Mahathir Mohamad Net Worth 2023 – Salary, Income, Earnings

Mahathir Mohamad Net Worth 

Mahathir Mohamad has an estimated net worth of $1 billion. Mahathir Mohamad was the fourth prime minister of Malaysia, holding office from 1981 to 2003. He improved the economy and was a champion of developing nations. He earns most of his income from his political career. 

Before becoming a politician with the UMNO party, Mahathir Mohamad was a doctor who rose quickly from member of parliament to prime minister. During his 22 years in office, he expanded the economy and advocated for developing countries, but he also imposed severe restrictions on civil liberties. He left office in 2003.

To calculate the net worth of Mahathir Mohamad, 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:

Name: Mahathir Mohamad
Net Worth: $1 Billion
Monthly Salary: $15 Thousand
Annual Income: $10 Million
Source of Wealth: Politician

Early Life

Mohamad was born on December 20, 1925, in Alor Setar, Kedah, Malaysia’s northernmost state. His family was modest but stable, and his father was a respected English teacher at a local high school.

Mahathir attended medical school at the University of Malaya in Singapore after finishing Islamic grammar schools and graduating from the local college. He worked as an army physician before opening his own practice at the age of 32.

Entry Into Politics

Mahathir became involved in Malaysia’s largest political party, the United Malays National Organization (UMNO), and was elected to its policy-making body, the Supreme Council. In 1964, he was elected to the House of Representatives with the support of the UMNO.

He wrote The Malay Dilemma, in which he advocated for affirmative action for Indigenous Malays and equal status with Chinese-Malaysians, while also criticizing Malays’ “economic backwardness.” These then-radical ideas enraged Prime Minister Abdul Rahman, who banned the book and expelled Mahathir from the UMNO.

Rahman resigned in 1970, and Mahathir’s political career took off after he was reinstated in the UMNO in 1972. He was re-elected to the legislature in 1973, promoted to the Cabinet in 1974, and became deputy prime minister in 1976. When his predecessor, Hussein Onn, retired, he took over as Prime Minister just five years later.

Prime Minister

Mahathir had a significant impact on Malaysia’s economy, culture, and government. He won five consecutive elections and served for 22 years, the longest tenure of any Malaysian prime minister. Malaysia experienced rapid economic growth during his tenure.

He began privatizing government enterprises such as airlines, utilities, and telecommunications, raising funds for the government and improving working conditions for many employees, despite the fact that many of the beneficiaries were UMNO supporters. The North-South Expressway, which runs from the Thai border to Singapore, was one of his most significant infrastructure projects.

Malaysia experienced an 8 percent economic expansion from 1988 to 1996, and Mahathir issued an economic plan, The Way Forward, or Vision 2020, stating that the country would be fully developed by 2020.

He was instrumental in shifting the country’s economic foundation away from agriculture and natural resources and toward manufacturing and exporting, and the country’s per capita income more than doubled between 1990 and 1996. Although Malaysia’s growth has slowed and the country is unlikely to meet this target, the economy remains stable.

Despite these achievements, Mahathir leaves a mixed legacy. Despite beginning his first term conservatively, Mahathir became more authoritarian during the 1980s. He enacted the Internal Security Act in 1987, allowing him to close four newspapers and arrest 106 activists, religious leaders, and political opponents, including his former deputy prime minister, Anwar Ibrahim. He also changed the constitution to limit the Supreme Court’s interpretive power, and he forced a number of high-ranking members to resign.

Mahathir’s record on civil liberties, as well as his criticisms of Western economic policies and the policies of industrialized nations toward developing countries, strained his relationships with the United States, the United Kingdom, and Australia. He forbade The New York Times and The Wall Street Journal from publishing critical editorials about him, and he supported a national law that sentenced drug smugglers to death, resulting in the execution of several Western citizens.

Mahathir retired in 2003, but he remains an active and visible figure in Malaysian politics. He is a harsh critic of Prime Minister Abdullah Badawi, whom he chose as his successor.

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