How rich is Ed Miliband?

Name: Edward Samuel Miliband
Born: 24th December 1969
Occupation: Statesman and politician  

Ed Miliband. Photo: Mandate for Change

Ed Miliband. Photo: Mandate for Change

Edward, a Londoner by birth and a statesman by profession, is presently designated as the leader of the Labor Party of U.K. He started his tryst with history way back in the early nineties in an unlikely role of a television journalist. The journey from television journalism to heading the Labor Party was anything but smooth.

Hailing from a modest background, Miliband was born to Polish Jewish Parents. On a personal front, schooling began in Camden and Edward graduated from London School of Economics where he earned a masters degree in economics.

Edward finally earned an election mandate as a member of parliament in the year 2005 and offered his portfolio. The journey continued and in the year 2010, he became the leader of the opposition at the age of 40. He has to his credit the achievement of being the youngest leader of the opposition since World War II.

On a personal front, Edward Miliband met, romanced and wed Justine Thornton in 2010 and now has two sons to share the joy with.

Professionally Miliband continues to create waves with nonconventional views about politics and Labor Party. Edward Miliband is something of a crusader when it comes to personal viewpoint on politics and issues of the state. He brings to the forum the need for revolutionizing politics and removing the big money from politics in the coming years.

He talks transparency and stripping the big millions from politics; however he owns a 1.6 million pound house in an exclusive London neighborhood and has used the inheritance rules of the land to his advantage. Some say his net worth might be 5 million pounds or US$ 8 million.

So how much is five million pounds really?

Not much, really.  The highest paid CEO in the US, John Hammergren, made $ 1.2 billion last year, including bonuses and profit from stock earnings.  It would take him just a little more than two days – 58 hours to be exact – to make as much as Miliband’s net worth.

On the other hand, Miliband is perhaps a tiny bit better off than the voters he is trying to appeal to.  A 24 year old on job seekers’ allowance in the UK will make $ 75 per week.  If saving every penny it would take him 106 667 weeks or 2050 years to scrape together a fortune similar to Miliband’s.  We are pretty sure that unless he has seen it in a memo last week, Edward has no idea what the price of butter is these days.  But then neither do we, really.

See also: David Cameron, Barack Obama, Mitt Romney.

 

3 Comments

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