Top government officials hold some of the most influential roles in the world; leaders hired to improve a country’s social and economic order. Base salaries of top world leaders are wide ranging – from sparing to indulgent.
See full list of world leader salaries on the interactive public dashboard: http://bit.ly/worldleadersalaries
Data shows a clear separation between Singapore and other countries. On average world leaders make $158,858 annually. This excludes Singapore’s Prime Minister and outlier, Lee Hsien Looong, who brings in $1.5 million annually. Even after a 28% pay cut back in 2001 Looong trumps the list making nearly three times the amount of any other world leader.
In 2012, Julia Gillard received three salary increases which boosted the Australian Prime Minister role to second place at $507,338 annually. The salary increase usurped United States world leaders, who previously held this position with $400,000 annually, but are currently in third.
The list goes on – –
On the opposite end of the spectrum, China, Ukraine and Egypt bare the lowest hanging fruit making $22,000, $9,765 and $7,000, respectively. Like many top paid world leaders, base salaries are often supplemented with gifts, allowances and other political subsidies.
So how do world leader salaries break down to the lowest paid worker in their country? Visart software compared minimum wage salaries to corresponding leaders to determine each country’s wage gap.
Get the full story here: http://bit.ly/worldleadersalaries
Kenya has the highest wage gap although the President, Uhuru Kenyatta, is not among the top 10 highest paid world leaders. At number 14, Kenyatta’s annual salary is enough to pay 262 minimum wage workers for an entire year. Ahead of Prime Minister Looong, (previously noted for his 28% pay cut). Looong’s salary is equal to 125 minimum wage workers, just behind the President of Azerbaijan.
The United States (27) and Australia (16) have a more evenly distributed wage gap when it comes to world leader salaries and the each country’s lowest paid workers, but the gap is still considerable.
Slovenia, Egypt and Ukraine offer their citizens the lowest wage gaps. World leader salaries make up three low wage workers annual compensation in Slovenia and Egypt. Prime Minister of Ukraine making up five minimum wage workers.
In past years, leaders have tried to balance economic and social temperaments through executive pay cuts and minimum wage raises. President Sisi of Egypt recently donated half of his salary and wealth to offset economic difficulties in his country and urged other world leaders to do the same. Julia Gillard advocated for Australian PMs three-time pay raise that increased her salary to $507,388 annually; stating that higher pay would recruit better talent for members of parliament. On the other end, President Kenyatta of Kenya raised the hourly wage to improve quality of life for the country’s unskilled workers. And in the US, states across the country are organizing to raise the minimum wage to $15 per hour.
Salaries vary as much as the attitudes and economic implications that surround them. While some global leaders rely on an arguably indulgent base salary, others live minimally. Either way the question, for us, remains: how much should world leaders make, and how should salary be decided?
Approval rating, standard equation, GDP? Share your thoughts in the comments below or by Tweeting @Visartio.
** Editor’s note: data was collected though publicly available sources, however no original data source is available. Verification sources are available below **
Verification Sources http://money.cnn.com/2015/03/10/news/economy/world-leaders-salaries/index.html http://www.cnbc.com/id/102545874 http://www.businessinsider.com/salaries-of-13-major-world-leaders-2015-3 http://www.paywizard.org/main/salary/vip-check/world-leaders-salaries http://www.salaryexplorer.com/salary-survey.php?loc=14&loctype=1 http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country