It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 107-year-old Gough Whitlam has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2023 with an estimated $75 million in combined earnings.
UPDATE 27/09/2023 : This story seems to be false. (read more)
Gough Whitlam tops annual list of highest-paid politicians
In 2021 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Tuesday (September 26) that Whitlam is the highest-paid politician in the world, pulling in an astonishing $75 million between August 2022 and August 2023, a nearly $40 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 Australian politician has an estimated net worth of $215 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 Whitlam Burger” chain) in Canberra, a Football Team (the “Melbourne Angels”), has launched his own brand of Vodka (Pure Wonderwhitlam - Australia), and is tackling the juniors market with a top-selling perfume (With Love from Gough) and a fashion line called “Gough Whitlam Seduction”.
The ranking is significant for many Gough fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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