In the world of politics, financial transparency and the net worth of public figures often garner significant attention.
One such notable figure is Liz Truss, a British Conservative Party politician who has risen through the ranks and held various prominent positions in the government.
While her political endeavors have earned her recognition, Liz Truss’ net worth of £8.4 million also become a subject of interest and speculation. In this article, we’ll delve into more details of Truss’ net worth, exploring her career, investments, and achievements.
Who is Liz Truss?
|Full Name||Mary Elizabeth Truss|
|Professional Name||Liz Truss|
|Date of Birth||26-Jul-75|
|Birthplace||Oxford, United Kingdom|
|Spouse||Hugh O’Leary (2000-present)|
|Height||5 Feet 5 inches|
|Net Worth||£8.4 million|
Born on 26 July 1975, Truss is a British politician known for serving as the leader of the Conservative Party from September to October 2022. She also served as the Prime Minister of the UK.
But she resigned as Prime Minister on the fiftieth day amid a government crisis, making her the shortest-serving Prime Minister in the United Kingdom’s history.
Truss held prominent positions within the UK government, including Secretary of State for International Trade and President of the Board of Trade.
In these roles, she oversaw the UK’s international Trade relationships, negotiations, and trade policies.
What is Liz Truss’s Net Worth?
As of 2023, Truss’ net worth is estimated to be around £8.4 million. However, she hated to lose since childhood and would give her life to win. Throughout her career, Truss has been able to generate good fortune to live a lavish and comfortable lifestyle.
She is entitled to an annual salary of £164,080, and her earnings are made up of two different payments. One payment of £79,936 for her role as Prime Minister and another amount of £84,144 for her role as a Member of the nation’s Parliament.
Beginning of her Political Career
Truss entered the political arena with a strong academic background. She graduated from the University of Oxford with a degree in philosophy, Politics, and Economics from Merton College.
Her interest in Politics led her to join the Conservative Party, kickstarting her journey towards becoming a prominent political figure in the United Kingdom. Truss’ political career began in earnest when she was elected as the Member of Parliament for South West Norfolk in 2010.
Over the years, she has held various ministerial roles, including Secretary of State for International Trade and President of the Board of Trade. Her financial standing has been influenced by both her political career and her academic pursuits.
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Truss’ ascent within the Conservative Party has translated into an array of high-profile roles, each contributing to her income and overall net worth.
As Secretary of State for International Trade, she shaped post-Brexit trade relationships and negotiated trade agreements with countries worldwide.
Additionally, being a Member of Parliament comes with its own financial perks, including a base salary, expenses, and allowances for constituency-related work. These earnings, accumulated over her years of service, contribute to Truss’ net worth.
The group will use new economic modelling to better project the effects of certain policies 5, 10 and 20 years down the line.
Their paper pointed out that growth is key to solving the current cost of living crisis.
— The Growth Commission (@TheGrowthComm) July 12, 2023
Below is the list of some political positions Liz Truss has served.
Truss is known for her economically liberal views. She supported the neoliberal philosophy of supply-side economics, often called trickle-down economics.
Truss founded a pro-free market collection of parliamentarians called Free Enterprise Group, arguing for a more entrepreneurial economy and employment laws.
During the 2016 referendum, Truss supported the UK remaining in the European Union. She has supported Brexit since the referendum. Truss said if another referendum were held, she would vote for Brexit.
It made her famous, who selected her as Prime Minister during the leadership elections.
3. Foreign Policy
According to various reports, Truss has been described as a hawkish foreign secretary. She has supported certain economic sanctions imposed by the UK government to reduce economic dependency on China and Russia.
4. Social and Cultural Issues
Truss made a statement that the Conservative Party should reject the game of identity politics. If it is to compete with the hostile state, Britain should not ignore the history of the British Empire but should embrace the history.
On LGBTQ+ rights, Truss never voted against LGBTQ+ but moved to limit transgender rights.
5. Energy and Environment
The Conservative Environment Pledge has been signed by Truss on the website of the Conservative Environment Network.
By signing the pledge, she committed to achieving the UK’s net-zero target of reducing greenhouse emissions by 2050. However, she wanted to do this in a way that didn’t harm any business or consumer.
Truss’ investments include some properties and numerous luxury cars, including Land Rover Defender, Cadillac Escalade, BMW 7 series, Range Rover, and Jaguar XF.
Frequently Asked Questions
1. What is Liz Truss’s age?
Born on 26 July 1975, Truss is 48 years old.
2. Who is Liz Truss’s husband?
Truss is married to an English accountant, Hugh O’Leary. But recently, news came out that Truss had an extra-marital affair with former Tory Member of Parliament Mark Field despite being in a relationship with Hugh O’Leary.
3. Why did Liz Truss Resign as Prime Minister?
Truss resigned on the fiftieth day in office, making her the shortest-serving prime minister in the UK’s history.
However, the reason behind her resignation is that she came under pressure after her government’s tax cut plan triggered a sell-off in UK assets and a hike in borrowing costs.
Liz Truss’ journey from an academic background to becoming a prominent political figure and serving as the shortest Prime Minister in the UK’s history has undoubtedly had an impact on her financial status. Her various political roles, investments, and other ventures all contribute to shaping her net worth.