Mark Carney vs Justin Trudeau net worth: Who is Richer, the new or ex-PM of Canada?

Mark Carney vs Justin Trudeau net worth: Mark Carney has been appointed as the new leader of the Liberal Party and the next Prime Minister of Canada, replacing Justin Trudeau. While his political journey has just begun, his financial success has been decades in the making. But how wealthy is Mark Carney compared to his predecessor, Justin Trudeau?

Mark Carney¡¯s Net Worth and Sources of Income

The newly elected Canada PM, Mark Carney, has a net worth of approximately $6.97 million as of 2025, according to Pierre Poilievre News. His wealth comes from a long career in finance and banking, with key roles in some of the world's biggest financial institutions.

Born in Fort Smith, Canada, Carney started his career in investment banking after earning a PhD from Oxford. He spent 13 years at Goldman Sachs, working in major financial hubs such as London, New York, Tokyo, and Toronto. During his time there, he held high-ranking positions, including co-head of sovereign risk and managing director of investment banking. Carney himself admitted that his time at Goldman Sachs earned him "a fortune."

Credit: Reuters

After his stint in investment banking, he transitioned to policymaking and central banking. Carney served as Governor of the Bank of Canada before moving on to the Bank of England in 2003. His leadership helped steer Canada through the 2008 financial crisis, making it the first G7 nation to recover its pre-crisis GDP levels. In recognition of his efforts, he was named Central Bank Governor of the Year in 2012.

Carney¡¯s wealth also grew through corporate roles, including a position at Brookfield Asset Management and as chairman of Bloomberg L.P.'s board of directors. His diversified financial portfolio and strategic career moves have helped him amass significant wealth, though he still falls short compared to Justin Trudeau.

Justin Trudeau¡¯s Net Worth ¨C How Rich is the Former Canada PM?

Following his resignation as Canada's PM, Justin Trudeau¡¯s net worth remains significantly higher than Mark Carney¡¯s. As of 2024, Trudeau¡¯s net worth is estimated at $96 million (approximately Rs 823 crore). His wealth is a combination of inheritance, political salary, investments, and real estate holdings.

Trudeau, born into a politically influential family, had multiple careers before stepping into politics. He worked as a teacher, nightclub bouncer, and snowboard instructor before entering public service. His substantial wealth largely stems from an inheritance of over $40 million from his father, former Prime Minister Pierre Trudeau.

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Apart from his inherited fortune, Trudeau has made strategic investments in real estate and stocks, increasing his wealth significantly. His real estate portfolio is valued at $50 million, and he also possesses a $20 million stock portfolio. Despite Canadian laws restricting him from trading stocks directly, he leveraged alternative means to invest, leading to an average 48% annual growth in his stock holdings.

How Does Trudeau Spend His Wealth?

Trudeau enjoys an opulent lifestyle, with a fleet of luxury cars, yachts, and mansions. His assets include:

• Two Rolls Royces
• Three Mercedes-Benz cars
• One Lincoln
• Two Range Rovers
• Two McLarens
• One Bugatti
• Two yachts worth over $3 million
• An 11-bedroom mansion in Ottawa

Additionally, Trudeau has $22 million worth of investments in real estate and government securities, further strengthening his financial standing.

Mark Carney vs Justin Trudeau: Who is Richer?

While Mark Carney¡¯s net worth of $6.97 million is impressive, it pales in comparison to Justin Trudeau¡¯s fortune of $96 million. Trudeau¡¯s inherited wealth and successful investments have placed him far ahead of Carney in terms of financial power. However, Carney¡¯s expertise in global finance and leadership in banking have earned him substantial wealth, and his tenure as Canada's PM could see his fortune grow further.

With Mark Carney as the new PM of Canada, it remains to be seen how his wealth and influence will evolve in the coming years. Will he be able to match Trudeau¡¯s financial success? Only time will tell!

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