British politician Nadhim Zahawi has just been appointed as the new Chancellor of the Exchequer.
The 55-year-old has been a Conservative MP for 12 years and has been in government since 2018.
As he already promises to “restart growth” and cut taxes, what is Nadhim Zahawi’s net worth in 2022?
Nadhim Zahawi net worth:
Despite various reports of Nadhim Zahawi’s wealth, he is estimated to have a net worth of up to £100 in 2022, according to the Mirror.
Before joining the benches of Westminster, Zahawi led a long career as a businessman.
After leaving Smiths & Brooks Ltd in 2000, he founded data analytics and market research company YouGov with Stephan Shakespeare.
He continued with the company as CEO while beginning his career in politics, first as an aide to Jeffery Archer, before being elected Putney’s Conservative Councilor in 1994.
After serving three terms in the London Borough, Zahawi set his sights on Stratford-Upon-Avon, where he would be elected a Conservative MP in 2010.
He spent much of his time in government advising on external relations, before being appointed Parliamentary Under-Secretary of State at the Department of Education in 2018.
Fast forward to the COVID-19 pandemic in 2020, Zahawi became the first Parliamentary Under Secretary of State for the deployment of the COVID-19 vaccine in November of the same year.
He would oversee the rollout of COVID vaccines in the UK until his reassignment as Secretary of State for Education following the departure of his predecessor, Gavin Williamson, in 2021.
Apart from his parliamentary duties, Zahawi and his wife Lana own a property portfolio worth over £100m.
Controlled by their joint company Zahawi and Zahawi Ltd, the couple’s holdings include an £18million Asda Megastore, a riding school, a NatWest bank in Wimbledon (£5.25million), a WH Smith in Walton-on-Thames (£1.32million) five residential properties worth £17million and a Co-op supermarket bought last month for £6.3million.
Questions were raised over Zahawi’s financial integrity when he claimed alarmingly over £170,000 in expenses in 2012/13.
It has come to light that an “error” led to his riding school’s electricity bills slipping into the claim.
In 2017, the family bought a six-storey property on one of Belgravia’s most exclusive streets, worth a modest £25million.