Singapore PM's salary to rise to $2.85M
The annual salary of Singapore Prime Minister Lawrence Wong will increase by more than 1.6 times – to 3.6 million Singapore dollars ($2.85 million) from 2.2 million dollars, reports CNBC.
Consensus
- The Prime Minister of Singapore, Lawrence Wong, is set to receive a salary increase starting October 15.
- The new annual salary will be 3.6 million Singapore dollars, approximately $2.85 million USD.
- The increase is part of a broader salary adjustment for Singaporean ministers, the first in 15 years.
- Wong has pledged to donate the entire salary increase to charity if he remains in office for five years.
- The salary system is tied to the income levels of top private-sector earners in Singapore.
- Wong is recognized as the world's highest-paid political leader, surpassing leaders like the US President and UK Prime Minister.
- The raise applies to all ministers, with adjustments based on performance and responsibilities.
Points of divergence
- The salary increase will be gradual, and the new system will begin on October 15. — vm
- The salary increase is 64%, from 2.2 million to 3.6 million Singapore dollars. — vedomosti
- The salary increase includes both fixed and variable components, and the raise for ministers is phased, with initial increases up to 9%. — interfax
- The salary increase is based on a formula where the Prime Minister’s pay is double that of an MR4-level minister. — fontanka
Coverage (4 sources)
- Salary of the world's highest-paid politician will rise to $2.8 million — Вечерняя Москва
- Singapore Prime Minister to receive salary increase of more than $1 million — Ведомости
- Singapore's Prime Minister will receive a salary seven times that of the US President — Интерфакс
- To the world's highest-paid leader, another million dollars was added — Фонтанка