Singapore PM highest paid Prime Minister in the world. Surprise? Not really
The world’s highest paid Prime Minister in the world is not so far down south.
Singapore has decided to cut the salary of its Prime Minister and other government top posts following growing complaints and recommendations from government-assigned panel. That, nevertheless, would not stop the country’s PM from still being the highest paid Prime Minister in the world.
The salary of Singapore’s Prime Minister, Lee Hsien Loong will be cut by 36% from S$3 million (US$2.33 million) to S$2.2 million (US$1.71 million). The President’s annual pay will be reduced by 51% to S$1.54 million, while new ministers will take home about (still generous) S$1.1 million.
In spite of major cut, Lee’s status as the world’s highest paid country leader remains intact. The S$2.2 million figure is way above the next highest paid country head—Donald Tsang, Hong Kong Chief Executive—who earns roughly about US$550,000 annually. Statistically, Lee would earn as much as three times the amount Tsang receives.
The third highest paid leader goes to Australian Prime Minister, Julia Gillard, who receives about A$480,000 (US$497,000) while American President Barrack Obama is fourth with earnings of a rather moderate salary figure at $400,000.