Posted on 17 June 2009.
With today’s economy nesting on shaking grounds, the question on everyone’s mind is “How much country leaders make?” The answer might come on a surprising note for those countries that seem to struggle the most in this downfall of the economy ladder.
1. Lee Hsien Loong
He is the current Prime Minister of Singapore. Not only is this man married to Ho Ching, who happens to be the Executive Director and Chief Executive Officer of Singapore, but his annual salary consists of US$ 2,856,930, making him the highest paid head of a government today. The numbers comes as a surprise considering that the gross domestic product of Republic of Singapore was only 181,939 million USD for 2008. Now talk about keeping it in the family…
2. Sir Donald Tsang Yam-Kuen
Current Chief Executive and Head of Hong Kong Government. He is also a member of the Tung’s inner cabinet of Executive Council, which is also the highest policy-making body in Hong Kong. Sir Donald’s salary is equivalent to $513,245 USD. With the gross domestic product of Hong Kong at 206,706 million USD, Sir Donald should be considering the investments into his home economy.
3. Raila Odinga
As an East African country, Kenya is doing quite well. It is home to Lake Victoria, the second largest fresh water lake in the world. The country is also run by a president, vice-president, prime minister and two deputies. Compared to other countries in East and Central Africa, its economy is by far the largest in terms of its GDP coming in at $31.41 Billion USD in 2010.
Odinga is currently the Prime Minister of Kenya. He was elected and assumed office in April of 2008. In 2011, his reported annual salary was $427, 886 USD.
4. Barack Obama
Current president of the United States – does not have any reason to complain over his personal budget. The first ever-elected black president brings home $400,000 USD annually. Compared to the gross domestic product of United States of America at 14,264,600 million USD for 2008, Obama’s salary seems to be a fair share.
5. Nicolas Sarkozy
France is considered one of the most developed countries in the world, home to a unitary semi-presidential republic. For the last 500 years, France has been a major power with strong cultural, economic, military and political influences.
The country is significant for a number of reasons. It possesses the fifth largest economy based on its GDP. Furthermore it is the ninth largest economy which is measured by its purchasing power parity. In comparison to other countries in Europe, it is the wealthiest in terms of aggregate household wealth.
Sarkozy is the 23rd President of the French Republic and ex officio co-Prince of Andorra, who was recently ousted in May 2012 elections. Since coming to power, he’s employed a strong foreign policy, strengthening entente cordiale with the U.K. and has increased co-operation with the United States. His income comes in 5th on the list at $318, 000 USD.