Malcolm Turnbull net worth: Australian politician and the 29th Prime Minister of Australia, Malcolm Turnbull has a net worth of AUD$200 million.
Born on October 2, 1954, Malcolm Turnbull was raised by his father after his parents divorced when he was nine. He excelled in literary subjects like English and history while at school and captained and won the Lawrence Oratory Competition in 1972. He graduated in Bachelor of Arts and Bachelor of Laws from University of Sydney and started working as a political journalist for Nation Review, Channel 9 and Radio 2SM.
Having been awarded with the Rhodes Scholarship in 1978, Turnbull moved to Brasenose College, Oxford and studied Bachelor of Civil Law, during which he worked for The Sunday Times and contributed to several international newspapers and magazines.
He first started working as a barrister and moved to become General COunsel and Secretary for Australian Consolidated Press Holding Groups for two years until 1985. He started his own law firm, Turbull McWilliam, a year after and defended popular people like Peter Wright (former MI5 agent). His investment banking firm, Whitlam Turnbull & Co Ltd, together with Neville Wran and Nicholas Whitalam became successful and he even chaired a large number of companies then after.
Turnbull’s stakes at MCI WorldCom was over AS$60 million while FTR Holdings Ltd, a software and investment company ranked on top of Internet business in 2002. Having served as a minister in the Howard Goverment, Turnbull became the Leader of the Opposition when he was elected the leader of Liberal Party in September 2008. However, he lost the leadership by a vote against Tony Abbott, after a split occurred in the Liberal Party, when he supported the Carbon Pollution Reduction Scheme proposed by the Labor Government.
This venture capitalist, Malcolm Turnbull has managed to maintain his riches through wise investment and good financial planning. He also has several real estate properties including the mansion in Point Piper, that’s worth in millions. His house Altona, has sold for $52 million and he holds several other prestigious real estate worth more or less the same.
Married to Lucy Hughes, a prominent businesswoman and former Lord Mayer of Sydney, the couple has two children together. This prominent political figure, who resigned from Cabinet on September 2015, to challenge Abbott again for the Liberal Party leadership is said to have an estimated net worth of AUD$200 million as of 2015. He won against Abbott to replace him as the leader of the party and is due to become the 29th Prime Minister of Australia.
Quick facts about Malcolm Turnbull
Full Name: Malcolm Bligh Turbull
Profession: Politician, Investor
Height: 6 ft 0 in (1.83 m)
Date of Birth: 24 October 1954
Place of Birth: Sydney, Australia
Education: University of Sydney
Marital status: Married (Lucy Hughes)
Astrological sign: Scorpio