Australian Prime Minister Anthony Albanese Salary 2023: How Much Is It, Exactly?

Anthony Albanese is the 31st and current prime minister of Australia, who assumed office on May 23, 2022. He is also the leader of the Australian Labor Party and the member of Parliament for Grayndler since 1996. Albanese is widely regarded as a smart, relatable, and effective communicator who is passionate about leading Australia forward. In this article, we will explore his salary, net worth, earning career, and personal life in detail.

Prime Minister Anthony Albanese Salary 2023

As the prime minister of Australia, Albanese receives a salary of $549,250 AUD per year (2022), which is inclusive of the base salary received by all members of Parliament ($211,250) plus a 160 per cent ‘additional salary’ for the role of prime minister. This is a 40 per cent increase from his previous salary of $390,820 as the opposition leader in 2021.

Albanese’s salary as the prime minister makes him one of the highest-paid leaders in the world, but still lower than some of his counterparts such as Singapore’s Lee Hsien Loong ($2.2 million AUD), Hong Kong’s Carrie Lam ($1.1 million AUD), and New Zealand’s Jacinda Ardern ($603,000 AUD).

Net Worth

Apart from his earnings from politics, Albanese has accumulated a substantial net worth from his property investments and stock portfolio. According to Work With Joshua, a website that analyzes the wealth of Australian politicians, Albanese has a net worth of $14.7 million AUD as of 2023. This is based on the value of numerous investment properties that he owns in Sydney and Canberra, plus his extensive stock portfolio.

Albanese has been purchasing properties since his early career in politics and has benefited from the capital growth and the recent property boom in Sydney. He has also been saving around 70 per cent of his earnings every year, which has allowed him to invest in the stock market and diversify his income streams.

Earning Career

Albanese began his career in politics as a research officer for Tom Uren, a former Labor minister and member of Parliament for Reid, in 1985. He then worked as a senior adviser to Bob Carr, the former premier of New South Wales, from 1989 to 1995. He also served as an assistant general secretary of the New South Wales branch of the Labor Party from 1991 to 1995.

In 1996, Albanese was elected as the member of Parliament for Grayndler, a seat that covers parts of Sydney’s inner west and south. He has held this seat ever since, winning nine consecutive elections with comfortable margins. He has also held various ministerial portfolios in the Labor governments of Kevin Rudd and Julia Gillard, such as infrastructure and transport, regional development and local government, broadband, communications and the digital economy, and deputy prime minister.

In 2013, Albanese contested for the leadership of the Labor Party against Bill Shorten after Rudd’s defeat in the federal election. He won the support of 60 per cent of the party members but lost to Shorten by 52 per cent to 48 per cent after the caucus vote was taken into account. He then served as the shadow minister for infrastructure and transport, cities, tourism, and leader of the house until 2019.

In 2019, Albanese became the leader of the Labor Party after Shorten’s resignation following another election loss to Scott Morrison’s Liberal-National coalition. He led the opposition against Morrison’s government until May 2022, when he defeated Morrison in a landslide victory and became the prime minister of Australia.

Personal Life

Albanese was born on March 2, 1963 in Sydney to a single mother, Maryanne Ellery. He never met his father until he was in his late thirties. He grew up in public housing in Camperdown and attended St Joseph’s Primary School and St Mary’s Cathedral College. He then studied economics at the University of Sydney and graduated with honors in 1985.

Albanese married Carmel Tebbutt, a former Labor politician and deputy premier of New South Wales, in 2000. They have one son, Nathan Albanese, who was born in 2001. The couple separated amicably in 2019 but remain close friends and co-parents.

Albanese is known for his love of music, especially rock and indie bands. He is a fan of the Smiths, the Clash, the Triffids, and Midnight Oil. He also enjoys watching rugby league and supports the South Sydney Rabbitohs.

Conclusion

Anthony Albanese is a successful and influential politician who has risen from humble beginnings to become the prime minister of Australia. He has a high salary, a large net worth, a long and impressive earning career, and a supportive personal life. He is a leader who is committed to advancing the interests of the Australian people and the Labor Party.

Most Asked Questions and Answers

1. How old is Anthony Albanese?
   • Anthony Albanese is 60 years old as of 2023. He was born on March 2, 1963.
2. Where does Anthony Albanese live?
   • Anthony Albanese lives in Kirribilli House in Sydney, which is the official residence of the prime minister. He also owns a house in Marrickville, which is in his electorate of Grayndler.
3. What is Anthony Albanese’s ethnicity?
   • Anthony Albanese is of mixed ethnicity. His mother is of Irish descent and his father is of Italian descent. He holds both Australian and Italian citizenships.
4. What are Anthony Albanese’s policies?
   • Anthony Albanese’s policies are based on the Labor Party’s platform, which includes:
     • Creating jobs and boosting wages
     • Investing in health and education
     • Tackling climate change and transitioning to renewable energy
     • Building infrastructure and improving public transport
     • Supporting families and strengthening social services
     • Promoting fairness and equality
     • Enhancing national security and foreign relations
5. Who is Anthony Albanese’s wife?
   • Anthony Albanese’s wife is Carmel Tebbutt, a former Labor politician and deputy premier of New South Wales. They married in 2000 and separated in 2019 but remain close friends and co-parents.
6. Who is Anthony Albanese’s son?
   • Anthony Albanese’s son is Nathan Albanese, who was born in 2001. He is currently studying at the University of Sydney.
7. Who is Anthony Albanese’s father?
   • Anthony Albanese’s father is Carlo Albanese, who was born in Italy and migrated to Australia in 1956. He worked as a plumber and married another woman after leaving Anthony’s mother. He died in 2014.
8. Who is Anthony Albanese’s mother?
   • Anthony Albanese’s mother is Maryanne Ellery, who was born in Sydney and raised Anthony as a single parent. She worked as a clerk at Telecom and died in 2002.
9. What are Anthony Albanese’s hobbies?
   • Anthony Albanese’s hobbies are listening to music, watching rugby league, reading books, and playing chess.
10. What are Anthony Albanese’s achievements?
    • Anthony Albanese’s achievements include:
      • Becoming the prime minister of Australia in 2022
      • Serving as the leader of the Labor Party since 2019
      • Serving as the deputy prime minister of Australia from 2013 to 2014
      • Serving as a minister in various portfolios from 2007 to 2013
      • Serving as the member of Parliament for Grayndler since 1996
      • Graduating with honors in economics from the University of Sydney in 1985