Asia Techonomics: Why Singapore Prime Minister Wong will earn $1 million more in future
The Prime Minister of the city-state of Singapore has long been the world's highest-paid politician. Now his salary is increasing again significantly - for good reason, the government argues.
Karsten Wildberger's salary dropped by over 90% when he left his position as CEO of Ceconomy to join politics, going from €2.8 million to just over €200,000 as Digital Minister. In contrast, Singapore's politicians, including Prime Minister Lawrence Wong, are set to receive significant pay increases, with Wong's annual salary rising from $1.7 million to $2.8 million.
The Singaporean government believes that high salaries are necessary to attract top candidates to politics. The city-state's leaders have long been among the best-paid politicians globally.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
