Lee Hsien Loong currently earns an annual salary of S$3,870,000
(US$ 2,856,930 ), an increase of 25% from S$3,091,200
(US$2,037,168), making him the highest paid head of government in
the world. For comparison purposes, the President of the United
States earns a salary of US$400,000. The new salary of SG$3.8
million took effect in January 2008. There has been a lot of
controversy on this issue and the prime minister has responded by
lending a portion of his salary to charity. Minister Mentor Lee
Kuan Yew claimed (without proof) in parliament that the reason why
the Singapore head of state, along with his ministers, deserve such
a high income is due to the fact that Singapore is a small country
and lacks a large pool of talented people.
LKY and GCT getting more than this. On my god, LKY earning big
bucks. use the salary. LKY 50 years in power.
His est Income (Offical one): SGD $193,500,000
All these money he dont put in bank 1, invest it.
$193mil compounded at average market returns of 8% for 50 yrs
will give you $9.052Bil. I use very conservative estimates
only.
If wana include Lee & Lee firm's profits and Lee family
wealth. Will be a lot more already. We are looking at Singapore's
richest old man. :D
