Justin Trudeau Net Worth
Justin Trudeau has an estimated net worth of $10 million. Son of the late Canadian prime minister Pierre Trudeau, Justin Trudeau followed in his father’s famous footsteps in 2015, winning the election as Canada’s prime minister. The majority of his wealth is attributed to his political career. In addition, he earns money through public speaking. When Justin wasn’t running for office, he was a popular public speaker. According to reports, he earned $467,000 in speaking fees alone in 2007.
Justin Trudeau grew up in the spotlight as the son of legendary Canadian Prime Minister Pierre Trudeau. Justin taught for several years after graduating from college before entering politics. In 2008, he was elected to the Canadian Parliament for the first time. Trudeau was elected leader of the Liberal Party in 2013. Trudeau and his party won an impressive victory in 2015, making him the country’s second youngest prime minister.
To calculate the net worth of Justin Trudeau, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$10 Million|
|Monthly Salary:||$20 Thousand|
|Annual Income:||$270 Thousand|
|Source of Wealth:||Politician, Teacher, Public Speaker|
Early Life and Career
Justin Trudeau was born on December 25, 1971, in Ottawa, Canada, and has been involved in Canadian politics since his childhood. He is the eldest son of former Prime Minister Pierre Trudeau and his wife Margaret, and grew up in Ottawa at 24 Sussex Drive, the prime minister’s residence.
In fact, during a Canadian state dinner with Trudeau’s father just months after his birth, American President Richard Nixon predicted his political future. According to BBC News, Nixon said, “I’d like to toast to the future Prime Minister of Canada: Justin Pierre Trudeau.”
In 1977, Trudeau’s parents divorced. Pierre moved to Montreal with Justin and his younger brothers Alexandre, or “Sacha,” and Michel after their divorce was finalized in 1984. Justin attended the same Jesuit-run College Jean-de-Brebeuf as his father. He went on to study literature at McGill University, where he graduated with honors in 1994. He worked as a nightclub bouncer in British Columbia, a snowboard and white water rafting instructor, a radio host, and a math teacher, among other things, during these years.
Justin went on to study education at the University of British Columbia. He finished his degree in 1998, the same year his brother Michel died in an avalanche. Following his loss, Justin became involved in avalanche safety advocacy.
In 2000, he delivered his father’s eulogy at a nationally televised memorial service for the late Prime Minister. Trudeau’s eloquent speech impressed many, but he resisted any suggestion that he would enter politics. Instead, he returned to Montreal and became the chair of the board of Katimavik, his father’s youth service program. Trudeau was also in high demand as a speaker, giving talks to youth across the country about volunteerism.
Trudeau entered the political arena after years of avoiding it by chairing the Liberal Party’s task force on youth renewal in 2006. The following year, Trudeau launched his campaign for a seat in Parliament representing Montreal’s Papineau riding (district), which he won in 2008. In 2007, he also played legendary soldier Talbot Papineau in the historical TV film The Great War.
Trudeau demonstrated his boxing skills in 2012, in addition to his acting abilities. He used to spar with his father as a kid, and it paid off when he beat conservative senator Patrick Brazeau in a charity boxing match. The charismatic, young Trudeau established himself as a rising political force after taking over as leader of the Liberal Party in 2013.
Trudeau ran for Canada’s highest office two years later. In his campaign, he promised Canadians “real change,” calling for tax increases for the wealthy and tax cuts for the middle class. He also promised to protect abortion rights and to push for marijuana legalization in Canada. Trudeau, an outspoken environmentalist, also stated that he would work on the country’s climate change policies. His upbeat campaign contrasted sharply with his opponent Stephen Harper’s re-election campaign, which included numerous attacks on Trudeau.
Trudeau led his allies to a stunning victory in October 2015, when the Liberal Party increased its majority in Parliament from 36 to 184 seats — the largest increase in the country’s history.
He deposed Conservative Party leader Stephen Harper, who had been in office since 2006. According to the National Post, Trudeau said in his victory speech, “The Canadian people have spoken. You want a government with a positive, ambitious, and hopeful vision and agenda for this country… Tonight, I promise you that I will lead that government.”
Trudeau was the second youngest Prime Minister of Canada, at 43 years old (the first being Joe Clark who had been sworn in as PM a day before his 40th birthday in 1979). Trudeau also became the first confirmed Prime Minister with non-European ancestors, with his sixth great grandmother being of Malay descent.
Trudeau made headlines in November 2015 when he appointed half of his cabinet positions to women, fulfilling a campaign promise to have a gender-balanced cabinet. When asked why he felt compelled to do so, the self-proclaimed “proud feminist” simply stated, “Because it’s 2015.”
Oil Pipeline Controversy
Despite Trudeau’s popularity as a progressive, the opposition found its way to the young prime minister. Environmentalists, political allies, and Indigenous groups protested his approval of the Kinder Morgan Trans Mountain project in November 2016, a pipeline that allows oil sands from Alberta to be transferred to a port in British Columbia, citing environmental and climate harm. Trudeau dismissed this notion, claiming that his decision was based on science and would not harm the environment.
Alleged Prosecution Interference
Trudeau was embroiled in controversy after former Justice Minister and Attorney General Jody Wilson-Raybould resigned in February 2019 amid allegations of government meddling in a high-profile case.
The prosecution of Montreal-based engineering firm SNC Lavalin, which was facing criminal charges for allegedly funneling money to the family of former Libya dictator Muammar al-Qaddafi, was at stake. Wilson-Raybould testified that the prime minister and senior members of his government pressed her to avoid a trial and instead negotiate a settlement with SNC Lavalin.
When a second cabinet member resigned in protest in early March, Trudeau held a press conference to defend his actions, arguing that it was critical to advocate for the interests of a major job creator while also upholding the rule of law. “Canadians expect us to do those two things at the same time, and we will always do that,” he said.
In September 2019, the prime minister was embroiled in yet another controversy when Time published an 18-year-old photo of Trudeau in brownface. The photo was taken during his time as a teacher at West Point Grey Academy, when he dressed up as Aladdin for the school’s “Arabian Nights”-themed dinner.
Trudeau apologized, calling it “a stupid thing to do,” though he admitted to wearing blackface in high school for a performance of Harry Belafonte’s “The Banana Boat Song.” Soon after, more disturbing footage of Trudeau in blackface and an Afro wig from the early 1990s surfaced.
Personal Life & Wife
In 2005, Trudeau married Canadian TV and radio host Sophie Grégoire. Xavier, Ella-Grace, and Hadrien are the couple’s three children. Trudeau published his memoir Common Ground in 2014, in which he discussed his experiences as a prime minister’s son.
The coronavirus outbreak in early 2020 hit close to home for Trudeau, who was forced to isolate himself for two weeks after his wife tested positive for the illness.
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