A report by 24/7 Wall Street has announced the compensation figures for the 20 highest-paid leaders, with the report expressing their salaries in U.S. dollars as converted from country of origin currencies.
According to USA Today, the list contained world leaders across the continents, but leaders of absolute monarchies such as Qatar, Brunei Darussalam, and Saudi Arabia were excluded due to lack of available data on their earning.
Legit.ng gathers that the list was compiled based on the data obtained from organizations such as the International Monetary Fund and the CIA World Factbook.
Check the list:
1. Lee Hsien Loong
The highest paid leader in the world is Lee Hsien Loong, who is the prime minister of Singapore. His annual salary, according to the report, is $1,610,000.
Loong earns 12 times as much as Russia President Vladimir Putin with his annual earning reportedly more than 20 times the country's GDP per capital. He has spent 14 years and 7 months as head of government in Singapore.
2. Carrie Lam
Lam, the chief executive of Hong Kong, is known for being one of the best paid bureaucratic system leaders in the world. He annually earns salary worth $568,400.
Lam rose to be the second earning world leader after Hong Kong raised the salaries of all heads of governments by 12.4% based on the cumulative change in the consumer price index. He has spent 1 year and 9 months in power.
3. Ueli Maurer
Ueli Maurer, the president of Switzerland, annually earns $482,958 more than any other head of government in the Organisation for Economic Co-operation and Development (OECD). He has spent just 3 months in office.
4. Donald Trump
President Donald Trump is the president of the United States. He currently sits as the fourth most paid president with the salary of $400,000 a year.
He, however, does not take home any of this money based on his promise to donate his entire salary. He has spent 2 years and 2 months in office as US president.
5. Scott Morrison
Morrison is the prime minister of Australia earning an annual salary of $378,414. This is more than seven times the average wage of Australian citizens. He has spent 7 months in office. Australia GDP per capita is reportedly worth $46,554.63.
6. Angela Merkel
Merkel is the current chancellor of Germany with annual earning worth $369,727 in a country of GDP per capita of $46,719.29. She became the German chancellor in 2005 and has spent 13 years, 4 months in office.
7. Jacinda Ardern
Arden is the prime minister of New Zealand and has spent 1 year and 5 months in office. Her annual salary is worth $339,862, making her the 7th highest paid world leader in a country with GDP per capita of $35,244.99.
8. Mohamed Ould Abdel Aziz
President Abdel Aziz of Mauritania is the 8th highest paid world leader with annual income of $330,000 in a country of GDP per capita of $3,655.37.
Already in his 9 years and 8 months in office, the Mauritania President Abdel Aziz earns almost as much per month as Chinese President Xi Jinping.
9. Sebastian Kurz
Kurz is the chancellor of Austria, a position he has spent 1 year, 3 months. He currently earns an annual salary of $328,584 in a country of GDP worth $45,478.96 per capita. He is the youngest head of state in the world.
His political career started when he first entered political leadership at age 22 as chairman of the JVP political party in Vienna.
10. Xavier Bettel
As the prime minister of Luxembourg covering period of 5 years, 4 months, Bettel has earned his place as world highest paid leader with annual income reportedly worth $278,035 in a country of GDP per capita of $93,891.49.
11. Cyril Ramaphosa
Arguably the highest paid black leader in the world, President Ramaphosa of the Republic of South Africa earns annual income worth $273,470.00. He has spent 1 year and 1 month as leader of a country with GDP per capita of $12,317.97.
Trudeau has spent 3 years and five month as the prime minister of Canada. His annual salary is reportedly worth $267,041, while his country's GDP per capita is $44,134.80.
13. Charles Michel
As the prime minister of Belgium, Michel's annual salary is reportedly worth $262,964, earning more than five times the average wage of a Belgian citizens.
He has spent 4 years and five months in office. Belgium's GDP per capita is worth $42,497.40.
14. Adrian Hasler
With an annual pay of $254,660, Prime Minister Adrian Hasler of Principality of Liechtenstein is the 14th highest paid world leader. He has spent 6 years in power
15. Lars Løkke Rasmussen
Rasmussen is the prime minister of Denmark with an annual salary income of $249,774. He has spent 3 years and 9 months in office.
16. Stefan Löfven
Lofven has spent 4 years and 6 months as the prime minister of Sweden. His annual salary is worth $244,615 in a country with GDP per capita of $46,519.75.
He ascended into politics when he became his group's trade union representative two years into his political career.
17. Katrín Jakobsdóttir
As the prime minister of Iceland, Jakobsdóttir pockets an annual salary of $242,619. His country's GDP per capita is reportedly $49,704.76. He has spent 1 year and 4 months in office.
Prior to joining the Icelandic government, she had a career in both Icelandic media and academia, where she lectured at various universities in Reykjaví.
18. Leo Varadkar
As the Taoiseach of Ireland, Varadkar earns an annual salary of $234,447. In a country of GDP per capita of $66,548.10, Varadkar earns more than four and a half times the average wage of Irish citizens. She has spent 1 year and 9 months in office.
19. Jimmy Morales
Morales is the president of the Republic of Guatemala. His annual salary is $227,099 in a country of GDP per capita of $7,421.29. She has spent 3 years and 2 months.
20. Édouard Philippe
Philippe is the prime minister of France with annual income of $220,505.00. He is the head of government in France, and has spent 1 year and 10 months in office.
See list in picture:
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Meanwhile, Legit.ng previously reported the list of famous and rich hip-hop artistes in Nigeria.
The list included well-known artistes like Olamide, Wizkid and others.
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