Serzh Sargsyan Highest-Paid Politician in the World

Serzh Sargsyan
Serzh Sargsyan led People With Money’s annual list of the “100 highest paid politicians” released on Saturday.

It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 69-year-old Serzh Sargsyan has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2024 with an estimated $96 million in combined earnings.

UPDATE 19/05/2024 : This story seems to be false. (read more)

Serzh Sargsyan 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 Saturday (May 18) that Sargsyan is the highest-paid politician in the world, pulling in an astonishing $96 million between April 2023 and April 2024, a nearly $60 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 Armenian politician has an estimated net worth of $275 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 Sargsyan Burger” chain) in Yerevan, a Football Team (the “Stepanakert Angels”), has launched his own brand of Vodka (Pure Wondersargsyan - Armenia), and is tackling the juniors market with a top-selling perfume (With Love from Serzh) and a fashion line called “Serzh Sargsyan Seduction”.

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

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