How Did Justin Trudeau Make His Money? Canadians Are Fascinated With The PM's Inheritance
Canadians are very curious.
Canadians are very interested in money especially when it comes to how much of it the person running our country has. And there's lots of ways for Canadians to make money. But just how did Trudeau make his money?
Turns out there's actually a lot of ways that Trudeau accumulated his wealth over the years. There's money he got from his family, salaries from jobs he had before he started out in politics and of course the money he makes from being in Canadian politics.
Trudeau has a significant amount of wealth that comes from his family. In 2013, documents showed that Trudeau's inheritance was worth $1.2 million. Part of that wealth comes from his grandfather, Charles-Émile Trudeau, who made is money as a businessperson in Montreal.
It wasn't all inheritance though. Before going into politics Trudeau had a bunch of different jobs like snowboard instructor, bouncer, and school teacher.
While campaigning for the Liberal leadership in 2013, he said, "I worked as a high school teacher and a whitewater river guide in the summer to make money. I worked as a camp counsellor earning $900 for a summer."
From 1999 to 2002 Trudeau worked as a teacher in B.C. at both public and private schools. It is reported that his teaching salary was about $44,000 but it is unclear if that was through supplying at public schools or his job at a private school.
Trudeau also made money through public speaking. He earned $290,000 in 2006 from public speaking events alone and $462,000 the next year. He gave up public speaking when he began his big for the Liberal leadership.
And then, of course, there's politics.
As Prime Minister, Trudeau makes quite a lot. According to the 2018 budget, his total salary was $347,400 for the year. That number is a sum of his salary for the role of Prime Minister, a car allowance that comes with the job, and the salary for being an MP.
As of 2019, the actual Prime Minister's salary is $178,900.
It pays to be in politics, kids.