Justin Trudeau Net Worth: When Justin Trudeau Becomes Prime Minister of Canada?

Justin Trudeau PC MP is Canada’s 23rd prime minister and Liberal Party leader since 2013. Trudeau is the second-youngest prime minister in Canadian history after Joe Clark. He is also the first to be the child or relative of a previous prime minister.

Trudeau attended Collège Jean-de-Brébeuf, McGill University for his BA in literature, and UBC for his BEd. After graduating, he taught in Vancouver before returning to Montreal to study in 2002. He chaired Katimavik and directed the Canadian Avalanche Association. He chaired the Liberal Party’s Youth Renewal Task Force in 2006.

He was elected to represent Papineau in the 2008 federal elections. He was the Liberal Party’s youth and diversity critic in 2009 and citizenship and immigration critic in 2010. 2011: Appointed secondary education and sports critic.

Trudeau assumed the Liberal Party leadership in April 2013 and led his party to victory in the 2015 federal election, increasing the Liberals from 36 to 184 seats, the highest increase by a party in a Canadian federal election.

During his first term as prime minister, he legalized recreational marijuana via the Cannabis Act, attempted Senate appointment reform by establishing the Independent Advisory Board for Senate Appointments, and established the federal carbon price.

In international policy, Trudeau’s government negotiated the USMCA and CPTPP trade treaties and signed the Paris Climate Agreement. Canada’s ethics commissioner sanctioned him for conflict of interest violations in the Aga Khan and SNC-Lavalin cases.

Trudeau led the Liberals to consecutive minority governments in 2019 and 2021, during which his government responded to COVID-19. In response to the 2020 Nova Scotia attacks, he banned “assault-style” guns. The ethics commissioner examined him a third time for his role in the WE Charity controversy but cleared him. In 2022, he activated the 1988 Emergencies Act in response to the Freedom Convoy protests.

Justin Trudeau’s Net Worth

According to caknowledge Justin Trudeau has an estimated net worth of $85 million US dollars. Justin Trudeau is the current Prime Minister of Canada and the leader of the Liberal Party of Canada. Justin Trudeau comes from a wealthy family and inherited more than $50 million from his forefathers.

Pierre Trudeau, Justin Trudeau’s father, was also Prime Minister of Canada. Justin Trudeau’s parents divorced when he was five years old, therefore he grew up with his father.

Net Worth $85 Million
Assets $60 Million
Monthly Salary $35,000
Liabilities & Loans $3 Million
Investments of $15 Million
Business Income $2 Million
Donations & Gifts $1 Million

Justin Trudeau’s Salary and Benefits

Justin Trudeau earns a base salary of $178,900 (about $140,000 USD) as a member of Parliament for Papineau. He also receives an additional $178,900 as Prime Minister of Canada. His total pay is $357,800 CAD, which is approximately $270,000 USD. He also receives a $2,000 annual car allowance, which may not cover the cost of maintaining his 1960 Mercedes-Benz 300SL.

justin trudeau net worth

Justin, Sophie, and their three children reside in a 22-bedroom home purchased using public funds. They chose not to live in the customary Prime Minister’s mansion, 24 Sussex Drive because it is rumored to require more than $10 million in substantial renovations. When his father, Pierre Trudeau, was Prime Minister, he lived at 24 Sussex Drive.

Justin Trudeau’s Early Life

Justin Trudeau was born in December 1971 in Ottawa, Ontario, Canada. Justin Trudeau is the son of former Canadian Prime Minister Pierre Trudeau and Margaret Trudeau. Justin’s grandpa, Charles-Emile, amassed large ownership stakes in everything from amusement parks to the Montreal Royals baseball franchise through shrewd investments in real estate and gas stations.

Justin went to work as a teacher after graduating from McGill University and the University of British Columbia with a degree in education. He notably wore blackface to a party while working at West Point Grey Academy in Vancouver. From 1999 until 2002, he worked at Sir Winston Churchill Secondary School. During this time, his yearly pay was $44,000 CAD.

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Trudeau transitioned from teaching to politics in 2008, when he was elected to the Canadian Parliament for Papineau. At this moment, his annual pay had risen to $150,000 CAD.

