NZ dollars, her net worth would be around $16.8 million USD.
Net worth is defined as “the value of the assets a person or corporation owns, minus the liabilities they owe.”
For Jacinda Ardern, her finances not been publicly discussed, however we do know details about her salary as prime minister of New Zealand. As this is a public role, New Zealand’s Remuneration Authority (which decides pay for the country’s key office holders) has announced Ardern’s salary in office.
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Ardern’s salary explored
In April 2020, it was reported that Jacinda Ardern has an annual salary of $471,049 New Zealand dollars (US$281,047). These reports emerged around the time Ardern announced she would take a 20% pay cut during the early stages of the global lockdown. She, along with other public service CEOs, would reduce their pay for six months.
“If there were ever a time to close the gap between groups of people across New Zealand in different positions, it is now,” Ardern said during the pay cut announcement.
Given that Ardern has held the role of prime minister since 2017, she will have earned over NZ$2,300,000 while in office. She has been a Member of Parliament since 2008, although prior to landing the Mount Albert electorate, Ardern was a list MP. A government careers website estimates New Zealand’s MPs could earn between $160,000 and $180,000 per year.
Besides her salary as prime minister, Ardern also has written books and has been named as one of the world’s most influential women. This raises her net worth again. Ardern was named on TIME magazine’s ‘100 Most Influential People of 2019′ list, and Forbes magazine’s ’25 Most Powerful Female Political Leaders of 2017’ list.
With this in mind, it is likely that Jacinda Ardern’s actual net worth is somewhere between $5-10 million.
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How does this compare to the net worth of other world leaders?
Understandably, Ardern’s rumoured net worth of $25 million shocked some, however this is not an unusual net worth for world leaders.
Angela Merkel, the soon-to-be former leader Chancellor of Germany has a reported net worth of $11.5 million. Justin Trudeau, the the prime minister-designate of Canada, has a net worth of $10 million. President of France Emmanuel Macron has a reported net worth of $31.5 million.
Boris Johnson, the sitting UK prime minister, has a significantly smaller net worth, estimated at £2.9 million as of March 2021.
All of these riches pale in comparison to former US President Barack Obama, who is worth at least $70 million along with his wife Michelle Obama. Joe Biden, the sitting president, is worth an estimated $8 million.