Is Sir Keir Starmer Net Worth Really Reflective of a Labour Leader Earnings?

Sir Keir Starmer, the current Leader of the Labour Party and Leader of the Opposition, boasts a net worth that has raised many eyebrows. Becoming a prominent figure in British politics since 2020 and having served as the Member of Parliament (MP) for Holborn and St Pancras since 2015, one might wonder, how has his past, including a prolific career as a lawyer, shaped his current financial stature? Let’s delve into it.

Sir Keir Starmer, beyond his political persona, had a remarkable journey as a lawyer, especially during his tenure as the Director of Public Prosecutions from 2008 to 2013. In this article, we aim to shed light on his earnings, assets, and how they compare to other politicians.

Summary of sir keir starmer net worth

Sir Keir Starmer’s Earnings and Income

Starmer’s annual income is substantially derived from his roles in the political arena.

• As an MP, he bags a neat £84,144 annually.
• His position as the Leader of the Opposition adds another £81,932 to his yearly earnings.
• Additionally, in the fiscal year of 2021/2022, he gained over £85,000 from the sale of a property he previously co-owned with his sister.

Although there have been murmurs about him being a millionaire, Starmer has refuted such claims. However, he acknowledges that the value of the North London house he shares with his wife, Victoria Starmer, could be close to the £1 million mark.

Keir Starmer’s Net Worth

Current estimates place Sir Keir Starmer’s net worth around the $5 million mark.

• This figure is primarily accumulated from his political salaries and capital gains.
• It’s also noteworthy that his extensive career as a lawyer significantly contributes to this figure.

The Couple’s Real Estate Holdings

Real estate has played a pivotal role in boosting Sir Keir Starmer’s wealth.

• Together with his wife, they reportedly possess four homes.
• These properties’ cumulative value is believed to hover around £15 million.

Comparisons with Other Politicians

In the grand scheme of political wealth, how does Starmer’s net worth stack up?

• Prime Minister Rishi Sunak’s earnings in 2021/2022, which exceeded £1.9 million, make Starmer’s earnings seem modest.
• In comparison, former Prime Minister Boris Johnson’s net worth is estimated to be around £500,000.
• However, estimates of Starmer’s net worth vary, with some speculations even reaching up to $11 million.

Conclusion

Summing it up, Sir Keir Starmer’s wealth, estimated to be around $5 million, is a culmination of his political earnings, capital gains, and valuable properties. While some variations exist in the estimations of his net worth, it’s evident that his journey from a lawyer to a political leader has played a crucial role in his financial standing.

FAQs:

How much does Sir Keir Starmer earn annually from his political positions?
He earns £166,076 annually from his roles as an MP and Leader of the Opposition.

What was Starmer’s major capital gain in 2021/2022?
He earned over £85,000 from the sale of a property he co-owned with his sister.

How does Starmer’s net worth compare with PM Rishi Sunak?
While Starmer’s net worth is estimated at $5 million, Rishi Sunak earned over £1.9 million in 2021/2022 alone.

Is Sir Keir Starmer a millionaire?
While he denies being a millionaire, his North London home with his wife could be worth around £1 million.