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Lawrence Wong’s Net Worth & Income Sources

FieldDetails
Full NameLawrence Wong Shyun Tsai (黄循财)
Date of BirthDecember 18, 1972
Place of BirthSingapore
NationalitySingaporean
Education– University of Wisconsin–Madison (Economics) – University of Michigan (Master in Applied Economics) – Harvard University (MPA, Kennedy School)
OccupationPolitician, Civil Servant
Current Position (2025)Prime Minister of Singapore (since May 15, 2024)
Previous Roles– Deputy Prime Minister – Minister for Finance – Minister for Education – Minister for National Development
Political PartyPeople’s Action Party (PAP)
Known ForLeading Singapore’s COVID-19 response; 4G team leader

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As of April 2025, Lawrence Wong, Singapore’s fourth Prime Minister, has an estimated net worth of approximately $5 million USD.

This wealth primarily stems from his extensive career in public service, including roles as Minister for Finance and Prime Minister. 

Primary Income Sources

1. Public Service Salary

Singapore’s Prime Minister is among the highest-paid world leaders. Lawrence Wong earns an annual salary of S$2.2 million (approximately US$1.69 million). 

This compensation reflects Singapore’s policy of offering competitive salaries to attract and retain top talent in public service.

2. Ministerial Roles

Before becoming Prime Minister in May 2024, Wong served as Minister for Finance from 2021, and held other key positions such as Minister for Education and Minister for National Development. These roles contributed significantly to his earnings and experience. 

3. Investments and Assets

While specific details about Wong’s personal investments are not publicly disclosed, it is common for individuals in his position to have diversified portfolios, including real estate and other assets, contributing to their overall net worth.

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