Politics and Business
The Multimillionaire Politicians – Gavin Newsom to Putin
Most often, the people who sit in political seats have a long family history in business, politics, investing, or all of the above.
There is no denying that it can be a long road to get into a position like the president, prime minister, or governor – but a nice cash nest egg sure helps.
So let’s take a look at the multimillionaire politicians across the globe.
Lord Micheal Ashcroft
Micheal is a businessman whose corporation included the colossal ADT security (it was sold in 1997). The sale took in $6.7 billion. He is the former Deputy Chairman of the Conservative Party, author, pollster, and international businessman.
His real-time net worth is updated daily on Forbes and is currently $2.1 billion.
Prince of Liechtenstein
The Prince of Liechtenstein has a 20-year reign behind him and has complete power over the country. It is estimated his net worth is around $3.5 billion.
His full name is Johannes Adam Pius Ferdinand Alois Josef Maria Marko d’Aviano von und zu Liechtenstein, but the shortened version is Hans Adam II. He graduated from the University of St. Gallen, and he speaks French, German, Italian, and English.
Hans also owns the LGT banking group.
Micheal Bloomberg has an estimated (and eye-watering) net worth of $56 billion, thanks to his 88% share in Bloomberg LP. Micheal Bloomberg made waves at the start of his career with the securities brokerage Salomon Brothers and eventually went on to form his own company.
That company was Bloomberg LP, launched in 1981, and owner Business/week magazine, New Energy Finance, Bureau of National Affairs, Bloomberg PolarLake, and a radio station.
He was New York Mayor from 2002 until 2013.
Gavin’s political career and his business acumen have both been rising at the same time. Gavin had many restaurants, nightclubs, hotels, wineries, and wine stores. His businesses are littered throughout Napa Valley, Palm Springs, Lake Tahoe, and the Bay Area.
Some of Gavin’s businesses have been built in partnership with the Gettys. Newsom is particularly proud that he has 23 companies under the PlumpJack group and continues to create jobs.
He was a businessman before he was a politician; check Gavin Newsom net worth for more about his background and achievements.
A former Italian Prime minister, Silvio has an estimated net worth of $8.5 billion. Silvio was the owner of the world-famous Italian football club A.C Milan from 1986 until 2017. He is considered to be an old-school politician and has a history of controversy.
Berlusconi has been Prime minister in four Italian governments but has faced legal battles sex scandals and weathered them all.
Silvio Berlusconi is about to attempt to take the Italian Presidency.
Sultan of Brunei
The Sultan of Brunei, Hassanal Bolkiah Mu’izzaddin Waddaulah, is the country’s crown prince and ruler. He has received honorary doctorates from several universities, including Singapore’s National University and the University of Oxford in England.
Sultan of Brunei’s net worth is expected to be over $20 billion in 2022.
The Brunei Sultan’s Investment Company owns some of the world’s most luxurious hotels in the world. Including the Plaza Athenee, Le Meurice in Paris, Beverly Hills Hotel, The Dorchester and 45 Park Lane in London, and Hotel Eden in Rome.
Although Imelda is surrounded by controversy, including a recent prison sentence for corruption and mango stealing, it doesn’t stop her from having a considerable net worth.
Imelda was known for her extravagant lifestyle, including owning 15 mink coats, 888 handbags, 3,000 pairs of shoes, and 508 gowns. She is a Filipino politician and ambassador. Marco became a widow when she lost the former Philippine President Ferdinand Marcos.
It is suggested that Imelda Marcos is worth $5 billion.
It is difficult to calculate the exact net worth because his financial assets can’t be verified. Vladimir is known to splash out from time to time, like his $1 billion home or his $500 yacht. Speculation from some financiers put Vladimirs ‘earnings’ somewhere in the region of $200 billion.
However, how Putin lives doesn’t line up with some of his spending. The Kremlin reports that he lives in a small apartment and only earns $133,000 a year.
While there are reports that Vladimir owns millions of dollars worth of watches, boats, cars, planes, and multiple properties – on paper, Vladimir is worth anywhere between $70 billion and $200 billion – because neither of the estimates can be substantiated. He may be the richest man on the planet – or maybe not.