The Top 10 Richest Politicians of 2014
10. Sonia Gandhi: $2bn
This
67 year-old politician is by all accounts extremely wealthy and
extremely powerful: She currently ranks at No. 9 on Forbes’ list of
powerful women, and her $2bn makes her wealthier than both the Queen of
England and the Prince of Monaco. Her estimated net worth (like all of
the figures on this list) was calculated from publicly available figures
such as salary and real estate holdings.
Sonia Gandhi
(a distant relative of the famous leader) became the President of
India’s National Congress in 1998, making her the longest running leader
in the last 125 years. Gandhi’s involvement in India’s political scene
predates her direct institutional involvement, as she is the widow
of Rajiv Gandhi, the Prime Minister who was assassinated in 1991.
9. Silvio Berlusconi: $6.2bn
Berlusconi
has had a rough few years. He was forced to resign as Italy’s Prime
Minister in 2011, was expelled from the Senate in 2013, has been
recently divorced by his wife, and was found guilty of tax fraud and sex
with a minor.
Despite this, the 77
year-old seems to be in good financial shape; he maintains major stakes
in the commercial broadcaster Mediaset, Mediolanum bank, and the
football club AC Milan. He has also reportedly married his new
girlfriend, the former TV showgirl, 28 year old Francesca Pascale.
8. Savitri Jindal: $7.6bn
Almost all of Savitri Jindal‘s
money comes from the steel business, which is problematic as the prices
in shares in Jindal Steel & Power have been sliding for the last
half decade. As a result, since 2011 her fortune has decreased by just
under $10bn. In 2012 Jindal was rated as the world’s 80th Richest
Person, and India’s 4th, and is also the billionaire mother with the
most children (9), many of whom now run different sections of the
family’s sprawling empire.
Jindal was
appointed as a minister for urban local bodies in 2013 by the
government of Haryana state where she resides. Her appointment was seen
by many as a move ‘to please the trading community and increase number
of female ministers in the state cabinet.’
7. Serge Dassault: $11.5bn
In mid-February 2014 the French gendarmes detained the billionaire industrialist and senator Serge Dassault.
The 88 year-old has been accused of buying votes in an area of east
Paris where he used to be mayor. It is likely that his activities
influenced the outcome of the 2008, 2009, and 2010 elections in the
area. Large sums of money had been moved back and forth between France
and Lebanon, of which around €3m may have been used to purchase votes
from poorer immigrant families.
This
isn’t the first time the media and aviation tycoon has gotten in trouble
for his questionable methods; in 1998 he was given a two year suspended
sentence for bribing government members to acquire a military contract.
He has been attacked critics in the French press who have (perhaps
cruelly) compared his appearance to that of the Sith Lord from the Star Wars franchise…
6. Zong Qinghou: $11.6bn
By most counts Zong Qinghou
would seem to be the perfect, aspirational example of what can happen
to a hard working member of the People’s Republic of China: He had
little education, and worked in a salt mine after leaving school. He
slowly worked his way up career ladder, eventually building his own
beverage distribution company which made him China’s richest man in
2012.
However, as is often the case
in modern China, his rise has been marred by accusations of corruption
and tax evasion. Zong’s successes have been seen as a result of his
wolfish work ethic which was recently demonstrated when he returned to
work just two days after having been stabbed by a man to whom he refused
to offer a job.
5. Khalifa Bin Zayed Al Nahyan: $15bn
Sheikh
Khalifa, the current president of the UAE and ruler of Abu Dhabi is
part of the Al Nahyan family whose fortune is estimated to exceed
$150bn. Despite his role in the modernisation and – to an extent –
Westernisation of the Arab Emirates, the US government isn’t
particularly fond of the leader who was described in one of the leaked
cables from the Wikileaks hoard as a ‘distant and uncharismatic
personage’.
Since he ascended to the
throne following his father’s death in 2004 he has generally been seen
as a positive influence in the region; he increased the wages of
government employees by 100%, and has introduced an element of democracy
into the election process of the Federal National Council. During his
rule the UAE saw the construction of the Burj Dubai in 2010, the world’s
tallest structure.
4. Abdullah Bin Abdul Aziz: $18bn
Abdullah
is the sixth King of Saudi Arabia, meaning that he controls almost a
fifth of the world’s oil supply. The 89 year-old ascended to the throne
in 2005 following a life of politics which started with the mayoral
position of the holy city of Mecca at the beginning of the sixties.
Abdullah
managed to successfully steer his kingdom through the global recession,
and the country is projecting a 4% growth for this year. The king has
tried to protect the 50% of the population who fall under 25 by setting
aside $130bn over the last few years for use in unemployment funds and
housing projects.
3. Hassanal Bolkiah: $20bn
The
tiny sovereign state of Brunei (officially known as The Nation of
Brunei, the Abode of Peace) sits on the island of Borneo, in the South
China Seas. According to Forbes it is the fifth richest country
in the world as a result of its huge petroleum and natural gas supplies.
It is, in fact, one of only two countries in the world with public debt
at 0% of its GDP.
Hassanal Bolkiah
(whose full name is Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah
ibni Al-Marhum Sultan Haji Omar Ali Saifuddien Sa’adul Khairi Waddien)
is the current Sultan and Prime Minister of Brunei, and has acquired a
personal fortune of over $20bn since his ascension to the throne in
1967. Educated at Sandhurst Military Academy in the UK, the 67 year-old
was knighted by the Queen of England (Brunei was a protectorate of
Britain until the mid-80s.) The Sultan has been running the country with
full emergency power since the beginning of his reign, and in 2006
announced that the country’s constitution had been amended to make him
infallible.
2. Michael Bloomberg: $31bn
Mikebloomberg.com (which keeps the public up to date on the activities, news, and thoughts of the 72 year-old) proclaims that ‘Michael R. Bloomberg
is the 108th Mayor of New York City, Philanthropist, and independent
leader on national issues.’ He started off on Wall Street in the 70s,
working for Salmond Brothers, but was laid off (with a $10m severance
package) in ’81 when the investment bank was bought. From there he
formed his own company which would eventually become Bloomberg L.P,
which now supplies the bulk of the financial world’s business
information terminals.
In 2013 Forbes
listed him as the 13th richest person alive after a meteoric rise from
number 142, to 17 in just two years. In 2001 Bloomberg decided to try
his hand as New York’s mayor, running as a Republican (despite a
life-long membership to the Democratic Party) just after the 9/11
attacks. He decided to use his own money in the election campaign,
thereby avoiding the usual restrictions, and ended up spending $73m
(five times the amount spent by his opponent). Though Bloomberg claimed
to ride the subway to work every day, The New York Times asserted
that he was often seen being chauffeured by two NYPD-owned SUVs to an
express train station to avoid having to change from the local to the
express trains.
1. Vladimir Putin: $75bn
In 1999 Putin
first became Prime Minister, but switched to President in 2000, a
position in which he remained until 2008, at which point he resumed the
title of Prime Minister. His career path is shady enough to make even
the most ruthless dictators blush, with a KGB background, domestic
suppression, and a recent annexation of part of the Ukraine.
However
– despite his enormous personal wealth, authoritarian tactics,
homophobic policies and questionable topless publicity shots – it’s
important to take the Western media’s portrayal of Putin as an unstable,
possibly insane political figure with a pinch of salt. To his credit,
during his rule the average Russian income has increased 2.5 fold, and
the country’s economy has been growing for eight straight years.
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