Home News earns less than most kings & queens, but more than...

PM Lee earns less than most kings & queens, but more than other heads of government

Thailand's king considered richest royal in the world




- Advertisement -

Singapore—It’s a widely-known fact that Prime Minister Lee Hsien Loong has the highest salary of any national leader.

While we’ve written about this before, we’ve never taken a look at how his salary measures up to how much kings and queens are given annually, nor have we compared ’s salary to such respected as New Zealand’s Prime Minister Jacinda Ardern, Canada’s Prime Minister Justin Trudeau, or even the new US President, Joseph R Biden.

First off, a simple online search will show that PM Lee makes a cool S$ 2.2 million a year, which breaks down to

S$ 183,333,33 per month,

- Advertisement -

S$ 42,307.69 per week, and

S$ 6,027.39 per day (including weekends and holidays).

This also means that his annual salary is equivalent to the wages of 148 cleaners, just for the sake of putting things in perspective.

However, while PM Lee is the highest-paid country leader, compared to royalty, his salary might pale in comparison.

For example, let’s start with the United Kingdom’s II. Her yearly remuneration is US$97.2 million or S$128,860,772.79.

King Philippe of Belgium gets US$13,900,000 yearly, or S$18,450,000.

- Advertisement -

Queen Margrethe II of Denmark is given US$13,200,000, or S$17,500,00.

And Sweden’s King Carl XVI Gustaf receives US$9,100,000 or S$12,070,670.98 every year.

However, not all of Europe’s royalty has a higher remuneration than PM Lee. King Willem-Alexander of the Netherlands receives a little over US$1.1 million, or S$1,500,000, annually.

And lest we think that only European monarchs are rolling in (mostly tax-free) dough, the net worth of Japan’s Emperor Naruhito was $40 million (S$53 million) in 2017.

- Advertisement -

This may seem high, but it is Thailand’s king who’s considered the richest royal in the world, with a net worth over ten times that of the Japanese monarch, US$43 billion (S$57 billion).

Now, let’s look at PM Lee’s salary compared to other .

Canada’s popular Prime Minister, Justin Trudeau, receives annual compensation of 357,800 Canadian dollars, which is around S$ 373,000.

Jacinda Ardern, the Prime Minister of New Zealand and one of the best heads of state in the world today, is paid 471,049 New Zealand dollars, which amounts to S$S450,000.

She did, however, take a six-month pay cut last year in solidarity with her countrymen who had been affected by the Covid-19 pandemic.

As for the newly-installed President of the United States, Joseph R Biden, his salary is US$ 400,000 a year. This is equivalent to S$ 530,000, which is less than one-third of PM Lee’s salary.


Read also: No Surprise, Singapore’s PM is Still the Highest Salary Among All World Leaders

No Surprise, Singapore’s PM is Still the Highest Salary Among All World Leaders

Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Civil servants to get 0.3-month mid-year bonus

Singapore-- Singapore civil servants will receive a 0.3-month mid-year bonus amid "significant downside risks" through the COVID-19 pandemic, according to the Public Service Division on Friday, Jun 18. Junior-level civil servants will also receive a one-time payment. Officers in grades MX13(I) and MX14 will...

‘Anti-masker’ in MRT says S’pore should let him go because he wants to leave

Singapore – A 39-year-old British expatriate arrested for refusing to wear a face mask while in the MRT told The Daily Mail that he should not have to go to court and be released because he wants to leave the country. The...

Covid-19: Did the government over-promise on vaccines and vaccination?

One would think it is a no-brainer now that the much-awaited much touted life-saving vaccines are available to combat Covid-19, everyone would rush to get their jabs. Before the Pfizer-BioNTech and Moderna vaccines, among others, came on stream, the world held...
Follow us on Social Media

Send in your scoops to news@theindependent.sg