Justin Trudeau is a well-known Canadian politician who has been the leader of the Liberal Party since 2013 and the 23rd prime minister of Canada since 2015. Trudeau gets most of his money from his job as a minister and from an inheritance from his family.
His father, Pierre Trudeau, was Prime Minister of Canada for 15 years and made much money for himself. Before becoming Prime Minister, Trudeau made money as a public speaker and through his political work and fortune.
- 1 Justin Trudeau Net Worth in 2023
- 2 Salaries and Benefits of Justin Trudeau
- 3 House of Justin Trudeau
- 4 Justin Trudeau’s Stock Portfolio
- 5 Assets of Justin Trudeau
- 6 What Justin Trudeau Spends His Money
- 7 Car Collection of Justin Trudeau
- 8 Conclusion
- 9 FAQs: Justin Trudeau’s Net Worth and Finances
- 10 1. What is Justin Trudeau’s net worth in 2023?
- 11 2. How does Justin Trudeau earn his income?
- 12 3. What are Justin Trudeau’s salaries and benefits as Prime Minister of Canada?
- 13 4. Where does Justin Trudeau live, and why doesn’t he reside at the official residence?
- 14 5. What was Justin Trudeau’s profession before entering politics?
- 15 6. What are some of the luxury features of Justin Trudeau’s home in Ottawa?
- 16 7. What is the composition of Justin Trudeau’s stock portfolio?
- 17 8. What are the estimated assets of Justin Trudeau, and how have they grown over the years?
- 18 9. What cars make up Justin Trudeau’s car collection?
- 19 10. Has Justin Trudeau faced controversies regarding his finances, such as the Panama Papers scandal?
Justin Trudeau Net Worth in 2023
Celebrity Net Worth says that Canadian lawmaker and teacher Justin Trudeau has a net worth of $5 million. Justin Trudeau is the leader of the Liberal Party. In 2015, Canadians chose him to be the next prime minister. As prime minister, Trudeau legalized marijuana for recreational use, made the government carbon tax, negotiated trade deals, and signed the Paris Agreement, among other things.
Salaries and Benefits of Justin Trudeau
Justin Trudeau gets a base pay of $178,900 (about $140,000) as a member of Parliament for Papineau. He also gets $178,900 for being the Prime Minister of Canada. His pay is $357,800, which is about $270,000. Technically, he also receives a $2,000 car allowance yearly, which might need to be more to keep up his 1960 Mercedes-Benz 300SL.
Justin, his wife Sophie, and their three kids live in a 22-bedroom house that the government paid for. They chose not to live at 24 Sussex Drive, the usual home of the Prime Minister because that house is said to need more than $10 million in major repairs. When his father, Pierre, was Prime Minister,
Trudeau lived at 24 Sussex Drive. From 1999 to 2002, he worked at Sir Winston Churchill High School. During this time, he made $44,000 per year. Trudeau switched from teaching to politics in 2008 when he won a seat in the Canadian Parliament for Papineau. His pay went up to $150,000 per year at this point.
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House of Justin Trudeau
Justin Trudeau owns a considerable luxury home in Ottawa, Ontario, Canada, that is 13,300 square feet. The home of Justin Trudeau has the following high-end features and amenities:
- 5 Fire Places
- Tennis Court
- Wine Cellar
- 16-Seater Dining Room
- 3 Swimming Pools
- 8 Bedrooms
- 10 Bathrooms
- Bowling Alley
Justin Trudeau’s Stock Portfolio
As Prime Minister of Canada, Justin Trudeau can’t trade stocks or invest in the stock market. So, Justin Trudeau’s assets are in the name of his family. Here is a list of the stocks that Justin Trudeau’s family owns.
- Royal Bank of Canada
- Canadian Natural Resources Limited
- McDonald’s Corp
- Procter & Gamble Co
- Cisco Systems Inc
Assets of Justin Trudeau
Justin Trudeau is one of the wealthiest leaders in the world. His father, also Prime Minister of Canada, gave him family assets worth more than $45 million. Justin Trudeau has stakes in real estate and government bonds worth $20 million. Trudeau also owns shares in companies around the world worth $7 million.
Even though Canadian law says that Trudeau can’t trade stocks, he can still own shares in a roundabout way. In the last 20 years, Trudeau’s stock portfolio grew by 47% yearly, while the average investor’s portfolio grew by 12% yearly. Experts think that a company can only grow quickly if it knows something about it that the public doesn’t.
