By sagnika sinha
Do you find Justin Trudeau influential and enigmatic? Have you ever thought how much a powerful political leader makes in a year? Being in a significant position such as a country’s prime minister, imagine the man’s financial prowess!
Let’s remember the charisma of the good-looking young Canadian prime minister! Having a well-maintained bank balance contributes to a lot of advantages in life! He is the second youngest person to become a prime minister, so his responsibilities and performances are further scrutinized!
As a politician, people hang on to his every word, and not everyone admires him. His works and speeches have been noted, along with regularly getting published. Hence, he holds a strong societal position that helps him create awareness and change. Read the article to learn more!
I will talk about the Canadian prime minister’s sources of income and total net worth as of 2023. You will also learn how he came to be where he is today and what contribution he has made to society on a global scale.
The Wealth Of Leadership: Justin Trudeau’s Net Worth Unveiled!
Being a prime minister means being a public servant, and yet, Trudeau is considered one of the wealthiest politicians worldwide! Does this fact bring the question in your head about his net worth? Or are you only reading this article because the guy is hot?
I will not hold you in contempt, even if that is the reason! Who does not want to know Justin Trudeau height? Just joking! Or Am I? I will give you the deets about the man apart from his wealth! Have you seen Justin Trudeau young? Thirst Trap or what!
And what is more, did you know that his father served as the prime minister, Pierre Trudeau? Well, guess what, he has received family assets of over $45 million from his father. His father served as the prime minister from 1968 to 1984.
Raised in a bilingual household, Trudeau started as young as 36 when he was first elected at the House of Commons in 2008. The young politician was the Liberal critic under the Liberal leader Stephane Dio for Citizenship and Immigration, Youth and Multiculturalism.
Justin Trudeau’s Biography!
The current prime minister of Canada was born on 25 December 1971 to the 15th Prime Minister of Canada Pierre Trudeau and his wife Margaret Trudeau. The couple’s eldest son was born in Ottawa, Ontario, and his mother, Margaret, was the daughter of the Liberal Party member James Sinclair.
Trudeau first attended College Jean-de-Brebeuf and later got a bachelor’s degree in English in 1994 from McGill University. Further, he pursued a B-Ed degree in 1998 from the University of British Columbia.
As a young man, he started his career by teaching maths and French in Vancouver. Later, he pursued engineering at Ecole Polytechnique de Montreal in 2002. Unfortunately, he decided not to continue. Instead, he went back to get his Masters’ degree at McGill.
The good-looking politician then went to do some radio jobs and teaching stints before he was finally ready to begin his political career. Signing with the Liberal Party in 2008, Trudeau achieved great heights in his political career!
Family Life!
Justin Trudeau’s wife is Sophie Gregoire Trudeau, whom he married in 2005. The couple share three children: Xavier James Trudeau, Hadrien Gregoire Trudeau, and Ella-Grace Margaret Trudeau. Trudeau is the second prime minister of Canada to announce separation even though the situation seems amicable.
Guess who the first one was? His father! Pierre Trudeau was the first Canadian prime minister to announce separation from his wife in 1977 when Justin was five years old.
The family is trying to live together as the details and related information of the separation are not yet known. There are no money-related issues, considering that Sophie Gregoire will get anything she wants from the divorce.
As per the reports by Forbes, the net worth of Trudeau’s wife is around $5 million. His wife is a retired television host and a philanthropist, but currently, they are on the path of divorce. As an individual, she uses her position and influence to speak about issues related to children, women, and the environment.
Further, she studied commerce at the University of Montreal and later worked as a television host. She has written a book on parenting and is a certified yoga instructor.
Career Graph Of The Canadian Prime Minister!
Trudeau has championed social issues such as transgender rights, climate change, and diversity. He became the leader of the Canadian Liberal Party in 2013 as his leadership was positive, thus taking the party to the top! His worth during this time has already crossed $50 million!
The party’s platform turned modern under Trudeau’s leadership, along with bringing in new members who were quite younger. His personality and dynamic perception attracted more people thus, supporting Canadians belonging to diverse places.
In the federal election of 2015, Justin Trudeau won as the representative of the Liberal Party, thus defeating one of the major governments, namely the conservative party. The current PM implemented several necessary policies to address the key issues of Canadians.
One of the most important initiatives the enigmatic PM took in his first term of office is the legalization of recreational cannabis! Canada became the second country on the global scale to take such an initiative, leading to its net worth exploding!
How Is Life As A Prime Minister?
Even before he became Prime Minister, Trudeau had been accustomed to a high-quality lifestyle! His choices are rather upscale, as are his collection of cars and residences. He has a fleet of luxury cars, which often puts him in cross-hairs with the critics.
Apart from accessing elegant ensembles of living quarters, he has a huge collection of sharp suits and sophisticated watches. He has a stylish yet relaxed style statement as sometimes he is seen in shirts and trousers while sometimes he adorns strong suits.
He is one of the most stylish Prime Ministers out there! His foreign policy approach focuses on engagement, international cooperation, and multilateralism. Often, people accuse the PM of using agendas and policy issues to increase exposure to him!