He was elected Leader of the Liberal Party of Canada in April 2013. After guiding his party to a majority government election, he was named the next Prime Minister in October 2015. Trudeau is the Liberal Party’s critic of Citizenship and Immigration, Youth and Multiculturalism, Youth and Amateur Sports, and Post-Secondary Education.

He will be the second youngest person to hold the title of The Right Honorable and the first prime minister’s son to do so. In 2014, Trudeau published the book Common Ground.

Justin Trudeau’s Political Career Starts

Justin Trudeau was an early supporter of the Liberal Party, voting for party leader John Turner in the 1988 federal election. Following his father’s death in 2000, Justin Trudeau got more involved with the Liberal Party.

justin trudeau net worth

On April 29, 2007, Justin Trudeau won the Liberal Party nomination, defeating Mary Deros, a Montreal city councilor, and Basilio Giordano, the editor of a local Italian-language newspaper, with 690 votes to 350 for Deros and 220 for Giordano.

Justin Trudeau Becomes Prime Minister of Canada

On November 4, 2015, Governor General David Johnston swore in Justin Trudeau and the rest of the Cabinet. Opposition MPs chastised Justin Trudeau in November 2016 for his fundraising practices, which they characterized as “pay for access” schemes.

Mary Dawson, the ethics commissioner, launched an investigation into Justin Trudeau in January 2017 over a vacation he and his family took to Aga Khan IV’s private island in the Bahamas. Justin Trudeau has faced several death threats and assassination plots throughout his tenure as Prime Minister.

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Justin Trudeau’s Personal Life

Trudeau first met Sophie Grégoire as a child in Montreal; Grégoire was a classmate and childhood friend of Trudeau’s youngest brother, Michel. They reconnected as adults in June 2003, when Grégoire, a Quebec television star at the time, was assigned to be Trudeau’s co-host for a charity ball; they began dating a few months later.

Trudeau and Grégoire were married on May 28, 2005, in Montreal’s Sainte-Madeleine d’Outremont Church, after they became engaged in October 2004. They have three children: a boy named Xavier who was born in 2007, a daughter named Ella-Grace who was born in 2009, and a boy named Hadrien who was born in 2014.

In June 2013, two months after Trudeau became Liberal Party leader, the couple sold their home in Montreal’s Côte-des-Neiges neighborhood. They began living in a rented home in Rockcliffe Park, Ottawa, near where Trudeau grew up during his father’s tenure as prime minister.

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On August 18, 2014, as Grégoire and the couple’s three children were sleeping, a burglar broke into the house and left a threatening note; however, nothing was stolen and there was no damage to the property.

Following the incident, Trudeau, who was in Winnipeg at the time of the break-in, stated that he would contact the Royal Canadian Mounted Police to inquire about his home security. Following his election victory in 2015, Trudeau chose to live at Rideau Cottage on the grounds of Rideau Hall.

The Trudeau family self-isolated at Rideau Cottage on March 12, 2020, after Sophie developed flu-like symptoms and tested positive for COVID-19. She had recovered by March 28.

Trudeau announced on Twitter on January 31, 2022, that he had tested positive for COVID-19.

Trudeau tested positive for COVID-19 for the second time on June 13, 2022.

Speaking Fees

Justin has worked hard on the lecture circuit in years when he has not held governmental office. He reported $467,000 in speaking fees in 2007.

Frequently Ask Question

What is the salary of the Prime Minister of Canada?

The prime minister’s total yearly compensation of CA$357,800 (consisting of an MP’s salary of CA$178,900 and the prime minister’s salary of CA$178,900) is supplied through budgets authorized by Parliament.

What is Justin Trudeau’s tattoo?

Trudeau revealed in 2012 that his tattoo depicts Earth inside a Haida raven. He received the globe when he was 23, and later the raven, designed by Robert Davidson, for his 40th birthday.

Where did Trudeau’s money come from?

Trudeau amassed a fortune by constructing petrol stations in the Montreal area and establishing the Automobile Owners’ Association, which by 1932 had 15,000 members patronizing Trudeau’s 30 stations.

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