Tony Abbott Net Worth

September 14, 2015

Tony Abbott net worth: Australian politician and the 28th Prime Minister of Australia, Tony Abbott has a net worth of $80 million.

Tony Abbott net worth

Born on November 4, 1957 as Anthony John Abbott, Tony Abbott rose in politics as the Leader of Liberal Party from 2009 to 2015. Having served as the Member of Parliament for Warringah since 1994, Abbott lost in the 2015 elections for the Leader of Liberal Party and is said to be resigning from the Prime Minister position anytime soon.

A London, UK born politician, Abbott moved to Sydney with his parents in 1960 and attended University of Sydney to graduate in Bachelor of Economics and Bachelor of Laws. He then joined The Queen’s College to graduate in philosophy, politics and economics as a Rhodes Scholar. He worked as a journalist, manager and political advisor before being appointed director of Australians for Constitutional Monarchy.

Soon after, he joined election to parliament in 1994 and was appointed to the cabinet in 1998. Having served as the Minister for Employment, he became Minister for Health and Ageing until 2007 before being defeated at the 2007 election. Abbott resigned from the frontbench in the Shadow Cabinets after Malcolm Turnbull supported Emissions Trading Schemes for the Rudd Government. However, he fought against Turnbull in the election and won to become the Leader of the Liberal Party.

He also led his side to victory at the 2013 elections and was sworn as the 28th Prime Minister of Australia the same year. However, he lost against Turnbull in 2015 as the leader of the party who is set to replace him as the Prime Minister of Australia shortly.

Abbott failed to declare a $710,000 mortgage on his family home in 2010, for which he was heavily criticized. He received $503,000 in salary as the Prime Minister of Australia and was also ranked as one of the highest paid Prime Ministers in the world. Married to Margeret Aitken, he has three daughters with her and is said to have an estimated net worth of $80 million.

Quick facts about Tony Abott

Full Name: Anthony John Abott

Profession: Politician

Height: 5 ft 11 in

Ethnicity: English

Nationality: Australia

Date of Birth: 4 November 1957

Place of Birth: London, UK

Education: University of Sydney

Marital status: Married (Margaret Aitken)

Children: 3

Astrological sign: Scorpio

Tony Abbott Net Worth: $80 million