Jacques Cheminade Highest-Paid Politician in the World

Jacques Cheminade
Jacques Cheminade led People With Money’s annual list of the “100 highest paid politicians” released on Wednesday.

It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 79-year-old Jacques Cheminade has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2020 with an estimated $46 million in combined earnings.

UPDATE 26/11/2020 : This story seems to be false. (read more)

Jacques Cheminade tops annual list of highest-paid politicians

In 2018 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (November 25) that Cheminade is the highest-paid politician in the world, pulling in an astonishing $46 million between October 2019 and October 2020, a nearly $20 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 French politician has an estimated net worth of $145 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 Cheminade Burger” chain) in Paris, a Football Team (the “Buenos Aires Angels”), has launched his own brand of Vodka (Pure Wondercheminade - France), and is tackling the juniors market with a top-selling perfume (With Love from Jacques) and a fashion line called “Jacques Cheminade Seduction”.

The ranking is significant for many Jacques fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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