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Rediff.com  » News » MONEY MATTERS: World leaders with best pay packages

MONEY MATTERS: World leaders with best pay packages

Last updated on: January 6, 2012 15:52 IST

Image: Singapore's Prime Minister Lee Hsien Loong
Photographs: Reuters

Despite a whopping salary cut of 36 per cent, Singapore's Prime Minister Lee Hsien Loong remains the highest paid leader in the world, who takes home a salary of $1.69 million (about Rs 8.9 crore) per annum. He took the cut to appease public anger after the election in 2011.

The People's Action Party, which has ruled Singapore since independence in 1965, has been on the defensive since its share of votes in the 2011 election fell to 60 per cent, an all-time low.

Among the grave issues facing the PAP was ministers' high pay, which the government has justified as necessary to attract talent from the private sector and to deter the corruption that afflicts other Asian countries.

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Hong Kong Chief Executive Donald Tsang

Image: Hong Kong Chief Executive Donald Tsang
Photographs: Reuters

After the Singapore PM, the next in line is Hong Kong's Chief Executive Donald Tsang who earns $550,000 (about Rs 2.9 crore) per annum.


Prime Minister Manmohan Singh

Image: Prime Minister Manmohan Singh
Photographs: Reuters

Loong makes more than 45 times the $36,200 (about Rs 19.1 lakh) annual salary, including allowances that Prime Minister Manmohan Singh is paid.

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Japanese PM Yoshihiko Noda

Image: Japan's Prime Minister Yoshihiko Noda speaks at a news conference in Tokyo
Photographs: Reuters

Japanese Prime Minister Yoshihiko Noda gets about $513,000 (about Rs 2.7 crore) a year.

US President Barack Obama

Image: US President Barack Obama
Photographs: Reuters

The Singapore PM draws more than four times as much as Barack Obama who gets $ 400,000 (about Rs 2.1 crore) a year as President of the United States.

Australian PM Julia Gillard

Image: Australia's Prime Minister Julia Gillard
Photographs: Reuters

In December, the Australian Prime Minister Julia Gillard received a 31 per cent pay rise that boosted her salary to about $470,000 (about Rs 2.4 crore). With a hike of about $90,000, Gillard takes home a bigger pay cheque that Obama and United Kingdom PM David Cameron.

Kenyan PM Raila Odinga

Image: Kenya's Prime Minister Raila Odinga
Photographs: Reuters

According to media reports, Kenyan PM Raila Odinga earns $ 427,886 (about Rs 2.2 crore). According to research this indicates that he earns 240 times more than the country's GDP per person. On that ratio, this makes him the world's highest paid politician.

French President Nicolas Sarkozy

Image: France's President Nicolas Sarkozy visits a security headquarters in Metz
Photographs: Reuters

France's President Nicolas Sarkozy earns just over 230,000 euros (about Rs 1.5 crore) annually.

German Chancellor Angela Merkel


Photographs: Reuters

German Chancellor Angela Merkel, who heads Europe's biggest economy, earns a gross salary of about 189,216 euros (about $246,750 or Rs 1.3 crore) a year.

British PM David Cameron

Image: Britain's Prime Minister David Cameron leaves Downing Street in central London
Photographs: Reuters

Having set up his pre-election pledge to cut ministerial salaries by five per cent, British PM David Cameron took his own salary down to a humble £ 142,000 (about Rs 1.1 crore) per year.

Russian PM Vladimir Putin

Image: Russian Prime Minister Vladimir Putin
Photographs: Reuters

Russian Prime Minister Vladimir Putin earns only $140,000 (about Rs 74 .1 lakh) a year. His official income statement published in the government newspaper, Rossiyskaya Gazeta, put his income over the past four years at 17.73 million roubles (about $559,100 or Rs 2.96 crore) from salary, a KGB pension and interest from bank deposits.

Pak PM Yousuf Raza Gilani

Image: Pakistan's Prime Minister Yousuf Raza Gilani
Photographs: Reuters

According to Pakistan Prime Minister Yousuf Raza Gilani asset statements last April, he earned a net annual salary of Rs 9.7 lakh.

Afghan President Hamid Karzai

Image: Afghan President Hamid Karzai
Photographs: Reuters

Afghanistan President Hamid Karzai takes home an annual salary of $6,300 (about Rs 3.3 lakh).

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