Then-British Prime Minister Liz Truss made headlines on October 20, 2022, when she abruptly announced her resignation. Truss now has the dubious distinction of having the shortest term as Prime Minister in British history, having taken over from Boris Johnson just six weeks ago. Have you ever pondered Liz Truss’ estimated net worth? This page will give readers information about Liz Truss’s net worth, political career, educational history, and family.
Liz Truss’s early life, what she did in school, and her family history
Liz Truss was born on July 26, 1975, in Oxford, England. Her full name at birth was Mary Elizabeth Truss. Her father taught maths at the University of Leeds, and her mother was a nurse, a teacher, and a political worker. When Liz was young, she moved to Scotland with her family. In 1993, she went to Oxford to study politics, philosophy, and economics at Merton College. Lizz Truss will be 48 years old in 2023.
Hugh O’Leary, the man Liz Truss married in 2000, is proud to back her in politics. Like Liz, he went to school for accounting. Hugh has also tried his hand at politics. As a member of the Conservative Party, he ran for local council in 2002, but he didn’t win. He lost, but he still helps the Greenwich party.
He was born in 1973, but no one knows the exact date. Hugh went to the London place of Economics, which Liz thinks is a great place. They have two children, Liberty, who is 19 years old, and Frances, who is 16 years old.
Liz Truss Has a Successful Career
Liz Truss has had a very good career. She started working at Shell in 1996 and became a Chartered Management Accountant (CMA) in 1999. She later worked at Cable & Wireless as a business director until she left in 2005. In 2001, she ran for office in Hemsworth, and even though she didn’t win, she helped the Conservatives get more votes.
In 2010, Truss was elected into the House of Commons. She worked hard to keep the RAF Tornado base in her district and became an undersecretary at the Department of Education, where she handled important things like childcare and education reform.
In 2014, Truss was named Secretary of State for Environment, Food, and Rural Affairs, taking over for Owen Paterson. She was in charge of environmental and rural issues.
In 2021, Truss was given the job of Secretary of State for Foreign, Commonwealth, and Development Affairs. This happened after Boris Johnson stepped down as prime minister, making Truss the leader of the Conservative Party and the largest party in Parliament.
Liz Truss’s Start as Prime Minister Was Hard
On September 6, Liz Truss took over as Prime Minister of the United Kingdom from Boris Johnson. But from the start, things didn’t go well for her.
The WaPo said that Truss had a number of problems that she had caused herself, which made her political situation worse and worse. One of these problems was that she tried to change the government’s economic plans in a big way by lowering taxes, but she didn’t say how she would pay for it. When the value of the pound dropped, prices in the UK went up more than they did in the US, hitting record-high levels.
liz truss net worth: Rich and a pension for life
Based on information from Money Transfers, the Daily Express says that Liz Truss has a net worth of around $9.4 million. She got her money from being in politics and working in the oil and telecom industries before that.
The Washington Post says that Truss can get an income of up to $130,000 every year for the rest of her life through the Public Duties Cost income (PDCA) programme. This allowance pays for things like protection at public events and keeping an old prime minister’s office in good shape. Truss is financially stable because of her net worth and this allowance.
Lizz Truss on Social Media
Lizz Truss has an Instagram account with the handle @elizabeth.truss.mp, which has 162 K followers. She also has a website where you can find out everything there is to know about her and her work in politics.
In conclusion
Liz Truss quit as British Prime Minister without warning after only six weeks in office. This has led to rumors about what she will do next in politics. Even though Lizz Truss has only been in office for a short time, she has a net worth of $9.4 million and could get a lifetime allowance of up to $130,000 per year. This gives her financial security for the future.
