You probably know that the U.S. President makes $400,000 a year in salary. But do you know how that stacks up with elected leaders in the rest of the world?
According to statistics compiled by Statistica.com, the U.S. President is actually pretty well-paid, earning more than Canadian Prime Minister Stephen Harper ($260,000), German leader Angela Merkel ($234,000), South African President Jacob Zuma ($223,500) and Russian President Vladimir Putin ($136,000).
The chart shows that one leader outpaces everybody, however. Former Singapore Prime Minister lee Hsien Loong earns more than the combined annual wage of the leaders of France, Germany, Italy, Japan and the United Kingdom combined.
But to put all of this into perspective, the average Wall Street salary came to $356,000 last year, plus bonuses averaging $175,000. Morgan Stanley’s top executive, James Gorman, took home $22.5 million.
About the Author: Bob Veres has been a commentator, author and consultant in the financial services industry for more than 20 years. Over his 20-year career in the financial services world, Mr. Veres has worked as editor of Financial Planning magazine; as a contributing editor to the Journal of Financial Planning; as a columnist and editor-at-large of Dow Jones Investment Advisor magazine; and as editor of Morningstar’s advisor web site: MorningstarAdvisor.com.
Mr. Veres has been named one of the most influential people in the financial planning profession by Investment Advisor magazine and Financial Planning magazine, was granted the NAPFA Special Achievement Award by the National Association of Personal Financial Advisors, and most recently the Heart of Financial Planning Distinguished Service Award from the Denver-based Financial Planning Association.