Jagmeet Singh, the current leader of Canada’s New Democratic Party, is known for his progressive ideas and charismatic leadership. However, he is also praised for his savvy financial management skills. Despite a modest salary as a politician, Singh has managed to build a substantial personal net worth and maintain a comfortable lifestyle while also navigating the complex world of political finances.
One of Singh’s key strategies is diversifying his sources of income. In addition to his salary as a Member of Parliament and the leader of a political party, he also earns income from investments, book sales, and speaking engagements. This allows him to weather any fluctuations in his political income and maintain a stable financial foundation. Furthermore, Singh is known for his frugal lifestyle, choosing to drive a used car and live in a modest home. He also prioritizes saving and investing, using his money to build long-term wealth rather than splurging on short-term luxuries.
But perhaps one of Singh’s most unique financial moves is his decision to donate a portion of his salary to charity. Instead of using all of his political income for personal expenses, he chooses to give back to his community by supporting various causes and organizations. This not only aligns with his values as a politician but also helps him build a positive reputation as a leader who practices what he preaches.