List of Highest Presidential Salaries in the World

A president's salary not only reflects his status as the leader of the country but also gives an idea of the value and responsibility of the job. In this article, we take a look at the top 10 highest-paid presidents in the world, along with their salaries.

1. President of Singapore

Salary: Around $400,000 or equivalent to IDR 6,284,400,000

Although Singapore is a small country, it is economically strong and is predicted to continue to grow in the coming years. Therefore, it is not surprising that the salary of the president of Singapore is quite astonishing.

With a nominal value of around Rp. 6,284,400,000.00 in 2024. Singapore's president ranks high in the world's presidential salaries.

2. President of the United Arab Emirates

Salary: Around $380,000 or equivalent to IDR 5,970,180,000

The President of the UAE is ranked second in terms of the highest salary after Singapore. As the richest country in the world with its oil resources, no doubt that the UAE president receives a salary with a fantastic nominal. In addition to salaries, there are also additional facilities such as houses and luxury cars received by the UAE president.

In 2016, the UAE parliament decided to reduce the president's salary by 20%. Until now, there is no certainty whether this reduction will be implemented or not.

3. President of the United States

Salary: About $360,000 or equivalent to IDR 5,655,960,000

The salary of the President of the United States is set by law and cannot be changed without an act of Congress. This has been the case since 1989 when George H.W. Bush signed the law that set the current salary. The President of the United States is the 3rd highest-paid president in the World as of 2024.

Also Read: Not The Dollar, But This Is The Highest Currency In The World

4. President of Norway

Salary: About $350,000 or equivalent to IDR 5,498,850,000

In 4th place is the president of Norway, with an annual salary of IDR 5,498,850,000. Norway is a country in Scandinavia with a population of more than 5 million. The country has a strong economy, partly due to its large oil reserves. He is ranked 4th on the list of the 10 highest-paid presidents in the world.

5. President of Turkey

Salary: Around $315,000 or equivalent to IDR 4,948,965,000

Coming in 5th on the list is the president of Turkey, Recep Tayyip Erdoğan. He will earn an annual salary of $315,000 in 2023.

This puts the Turkish president in 5th place on the list of the highest-paid presidents in the world.

6. President of Switzerland

Salary: About $310,000 or equivalent to IDR 4,870,410,000

In 6th position is the President of Switzerland, earning more than 4.8 billion Rupiah per year. Switzerland is located in Western Europe with a population of 8.3 million. The country has a high standard of living and ranks 4th in the world in terms of economic freedom.

The president's salary is quite low compared to other countries on this list, but his income is still comfortable. He is 6th on the list of the world's highest-paid presidents.

7. President of Ireland

Salary: About $285,000 or equivalent to IDR 4,477,635,000

Number 7 on the list is Michael D. Higgins of Ireland. Higgins has been in office since 2011 and is up for re-election in 2021. He earns a salary of IDR 4,477,635,000 per year. The Irish president is 7th on the list of the highest-paid presidents in the world in 2024.

8. President of Canada

Salary: About $270,000 or equivalent to IDR 4,241,970,000

In eighth place is Canada with an annual salary of $270,000. The current President of Canada is Justin Trudeau, in office since 2015. He is the eldest son of former Canadian Prime Minister Pierre Trudeau and has a background in teaching and engineering. Trudeau is also a member of the Liberal Party and was elected in 2015 with a majority government. This brings him to number 8 on the list of the highest-paid presidents in the world.

9. President of Japan

Salary: About $265,000 or equivalent to IDR 4,163,415,000

Ninth on the list is the president of Japan, who has an annual salary of $265,000. The president of Japan is a very important and highly respected position in the country. They are responsible for leading the government, making decisions that affect the entire population, and acting as Japan's representative on the world stage.

Despite being one of the most expensive countries to live in, the Japanese president still earns a relatively small salary when compared to other world leaders and that makes him make our list as the 9th highest-paid president in the world in 2024.

10. President of Australia

Salary: Around $250,000 or equivalent to IDR 3,927,750,000

At number 10 on the list is the President of Australia, with a salary of around $250,000. The President of Australia is Australia's ceremonial head of state and is elected by the Australian people for a three-year term.

The President's role is to represent Australian citizenship and serve as the country's High Commissioner to the United Kingdom. He is ranked 10th on the list of the highest-paid presidents in the world.

What is the Indonesian President's Salary?

In Indonesia, the amount of presidential and vice presidential salaries, allowances, and pension funds have been regulated in detail in Law of the Republic of Indonesia Number 7 of 1978 concerning the Financial/Administrative Rights of the President and Vice President and Former President and Vice President of the Republic of Indonesia.

Based on kabar24.bisnis.com (7/12/2023), the amount of President's Basic Salary is around IDR 30,240,000 per month. The amount of salary does not include allowances worth IDR 32,500,000 per month, so in total, the President of Indonesia gets IDR 62,740,000 per month or the equivalent of IDR 752,880,000 per year.

Conclusion

A president's salary is not just a number. The nominal value reflects the complexity and responsibility that state leaders carry in dealing with their duties. By knowing the salaries of presidents from different countries, we can better understand how the job is valued on a global level.

Source:

gistbriefly.com