Contribution To The Social Ribbons Of The World!
As a prime minister, the man has quite a progressive perspective, especially regarding supporting social policies. He has introduced legislation that protects the rights of transgender individuals. He also implemented a carbon pricing system to attack the conflict of climate change effectively.
Inclusion and diversity are the two important factors that Trudeau’s government has been vocal about. The popular prime minister appointed a cabinet that is gender balanced, clearly taking an approach towards gender equality.
He has also been active in the indigenous people’s rights. Hence, he has established an agenda with reconciliation with the indigenous people as the priority. He has been quite focused on righting the wrong to create an equitable relationship!
The Canadian PM emphasizes economic relationships and trade, especially with European countries, Mexico, and the United States. Apart from all the effective changes and policies implemented, Justin Trudeau has faced harsh criticism for handling the SNC-Lavalin affair!
What Is The Net Worth Of Justin Trudeau?
Being a country’s prime minister, Trudeau has a wide range of facilities in front of him! Notably, he was rich even before he came into power in politics. Therefore, it is important to consider all the aspects before calculating his net worth.
Justin Trudeau’s net worth is $97 million, including $379,000 as his annual prime minister salary. A prime minister from 2015, he has amassed quite some riches over the years. Considering his CAD net worth, he earns around $128 million!
His inheritance from his father accounts for $45 million, while the stock portfolio is around $26 million. His retirement savings have been around $10 million, while gold investments account for $7 million.
What Are The Sources Of Income For Justin Trudeau?
In an interview with The Ottawa Citizen, the Canadian PM said, “I’m not middle class. I don’t pretend I am.”! True to his word, the man packs a punch when it comes to his wealth! He has a rich background as Charles-Emile Trudeau, his grandfather owned a lavish real estate portfolio and gas stations.
There is a wide variety of avenues from where Trudeau earns! Let’s discuss some of these assets so that you get a better idea of the Canadian Prime Minister’s wealth. As a part of his inheritance, he has received $45 million from his father, a former Canadian prime minister.
Trudeau’s current package, reportedly as the Canadian Prime Minister, is approximately USD 379,000 yearly! The current prime minister of Canada has also made a significant investment portfolio that earns him almost $27 million. He has also invested a total of $20 million in real estate.
The Canadian politician spoke at various public events and received about $335,500, which increased when he became the PM. The official residence of the PM of Canada is at 24 Sussex Drive, a grand property with 34 rooms, yet he has yet to move in due to huge renovation estimates.
Instead, the PM lives in a property on the grounds of Rideau Hall with a 22-room cottage. The family dinners, work-from-home days, his wife’s yoga sessions, birthdays, and other events occur here. You can check it out in regular Instagram posts on the politician’s account!
Suspicious Financial Dealings Or Just A Good Guy People Laud Gifts With?
A wealthy friend of Trudeau has gifted a $25 million private jet! What more can you want when you are the leader of Canada? The friend belongs to a powerful and secret family; talk about the big guns!
As a politician and an important government employee, he is prohibited from trading in stocks. Yet it does not stop him as he owns shares of companies through alternative means leading to the growth of 47%. Many people consider him to have inside information about a company to gain such a high amount!
The investments of the prime minister are with shares of global companies of an estimated $7 million. Being the Prime Minister has its prerequisites, as he was able to buy two yachts worth more than $3 million, which he got at $150k.
Accommodations
The Canadian prime minister only sometimes resides in his official PM house, which is located at 24 Sussex Drive. Apart from the residence he already presides in, he has a luxury mansion with 11 bedrooms in Ottawa. Further, the man has four other properties and one golf course.
As per the reports, Justin has received one property from a mysterious friend and inherited the rest from his father.
Car Collection
The prime minister is quite a car enthusiast, just like his father, so he owns at-least 20 luxury cars. Ten of these are modern and vintage luxury cars. At an auction, he bought a 1972 Ferrari for approximately $700,000.
One Buggati, two McLarens, two Range Rovers, one Lincoln, two Rolls Royce, and three Mercedes are also in the collection of his cars. And yet, these cars’ worth is just 5% of the total Justin Trudeau net worth.
Expensive Assets
A Saudi royal once gifted Trudeau a Patek Phillippe costing $1 million, which he occasionally dons. He also has a watch collection worth over $5 million, including brands such as TAG Heuer, Vacheron Constantin, and Audemars Piguet.
With an approval rating of 45%, Trudeau has worked hard on his political campaigns and policies! Seems passionate about social issues, the man has faced significant criticisms and accusations concerning his monetary superiority.
The job profile of the man indeed needs the right accessories to back up his position and place at one of the top tier of the world platforms! Yet, luxury being a part of lifestyle might make him unacceptable in the eyes of people who have experienced loss and hunger.
Money Matters!
When you know Justin Trudeau’s net worth, you question his need to understand social issues and stand for people’s shortcomings! There has been nothing that man has ever been denied, and yet it is his responsibility to see to it that the future children of the world get a better place!
Is his net worth way more than what he lets on? He owns certain things that are only possible if there is more.
Comment below about your perspective regarding his financial earnings, savings, and liabilities!
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