Sir Keir Starmer, the leader of the Labour Party, has been a prominent figure in British politics for almost four years, assuming office after Jeremy Corbyn’s defeat in the 2019 general election. With a background as the Director of Public Prosecutions and head of the Crown Prosecution Service, he transitioned into politics in 2013, ultimately receiving a knighthood for his contributions. Now, at the age of 61, Starmer’s financial profile offers a glimpse into his diverse income streams and assets.
Political Earnings and Beyond
In the fiscal year 2021/2022, Starmer’s earnings as a Labour MP totaled £76,961, with an additional £49,193 attributed to his role as the opposition leader. Before his political career, his tenure as Director of Public Prosecutions garnered a substantial salary. However, it’s his diverse income sources that paint a more comprehensive picture.
Legal Services and Property Holdings
As a barrister, Starmer earned over £21,000 in legal services in 2020/21, a profession he left upon assuming the role of Labour leader. Reports suggest he owns seven acres of Surrey land valued at approximately £10 million, acquired in 1996 during his time as a human rights lawyer. Additionally, he acknowledges ownership of a north London residence valued at around £1 million.
Tax Disclosures and Additional Revenue Streams
Sir Keir’s tax disclosures shed further light on his financial standing. In March 2023, he revealed a UK tax payment of £118,580, earned from various streams, including capital gains from a property sale shared with his sister. His tax records indicate significant payments on total earnings in recent years, showcasing the depth of his financial engagements.
Diversification through Books and Speaking Engagements
Beyond politics and law, Starmer has diversified his income through book deals and speaking engagements. His memoir, “The Road to Renewal,” released in 2022, has been a bestseller, yielding substantial royalties. Additionally, he’s a sought-after speaker at educational institutions, further bolstering his financial portfolio.
Estimating Starmer’s Net Worth
While precise figures are often elusive, estimates place Starmer’s net worth at around £7.7 million, with potential for growth to £10 to £15 million when factoring in his various revenue streams and property holdings. His tidy portfolio reflects both his political and professional acumen, with expectations for continued growth in the years ahead.
Conclusion
Sir Keir Starmer’s financial profile offers insights into the multifaceted nature of his income sources and assets. From his political earnings to legal services and property holdings, supplemented by book deals and speaking engagements, he has cultivated a diverse portfolio. With estimates suggesting a net worth between £7.7 to £15 million, Starmer’s financial standing underscores his prominence in both politics and broader society.