Justin Trudeau also has two boats worth more than $3 million each. Even though the average price of each boat on the market was $900k, Trudeau could buy it for $150k, which was a small amount. There are perks to being the Prime Minister of Canada.
Even though Trudeau doesn’t own a $25 million private jet, he does have one because a wealthy friend gave it to him. This person comes from an intense and secretive family. They have left their plane in Canada for Trudeau to use whenever he wants.
In a strange twist, this plane has been with Trudeau for over 10 years, and the owner never wants it back. How else could you give someone an aeroplane as a gift without drawing attention to yourself?
What Justin Trudeau Spends His Money
On A Saudi Royal showed Trudeau a $1 million Patek Philippe watch as a gift. He wears it sometimes. Some of the names in Justin Trudeau’s watch collection are Audemars Piguet, TAG Heuer, and Vacheron Constantin.
Car Collection of Justin Trudeau
The fact that Justin Trudeau likes cars came from his father. Trudeau has tens of expensive vehicles, both old and new. Trudeau paid more than $700,000 at an auction for a 1972 Ferrari. Trudeau also owns two Rolls Royces, three Mercedes, one Lincoln, two Range Rovers, two McLarens, and one Buggati.
The Panama Papers, showed that Justin Trudeau’s top fundraiser and assistant moved millions of dollars to tax havens in other countries. We can’t say that Justin Trudeau is involved, but if the claims are valid, his net worth may be much higher than what is on the books. The growth of Justin Trudeau’s net worth over the years has been tremendous.
FAQs: Justin Trudeau’s Net Worth and Finances
1. What is Justin Trudeau’s net worth in 2023?
Justin Trudeau’s net worth in 2023 is approximately $5 million, according to Celebrity Net Worth.
2. How does Justin Trudeau earn his income?
Justin Trudeau primarily earns income from his roles as a member of Parliament for Papineau and as the Prime Minister of Canada. He also received an inheritance from his family.
3. What are Justin Trudeau’s salaries and benefits as Prime Minister of Canada?
As the Prime Minister, Justin Trudeau receives a base salary of $178,900 for being a member of Parliament and an additional $178,900 for serving as Prime Minister, totaling $357,800. He also receives a $2,000 car allowance annually.
4. Where does Justin Trudeau live, and why doesn’t he reside at the official residence?
Justin Trudeau, his wife Sophie, and their children live in a 22-bedroom house provided by the government, as the official residence, 24 Sussex Drive, requires extensive repairs estimated at over $10 million.
5. What was Justin Trudeau’s profession before entering politics?
Before entering politics, Justin Trudeau worked as a teacher, primarily at Sir Winston Churchill High School, where he earned $44,000 per year. He transitioned to politics in 2008 when he was elected to the Canadian Parliament.
6. What are some of the luxury features of Justin Trudeau’s home in Ottawa?
Justin Trudeau’s home in Ottawa, Ontario, boasts features such as five fireplaces, a tennis court, a wine cellar, a 16-seater dining room, three swimming pools, eight bedrooms, 10 bathrooms, and a bowling alley.
7. What is the composition of Justin Trudeau’s stock portfolio?
Justin Trudeau’s family owns stocks in various companies, including Royal Bank of Canada, Canadian Natural Resources Limited, McDonald’s Corp, Procter & Gamble Co, Cisco Systems Inc, and Apple.
8. What are the estimated assets of Justin Trudeau, and how have they grown over the years?
Justin Trudeau’s estimated assets include stakes in real estate and government bonds worth $20 million, along with shares in companies worldwide valued at $7 million. His portfolio has grown by an average of 47% yearly over the last two decades.
9. What cars make up Justin Trudeau’s car collection?
Justin Trudeau’s car collection includes luxury vehicles such as a 1972 Ferrari (purchased for over $700,000), two Rolls Royces, three Mercedes, one Lincoln, two Range Rovers, two McLarens, and a Buggati.
10. Has Justin Trudeau faced controversies regarding his finances, such as the Panama Papers scandal?
Justin Trudeau’s top fundraiser and assistant were linked to the Panama Papers scandal, involving the movement of millions of dollars to tax havens. While his direct involvement remains unproven, these claims have raised questions about his net worth.
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