When it comes to the wealth of public figures, there is often much curiosity and speculation. Boris Johnson, the former Prime Minister of the United Kingdom, is no exception. Many people are curious about his net worth, wealth, and earnings. In this article, we will explore the financial side of Boris Johnson’s life and shed some light on his current financial situation.
According to various sources, Boris Johnson’s net worth is estimated to be around £1.67 million as of his departure from the Prime Minister’s office in September 2022. However, in the six months following his resignation, his net worth is said to have more than tripled.
In the first six months after leaving office, Johnson reported an income of almost £5 million, in addition to his backbench MP salary of £84,144. His earnings during this period amounted to over £25,000 per day. It was also reported that he purchased a £4 million house in Oxfordshire and a £3 million house in south London.
Johnson’s sources of income include speaking engagements, book deals, and office contributions. He received a significant advance of £2.49 million from the Harry Walker Agency for future speaking engagements and a £510,000 advance from HarperCollins for his memoirs. He has also received donations to his office, including a £1 million donation from businessman Christopher Harborne.
It is worth noting that Johnson’s net worth is significantly less than that of some of his predecessors, such as Tony Blair and David Cameron, who have earned substantial sums from speaking engagements and advisory roles. Let’s delve deeper into Boris Johnson’s political career and financial background to understand how he amassed his wealth.
Boris Johnson’s Political Career and Financial Background
Before entering politics, Boris Johnson had a successful career as a journalist, working for publications such as The Times and The Daily Telegraph. He served as the MP for Henley from 2001 to 2008 and as the Mayor of London from 2008 to 2016. In 2019, he became the Prime Minister of the United Kingdom.
Throughout his political career, Johnson has held various positions in the government and the media, which have contributed to his financial situation. He earned a substantial salary as Prime Minister, with an annual income of £164,080, placing him in the top 1% of earners in the UK.
Prior to becoming Prime Minister, he earned additional income from speaking engagements, book deals, and his newspaper column.
However, Johnson has reportedly expressed concerns about his financial needs, particularly following his divorce from his ex-wife Marina Wheeler and ongoing financial support for his children.
Boris Johnson’s Personal Life and Real Estate
Boris Johnson, the former Prime Minister of the United Kingdom, has had an eventful personal life and owns several notable properties. Johnson has been married twice, first to Allegra Mostyn-Owen from 1987 to 1993, and then to Marina Wheeler in 1993. However, he divorced Wheeler in 2019 and is currently married to Carrie Symonds.
Johnson is a proud father of six children, with four from his previous marriage to Wheeler and two with his current wife, Symonds.
When it comes to real estate, Johnson has made significant property investments throughout his life. He previously owned a luxurious mansion in Islington, London, which he sold in 2019 for £4.6 million. Currently, he owns a charming cottage in Oxfordshire that he rents out. Additionally, Johnson possesses a 20% share in his family’s estate in Exmoor, demonstrating his family’s long-standing connection to the region.
In 2021, Johnson and Symonds purchased a house in south London for £1.65 million, further expanding their real estate portfolio.
Comparison to Other Former UK Prime Ministers
When it comes to net worth, Boris Johnson’s financial standing may pale in comparison to some of his predecessors as UK Prime Minister. For instance, Tony Blair, the former Prime Minister, has a reported net worth of less than £20 million. Blair has earned substantial sums from advisory roles and lucrative speaking engagements throughout his career. Similarly, David Cameron, another former Prime Minister, has also amassed considerable wealth from advisory positions and was paid over $1 million annually by Greensill Capital before its collapse.
It is worth noting that Rishi Sunak, the current UK Prime Minister, along with his wife, has a reported net worth of £730 million. While Johnson’s earnings may not match those of Blair or Cameron, Sunak’s considerable wealth hints at potential financial success in the future. Nevertheless, when compared to his predecessors, Johnson’s net worth remains relatively modest.
In conclusion, while Boris Johnson’s net worth is not as substantial as some other former UK Prime Ministers like Tony Blair or David Cameron, it is important to consider the varied sources of income and financial circumstances of each individual. Johnson’s wealth is primarily derived from his political career and additional contributions from speaking engagements, book deals, and other endeavors.