What is Kwasi Kwarteng's net worth in 2022?

Kwasi Kwarteng is the latest Chancellor of the Exchequer after being given the role by Liz Truss.

He has been making headlines due to his latest budget announcement and cutting taxes.

His role involves the country's finances, but how much is the politician worth?

How much is Kwasi Kwarteng worth?

All eyes are on Kwasi for changes in the finances and budgets of the country during the cost of living crisis, but how much does he earn?

Various sources claim that Kwarteng is worth between £800,000 and £1.5 million.

His full name is Akwasi Addo Alfred Kwarteng, and in his new role as Chancellor of the Exchequer he has also received a boost to his bank balance.

It's reported that he receives the MP's basic salary of £84,144, and now receives £71,673 for his role of Chancellor of the Exchequer.

The total comes to £155,817 per year.

However, it's likely that Kwarteng earns extra income on the side.

Back in 2019, a newspaper investigation reported that while he worked as an MP in Spelthorne he earned an £10,575 from side jobs.

This included contributing book reviews for the Sunday Times, as well as payment for speaking at talks and payment for an interview by a film production company.

Kwarteng also received £1,800 from the BBC for presenting a Radio 4 series and appearing on a panel.

He defended his extra earnings at the time, saying: "You can't have MPs with a sense of what it is to make a living and then expect people as soon as they are elected to stop completely whatever they're doing.

"I know that people have a problem with that, but if you go down that route you are going to have even more MPs who have no idea about the outside world.

"I think it would create a bigger gulf between the political class and the general public."

According to the Register of Members' Financial Interests, Kwarteng owns one property in Bayswater, London.

He married his wife, solicitor Harriet Edwards, in 2019 and they have one daughter together.

Kwarteng is notoriously private and rarely shares pictures of his wife and child.