As the U.S. presidential election begins to heat up, the question on everyone’s mind is ‘who’ll get the top job?’ But have the nominees considered what one of the most stressful jobs in the world pays?
Unsurprisingly the President is pretty well paid, earning $400,000 ( £270,000) a year, plus an extra expense allowance of $50,000 (£34,000).
While this may seem a bit low, considering the stresses of the job, it’s actually a pretty impressive wage in the U.S., and is around ten times the average yearly wage of $45,230 (£31,00).
Business Insider also report that of the top 30 paid jobs in the U.S. none come close to the President. For example the job in the number one spot, anaesthesiologists, earn an average annual salary of $246,320, just over half what Obama brings in.
In terms of other world leaders Obama smashes the majority of them, including Angela Merkel ($234,400, £162,000), David Cameron ($214,000, £148,000) and his eastern rival Vladimir Putin ($136,000, £94,000).
Unfortunately, Obama’s wage is just a drop in the ocean for Lee Hsien Loong the Prime Minister of Singapore, who earns an incredible $1,700,000 (£1,180,000).
But we shouldn’t confuse salary with income. While President Obama’s salary is $400,000, his actual income in 2011 was around $790,000, (£548,000) thanks to investments and royalties from his books.
Like most employees, the president also receives a few benefits as well as his salary. As you can imagine, these benefits are pretty amazing and include free transportation in the presidential limousine, his boat, Marine One, and his private jet, Air Force One, as well as free housing in the White House.
As an added bonus, at the end of their term the President is still on the government payroll, which includes an annual pension of about $200,000, health care, paid official travel, and an office.
So all in all being president’s a pretty well paid job, I’m just not sure if it’s worth the stress, especially when sports stars and CEOs earn absolutely colossal sums compared to the man in the oval office…
More of a concept than a journalist, Tom Percival was forged in the bowels of Salford University from which he emerged grasping a Masters in journalism.
Since then his rise has been described by himself as ‘meteoric’ rising to the esteemed rank of Social Editor at UNILAD as well as working at the BBC, Manchester Evening News, and ITV.
He credits his success to three core techniques, name repetition, personality mirroring, and never breaking off a handshake.