According to media reports, British Prime Minister Boris Johnson nominated a new UK Health Secretary and Finance Minister on Tuesday in response to the resignations of Health Secretary Sajid Javid and Chancellor of the Exchequer Rishi Sunak.
The British Prime Minister has named Steve Barclay as the new health secretary and Nadhim Zahawi, the current education secretary of the UK, as the new finance minister.
How Much Is Nadhim Zahawi’s Net Worth In 2022?
Nadhim Zahawi’s estimated net worth is £100 million. The string of transactions is anticipated to raise concerns about Zahawi’s extensive commercial interests outside of parliament.
Zahawi started working with Gulf Keystone in July of last year. He makes £20,125 each month as the chief strategy officer. He has also been receiving recurring bonuses of up to £26,000 as payment for his advice to the company.
The most recent sale of a NatWest bank branch and offices was £5.25 million in 2012. WH Smith is situated on Zahawi’s Walton-on-Thames property, which cost £1.32 million.
As The Guardian previously revealed, Zahawi received “performance units,” a kind of bonus, just before it was made known that Sinopec, the Chinese state-owned oil corporation, was negotiating to buy Gulf Keystone, a business currently valued at £350 million.
A Conservative MP invested more than £25 million in residential and commercial buildings in central London over the last three years, earning him hundreds of thousands of pounds in rental income in addition to his parliamentary salary.
Nadhim Zahawi’s Career Earnings & Assets
Adding to a family portfolio that already included a stucco home on one of the most prestigious streets in Belgravia, central London, Nadhim Zahawi—who is also a director of an oil company that conducts business in Kurdistan—spent £10 million on the commercial properties in the 18 months before December.
In 2013, Zahawi and his wife Lana spent £13.75 million buying the Belgravia property, which is close to Margaret Thatcher’s longtime home. The couple has asked permission to enlarge the basement and construct a swimming pool as part of a big makeover.
The commercial properties were purchased through a company controlled by Zahawi and his wife, one of which included the former Brighton location of the Fishy Fishy restaurant, formerly owned by TV star Dermot O’Leary.
A month after winning the election in 2010, the MP started a company called Zahawi & Zahawi and used that company to buy commercial properties. He and his wife jointly own half of the company, which files “small company” accounts. According to its financial records, it had £174,675 in shareholder funds the year prior. In the prior year, it had £179,083 in funds.
Nadhim Zahawi’s Early Life
On June 2, 1967, Nadhim Zahawi was born in Baghdad, Iraq. He is a well-known and accomplished British-Iraqi politician. The names of his mother and father are unknown. His wife’s name is Lana Zahawi, and he is married, according to rumors on social media.
He is a well-known and accomplished British-Iraqi politician. He started working when he was very young. Zahawi stands at 6 feet, 0 inches tall. Zahawi started working when he was very young. He has served as the Conservative Party’s representative for Stratford-on-Avon since 2010.
Nadhim served in the Second Johnson ministry as Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment from 2020 to 2020 and Secretary of State for Education from 2021 to 2022.
Nadhim attended Ibstock Place School, University College London, Holland Park School, and King’s College School, where he received his schooling. He is British-Iraqi by nationality.
He became Chancellor of the Exchequer on July 5, 2022, becoming the first person to hold the position who was not born in the UK. He has served as the Conservative Party’s representative for Stratford-on-Avon since 2010.