Pierre Trudeau Net Worth
Pierre Trudeau had an estimated net worth of $10 million at death. Pierre Trudeau was the 15th prime minister of Canada, famous for his youthful energy, his charismatic and controversial personality and his commitment to Canadian unity. He earned most of his income from his political career.
For nearly 16 years, Pierre Trudeau served as Canada’s 15th Prime Minister. Many of his policies arose from the radical ideas of the 1960s. He was instrumental in preventing Quebec from seceding from the rest of Canada in 1980, and he championed a new Canadian constitution that greatly advanced Canadians’ civil rights.
To calculate the net worth of Pierre 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:||$15 Thousand|
|Annual Income:||$200 Thousand|
|Source of Wealth:||Politician|
Early Life and Career
Pierre Trudeau was born on October 18, 1919, in Outremont, a wealthy Montreal suburb. Trudeau and his two siblings grew up speaking both French and English because their mother, Grace Elliott, was of French and Scottish descent. His family was quite wealthy by the time he was a teenager, thanks to his father, a businessman and lawyer, selling his gas station business to Imperial Oil a few years before.
Trudeau earned a law degree from the University of Montreal after graduating from the elite Jesuit preparatory school Collège Jean-de-Brébeuf. He was hired as a desk officer for the Privy Council shortly after graduating. From 1951 to 1961, he practiced law, specializing in labor and civil liberty cases, which he would later bring to the attention of the entire country.
He became a constitutional law professor at the University of Montreal in 1961. Leaders of the Liberal Party were looking for potential candidates four years later. Trudeau and two of his colleagues have been invited to run for party leadership positions.
All three men were elected that year, and Trudeau was appointed Minister of Justice. His flamboyant and charismatic personality blended well with the late 1960s’ shifting attitudes and opinions. Within a year, he had reformed divorce laws and liberalized abortion and homosexuality laws.
Prime Minister of Canada
When Canada’s then-prime minister, Lester B. Pearson, announced his intention to retire in 1967, Trudeau ran for Liberal Party leadership. His ideas were well received, and he was elected on April 6, 1968. His election as Prime Minister was aided by an unprecedented wave of youth participation. “Trudeaumania,” as it was dubbed, was the excitement caused by throngs of teenagers who supported Trudeau. Trudeau was sworn in as Canada’s 15th prime minister just 20 days after winning the leadership of his party.
Trudeau’s tenure in office began with a bang. He began fighting for universal health care as soon as he was elected. He also worked to improve the efficiency of governmental caucus meetings. He made headlines for his personal life as well, dating Barbra Streisand before marrying the much younger Margaret Sinclair in 1971.
Trudeau had to lead his country through numerous challenges in addition to his hip image. The 1970 October Crisis put his anti-terrorist stance to the test. The crisis began when a separatist group in Quebec kidnapped a Quebec official as well as a British trade commissioner. To deal with the situation, Trudeau invoked the War Measures Act, which gave the government broad authority to arrest without a trial. On domestic issues, he advocated for the official implementation of bilingualism.
Trudeau served as the opposition leader for several months after losing his position in 1979. He returned to power the following year, and he became the leading opponent of the 1980 referendum on Quebec sovereignty. By defeating this initiative, he helped keep Quebec a part of Canada.
Trudeau also sought to officially and completely separate Canada from the United Kingdom of Queen Elizabeth II. With the 1982 Constitution Act for Canada, he achieved this goal. This historic act established new and widespread civil rights for all Canadians.
Final Years and Death
Trudeau left politics in 1984, after serving as Prime Minister for 16 years. That same year, he divorced Margaret and was granted custody of their three sons, Justin, Alexandre, and Michel. Trudeau and lawyer Deborah Coyne had a daughter, Sarah Elizabeth, in 1991. In his retirement, he wrote Memoirs, a collection of reflections on his life and career.
Trudeau suffered a devastating defeat in 1998. Michel, his youngest son, was killed in an avalanche. Trudeau died on September 28, 2000, just shy of his 81st birthday. He had Parkinson’s disease, but prostate cancer was the official cause of death. His death brought tears and tributes from all over Canada.
Justin, his eldest son, followed in his father’s political footsteps in 2015. He was elected Prime Minister of Canada as the leader of the Liberal Party.