As Sajid Javid steps into a new role as the UK’s next health secretary, you may be curious as to his career and net worth to date.
In a surprise twist, Javid returns to the Cabinet after Matt Hancock resigned as health secretary. This comes 16 months after Sajid Javid abruptly left his role as chancellor of the exchequer. Javid left just six months into the role, after being ordered to fire all his advisers.
He steps into the role of health secretary at a crucial moment in the easing of UK lock-down, and all eyes will be on Sajid Javid.
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What is Sajid Javid’s net worth?
- £8 million
Sajid Javid reportedly has a net worth of about £8 million.
This might seem unusually high considering Javid has worked as a politician for the past decade. In comparison, prime minister Boris Johnson has less than half of Javid’s net worth.
It could be the majority of Sajid Javid’s fortune came from his career working in finance before he became a Member of Parliament.
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Sajid Javid’s banking career and salary explored
After graduating with a degree in economics and politics from the University of Exeter in 1991, Sajid Javid went on to pursue a career in finance.
A year after graduating, Javid moved to New York City to work at Chase Manhattan Bank. He worked there from 1992 to 1996, with the majority of his work relating to Latin America. In that period he rose to become the bank’s youngest vice-president.
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In autumn 2006, Javid was sent to Singapore to lead Deutsche’s credit trading in Asia. He remained with Deutsche until 2009, when he resigned from his career in finance. When Sajid Javid left this role, he turned his back on an annual salary of about £3 million. The Evening Standard reported that leaving his finance career for one in politics would have seen Javid take a 98% pay cut.
So, it’s pretty safe to assume the majority of Sajid Javid’s net worth comes from the 18 years he spent working in finance.