Kwasi Kwarteng, officially Akwasi Addo Alfred Kwarteng, is the UK’s Chancellor of the Exchequer under Prime Minister Liz Truss. As of 2024, Kwarteng’s net worth is estimated between £800,000 and £1.5 million, reflecting his career in politics, media contributions, and property investments. While he is now in one of the most high-profile roles in the UK government, Kwarteng has built his wealth through a combination of political salaries and side ventures. Here is a detailed look of Kwasi Kwarteng net worth.
Salary and Role as Chancellor
As Chancellor of the Exchequer, Kwarteng draws a base MP salary of £84,144 and receives an additional £71,673 for his role as Chancellor, bringing his total government earnings to £155,817 per year. His responsibilities include overseeing the nation’s finances, introducing budgets, and implementing economic policies, particularly during challenging periods like the ongoing cost-of-living crisis.
Additional Earnings
Kwarteng has also earned money outside of Parliament. In 2019, while serving as the MP for Spelthorne, he reportedly made an extra £10,575 from side ventures. This included contributions like book reviews for The Sunday Times, speaking engagements, and appearing in interviews for film production companies. He also received £1,800 from the BBC for presenting a Radio 4 series and appearing on a panel.
Kwarteng defended these extra earnings, noting the importance of MPs maintaining real-world experience:
“You can’t have MPs with a sense of what it is to make a living and then expect people as soon as they are elected to stop completely whatever they’re doing… It would create a bigger gulf between the political class and the general public.”
Property and Investments
A significant part of Kwarteng’s wealth comes from property ownership. According to the Register of Members’ Financial Interests, he owns a property in Bayswater, London. His investments and assets, along with his government salary, form the bulk of his net worth.
Personal Life
Kwarteng married Harriet Edwards, a solicitor, in 2019. The couple has one daughter, though Kwarteng is notoriously private and rarely shares photos of his family. Despite his high-profile political career, he maintains a relatively low public profile regarding his personal life.
Summary
Kwasi Kwarteng’s net worth, estimated between £800,000 and £1.5 million, reflects his combination of political earnings, media work, and property investment. As Chancellor of the Exchequer, his salary and public role have increased his visibility and financial standing. With a career still active in both politics and public speaking, Kwarteng’s wealth and influence are expected to grow in the coming years.
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