How is salary of Indian Prime-minister compared to global leaders of the world? Paycheck India, a website managed by Prof Biju Varkkey of the Indian Institute of Management, Ahmedabad, has listed the salaries of most influential political leaders around the world at the webpage Politicians VIP paycheck. The salary checker is based on a 5-day working week and two weeks’ holiday per year. According to the list, Russia’s prime minister earns the highest -a whopping Rs 1.6 crore per month, which is higher than Obama’s Rs 19 lakh per month. The president of France takes home a humble Rs 14,910 monthly (Rs 715 daily)
As leaders of large democracies, Barack Obama and Narendra Modi may have much in common. But when it comes to their salaries, India’s Prime Minister is among the most modestly paid political leaders in the world. At Rs 1.6 lakh per month (Rs 19.2 lakh annually), Modi takes home a far smaller pay packet as compared to his political counterparts worldwide, including Obama and our neighbour, China’s Xi Jinping. Modi is at No. 12 among top 15 world leaders.
The infographic below from Times of India, Max PM, minimum pay shows the salary of global leaders.
Some interesting facts that I would like to bring to notice of my readers regarding Clintons and Barack Obama. They both were in debt , Clintons after the presidency due to the law case and Obamas due to education loans. Clintons found alternative career in making speeches. Barack Obama books sales helped him come out of debt.
Bill Clinton and Hillary Clinton
Former US President Bill Clinton earned $13.4 million from 54 paid speeches in 2011. Till 2011 he earned $89 million from paid speeches since leaving the White House in January 2001. His highest paying speeches in 2011 were November speech in Hong Kong to Swedish-based telecom giant Ericsson, $750,000. Clinton also earned $700,000 for a March speech to a local newspaper publishing company in Lagos, Nigeria, and $550,000 for a November speech to a business forum in Shanghai, China. He earned $500,000 apiece for three events in Austria and Holland in May and in the United Arab Emirates in December.
Just a few months after leaving the State Department, Hillary Rodham Clinton has plunged into the lucrative world of paid speechmaking, joining a branch of the family business that has brought the Clintons more than $100 million since her husband left the White House in 2001. For about $200,000, Mrs. Clinton will offer pithy reflections and Mitch Albom-style lessons from her time as the nation’s top diplomat. “Leadership is a team sport.” “You can’t win if you don’t show up.” “A whisper can be louder than a shout.” Between the two, the Clintons have an estimated fortune of between $100 million and $200 million.
The Clintons were reportedly $12 million in debt following their two terms in the White House, largely due to legal fees from the Monica Lewinsky and Whitewater investigations. Hillary Clinton justified the tens of millions of dollars she and husband Bill have earned giving speeches, saying that they were in dire financial straits after leaving the White House. “We came out of the White House not only dead broke, but in debt,” But that debt was paid in full by 2004, and the couple had banked millions. According to tax returns the couple filed while in the White House, their income came almost entirely from Bill Clinton’s presidential salary. Hillary Clinton reportedly received an advance between $12 and $14 million for her memoir “Hard Choices,” which recounts her time as U.S. secretary of state in the Obama administration.
Barack Obama, President of United States of America
US president Barack Obama and First Lady Michelle Obama first lady’s 2013 tax return reported a total income of $481,098. That’s about $130,000 less than 2012 return. The bulk of the Obama’s income is Barack’s $400,000 salary as president. They also made $116,000 from book sales of President Obama’s two books, which is less than half of what the Obamas made on book sales in 2012. Tax returns of the President & Vice President of US are publicly released. You can view the returns at white house website President Barack Obama returns (2013 in pdf format)
Both Obamas graduated with significant student loan debt. “We left school with a mountain of debt,” Mr. Obama said in 2008. “Michelle I know had at least $60,000. I had at least $60,000. They had to struggle financially “And I have to say, when Michelle and I were first starting a family, that we had to navigate a lot of these financial decisions, whether it was buying a first home or paying off our college loans or putting a lot of debt on credit cards. Obviously we were a lot better off than a lot of families, but we still often found ourselves confused or finding ourselves in tough situations as a consequence. So we’ve got a pretty good idea — I personally have a good idea — of how this can be difficult and sometimes confusing for the average consumer.” Ref They only got out of that debt when Barack Obama wrote his two best selling books, The Audacity of Hope and Dreams from My Father. USA Today. We have discussed it in detail in our article Obamas Financial Struggle. We have captured President Obama’s views on money at President Obama and Money
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Grass seems greener on the other side, was the first thought that came to my mind as I had read about Clinton and Obama. And sometimes professionally one takes a road which one had not even thought of. Many companies in India also organize talks by famous personalities like SAP LABS (Bangalore) had talks by Wasim Akram (youtube video of Wasim Akram at SAP LABS) , Anil Kumble VVS Laxman (youtube video). If you want a talk on financial topics you can contact us.