What is the Net Worth of Malcolm Turnbull?
Malcolm Bligh Turnbull was the 29th Prime Minister of Australia, serving from 2015 to 2018. He was trained as a lawyer and was also an entrepreneur.
According to our calculations, Malcolm Turnbull will have a net worth of $200 million by 2022.
Mr. Turnbull graduated with honours from the University of Sydney in 1975 in the arts and 1978 in the law, and he has lived in Australia since. With a Rhodes scholarship, he studied law at Oxford University, where he graduated in 1980 with a Bachelor of Civil Law degree, which is equivalent to a graduate programme.
Mr. Turnbull has held a variety of positions in his professional career, including general counsel of the Australian Consolidated Press Holdings Group, managing director of Goldman Sachs, Australia, and later a partner of Goldman Sachs & Co.
His own investment banking firm, Whitlam Turnbull & Co Ltd, was founded in partnership with Neville Wran, the former Labor Premier of New South Wales, and Nicholas Whitlam, the former Chief Executive Officer of the State Bank of New South Wales and the son of former Labor Prime Minister Gough Whitlam. Whitlam Turnbull & Co Ltd is a partnership between Whitlam Turnbull & Co Ltd and Neville Wran.
He gained notoriety during this time as a practising barrister for his representation of Peter Wright, a former MI5 official and author of the book Spycatcher, during a criminal trial. Australia’s Prime Minister, Malcolm Turnbull, was successful in defeating attempts by the British government to prevent the book’s release in the country. The case received widespread media attention, establishing Turnbull as a well-known figure in both Australia and the United Kingdom.
Mr. Turnbull served as Leader of the Liberal Party twice, first from 2008 to 2009 while he was Leader of the Opposition, and then from 2015 to 2018 while he was Prime Minister of the United Kingdom.
Australia’s Prime Minister, Malcolm Turnbull, is often considered to be one of the wealthiest members of parliament in the country.
Malcolm Turnbull is expected to have a net worth of $200 million by the year 2022. Almost all of his fortune was accumulated over his years working as a professional and an entrepreneur in several fields. He gave away the entirety of his political income to charity.
In 1992, Mr. Turnbull launched OzEmail, which experienced rapid growth during the dotcom bubble before being acquired by iiNet for $104 million dollars. He also owns and invests in real estate, which includes his seaside property in Point Piper, which he built himself. While the exact valuation of Mr. Turnbull’s property is unknown, a nearby luxury home known as Altona recently sold for $52 million dollars, suggesting that Mr. Turnbull’s property may be much more valuable.
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