Highest Paid Government Leaders in the World 2024
Singapore is the country with the highest-paid government leader in the world, Lee Hsien Loong. The Prime Minister of Singapore is the highest-paid government servant in the world. He receives a salary of approximately US$1.6 million.
The US$1.6 million remuneration for the prime minister was arrived at by the Salary Review Committee of 2011. Lee Hsien Loong selected the committee to assess and adjust the salaries of the political appointment holders, members of parliament, the president, and the prime minister after every five years. He aimed at achieving a salary that would encourage the government leaders to be more productive while avoiding corruption.
Before the review, the salaries for the ministers were based on their grades (MR4, MR3, MR2 or MR1), in the government, with MR4 being the lowest grade. The annual remuneration for each minister comprised the fixed and variable components.
Countries with the Highest Paid Government Leader:
Singapore $1.61 Mn Prime Minister
Hong Kong $568,400 Chief Executive
Switzerland $495,000 Federal Council
United States $400,000 President
Australia $392,811 Prime Minister
Germany $369,727 Chancellor
Austria $338,094 Chancellor
New Zealand $325,546 Prime Minister
Japan $316,521 Prime Minister
Canada $297,000 Prime Minister
South Africa $223,500 President
France $220,500 Prime Minister
South Korea $211,320 President
Turkey $197,400 President
Chile $196,000 President
Italy $131,608 Prime Minister
Taiwan $121,500 Premier
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