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How rich is Liz Truss?

by LLB Reporter
5th Sep 22 11:27 am

Liz Truss is waiting in the wings to be announced as the next Prime Minister.

Truss, who has vowed to “act immediately” to help with energy costs, has been in the House of Commons for just over a decade.

She won more supporters in the leadership race as her opponent Rishi Sunak was ridiculed for wearing Prada shoes.

But just how rich is Liz Truss? Let’s find out…

Net worth

Her current net worth is £8.4million, according to Money Transfers.

Earnings

Truss earns £71,673 for her role as Foreign Secretary (of which she only claims £67,505)

She also makes an additional £84,144 for being the Conservative MP for South West Norfolk. On moving into Downing Street, Ms Truss would be entitled to a 5.3% pay rise taking her to £164,080.

Property

Truss lives with her husband and two daughters in Norfolk in a detached home they purchased in 2010 for £180,000.

The value of the property in Thetford is estimated to be close to £336,506 in the current climate.

Expenses

Truss found herself in hot water earlier in the year when she asked for public money to cover a £3,000 lunch.

Leaked correspondence to the Guardian revealed the foreign secretary “refused to consider anywhere else” and asked that public funds should pay for a £3,000 event with Joe Biden’s trade representative.

According to the correspondence, Truss, then the trade secretary, “explicitly asked that we book 5 Hertford Street”, which is owned by Robin Birley, a Tory donor.

The Guardian reported: “Truss is reported to have previously used it to host “fizz with Liz” dinners with MPs and “biz for Liz” receptions with potential donors, in preparation for a likely leadership bid.”

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