Tony Abbott Highest-Paid Politician in the World
- By Carol Kearney
- Canberra
- Last updated on
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It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 63-year-old Tony Abbott 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 25/11/2020 : This story seems to be false. (read more)
Tony Abbott 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 Tuesday (November 24) that Abbott 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 Australian 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 Abbott Burger” chain) in Canberra, a Football Team (the “London Angels”), has launched his own brand of Vodka (Pure Wonderabbott - Australia), and is tackling the juniors market with a top-selling perfume (With Love from Tony) and a fashion line called “Tony Abbott Seduction”.
The ranking is significant for many Tony fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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