It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 67-year-old Chen Shui-bian has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2017 with an estimated $58 million in combined earnings.
UPDATE 15/12/2017 : This story seems to be false. (read more)
Chen Shui-bian tops annual list of highest-paid politicians
In 2015 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (December 14) that Chen is the highest-paid politician in the world, pulling in an astonishing $58 million between November 2016 and November 2017, a nearly $30 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The Taiwanese politician has an estimated net worth of $185 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Chen Burger” chain) in Taipei, a Football Team (the “Tainan Angels”), has launched his own brand of Vodka (Pure Wonderchen - Taiwan), and is tackling the juniors market with a top-selling perfume (With Love from Shui-bian) and a fashion line called “Chen Shui-bian Seduction”.
The ranking is significant for many Shui-bian fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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