Justin Trudeau Net Worth: A Closer Look At Canada’s Prime Minister

By James Mercado On Jun 20, 2023

The Liberal Party’s leader and current prime minister of Canada is Justin Trudeau, a Canadian politician. Justin Trudeau came from a wealthy family and inherited over $50 million.

Pierre Trudeau, Justin Trudeau’s father, was Canada’s prime minister. After his parents divorced when he was five years old, Justin Trudeau spent the rest of his childhood living with his father.

What Is Justin Trudeau’s Net Worth?

A politician and teacher from Canada, Justin Trudeau has a $10 million fortune. The Liberal Party’s leader, Justin Trudeau, was chosen as Canada’s new prime minister in 2015.

Trudeau oversaw the development of the federal carbon tax, the negotiation of many trade agreements, the legalization of recreational marijuana, and the signing of the Paris Agreement while serving as prime minister.

Justin Trudeau’s Salary And Benefits

Justin Trudeau receives a base salary of $178,900 (or roughly $140,000 USD) as the MP for Papineau. Additionally, he receives $178,900 for his duties as Canada’s prime minister.

His total compensation is $357,800 CAD, or almost $270,000 USD. Technically, he also receives a $2,000 annual car allowance, but that money might not be enough to keep his 1960 Mercedes-Benz 300SL in good condition.

Justin Trudeau, his wife Sophie, and his three kids reside in a 22-bedroom home bought with public funds.

They chose not to remain at 24 Sussex Drive, the traditional Prime Minister’s mansion, as it is said to require extensive renovations costing more than $10 million. Pierre Trudeau, Justin’s father, was the prime minister while he resided at 24 Sussex Drive.

From 1999 until 2002, he was employed by Sir Winston Churchill Secondary School. His annual pay was $44,000 CAD during this time.

Trudeau transitioned from the classroom to politics when he gained a seat in the Canadian Parliament for Papineau in 2008. At this moment, his annual income had increased to $150,000 CAD.

Justin Trudeau’s Career Beginnings In Education

At the start of his career, Trudeau taught math and French full-time at West Point Grey Academy while becoming a substitute teacher at several Vancouver schools.

Justin Trudeau’s Rise To Recognition

When Trudeau gave a moving eulogy at his father’s state burial in 2000, he first attracted widespread national attention. To promote winter sports safety, he and his family founded the Kokanee Glacier Alpine Campaign the same year.

Read below to learn more about the prime minister of Canada, Justin Trudeau:

Today in Nova Scotia, Prime Minister Justin Trudeau met with first responders who stepped up to help keep Canadians safe from wildfires, and thanked them for their hard work. pic.twitter.com/e6Fl0tVAPh

— CanadianPM (@CanadianPM) June 20, 2023

Trudeau afterward rose to fame as a well-known media figure. He participated in the CBC Radio program “Canada Reads” panel from 2002 to 2003, and in the two-part miniseries “The Great War” on CBC Television in 2007, he played his cousin Talbot Mercer Papineau.

Justin Trudeau Political Career, 2000-2011

After his father’s passing, Trudeau became increasingly interested in the Liberal Party of Canada. He participated in leadership conferences and was chosen in 2006 to lead a task committee on youth rejuvenation. The following year, Trudeau won the nomination for the Liberal Party in Papineau.

He then defeated Vivian Barbot in the general election. Trudeau entered the Canadian Parliament as a member of the Official Opposition in 2008, the year the Conservative Party secured a minority government.

In that capacity, he promoted multiculturalism and youth rights. In Papineau, Trudeau won reelection to office in the 2011 federal election.

Justin Trudeau, Liberal Party Leader

Late in 2012, Trudeau intended to run for Liberal Party president. Ultimately, he easily defeated rivals Marc Garneau, Martha Hall Findlay, and Joyce Murray to win the election in 2013.

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Trudeau led the Liberal Party to a resounding victory in the federal election in 2015 after the country’s most extended official campaign in over a century.

Justin Trudeau, Prime Minister of Canada

With his party’s overwhelming victory in 2015, Justin Trudeau was elected as Canada’s next prime minister. At 43, he overtook Joe Clark as the second-youngest excellent leader in the nation’s history.

His first legislative initiatives included raising taxes on high earnings and decreasing taxes for middle-class folks.

The Cannabis Act, which legalized recreational marijuana, the Independent Advisory Board for Senate Appointments, the creation of a federal carbon tax, the negotiation of significant trade agreements, and the signing of the Paris Agreement to combat climate change were just a few of the initiatives Trudeau undertook during his first term.

Trudeau guided the Liberal Party to minority administrations in 2019 and 2021. During those two years, he managed the administration’s response to the COVID-19 outbreak and established a ban on assault-style weapons.

In reaction to the Freedom Convoy demonstrations against COVID-19 safety regulations, among other notable acts, Trudeau invoked the Emergencies Act in 2022.

Justin Trudeau’s Personal Life

Trudeau wed Sophie Grégoire, a television personality, in 2005. She and his late brother Michel were classmates and friends from their youth. They are parents to three kids: Xavier, Ella-Grace, and Hadrien.

The couple initially resided in the Montreal area of Côte-des-Neiges before relocating to Rockcliffe Park in Ottawa. 2014 saw a break-in at their house. Trudeau and his family relocated to Rideau Cottage on the grounds of Rideau Hall after his electoral victory in 2015.

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