The world's highest paid leader is set for a 64% pay rise. Here's how others compare
Wong announced ministerial salaries will be adjusted upwards after 15 years, with his annual pay package rising to 3.6 million Singapore dollars
TL;DR
- Singapore's Prime Minister Lawrence Wong's annual pay package is increasing to S$3.6 million (approximately $2.85 million USD).
- This revision marks the first salary adjustment for ministers in 15 years.
- Wong's new package is over four times that of the Swiss president and seven times the US president's salary.
- Singapore's political salaries are benchmarked against the median income of the top 1,000 highest-earning citizens, with a 40% discount for public service.
- The 'clean wage' model ensures political office holders receive a single salary without hidden perks.
- Existing officeholders will receive one-off adjustments of up to 9% based on performance and last salary adjustment date.
- Wong acknowledged the sensitive nature of high political salaries and emphasized transparency.