Liz Truss resigned from her position as secretary of state, only 44 days into her term. She was the third Prime Minister this year, but after her catastrophic "mini-budget" measure in September scared markets, spiked borrowing rates, and ruined the British pound, according to Time.
The turmoil prompted Liz Truss to replace Kwasi Kwarteng with Jeremy Hunt as finance minister of the UK, but that move was insufficient to save her political career. She soon lost the confidence of fellow Conservatives and the general public, as surveys indicate. But did this impact Liz Truss Net Worth?
Political Career
I recognise however that, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party.
— Liz Truss (@trussliz) October 20, 2022
I have therefore spoken to His Majesty The King to notify him that I am resigning as Leader of the Conservative Party.
Liz Truss has made her mark in history as Britain's shortest-serving Prime Minister due to her brief tenure in office. The previous record holder was George Canning. Approximately 200 years ago, he passed away due to bad health. He became the official shortest-serving prime minister.
Tory party member Canning served as Foreign Secretary under the Duke of Portland before resigning following a dispute with the war minister. Canning replaced Lord Liverpool in April 1827. Unfortunately, in August of the same year, only five months into his term as a government leader, Canning died unexpectedly from poor health. Most accounts claim that his death was caused by tuberculosis. However, the official government website of the UK indicates that Canning died of pneumonia.
Since 2021, she has been the United Kingdom's Secretary of State for Foreign, Commonwealth, and Development Affairs, a position she held before becoming prime minister. Politically, Truss has followed a path typical of established conservatives.
She followed in the footsteps of many before her by attending Merton College, Oxford, to study politics, philosophy, and economics. Truss became President of the Oxford University Liberal Democrats organization, where she became immersed in student politics and discovered her passion for politics.
Instead of entering politics right away, Truss went to work for Shell as a certified public accountant. According to The Real Mango, after being unsuccessful in her first two elections, Truss decided to devote herself full-time to her role as deputy head of a think tank, The Reform Research Trust, in 2008.
She collaborated on several reports, including The Value of Mathematics and A New Level, alongside her colleagues. She then created the Free Enterprise Group of Conservative MPs. Before standing for the seat of Hemsworth Conservative MP in 2011, she served as a councilor for the London Borough of Greenwich, which may have impacted Liz Truss Net Worth.
Truss has been a minister since 2012, has written many books, and had a successful business career at Shell, so she is probably quite wealthy.
Liz Truss Net Worth
After serving as Prime Minister of the United Kingdom for the record-shortest amount of time, Liz Truss Net Worth 2022 shows that she is a multi-millionaire. Following the resignation of former British Prime Minister Boris Johnson' in September, Oxford graduate and politician Liz Truss moved into 10 Downing Street.
According to PBS, Liz Truss was named prime minister on Sept. 6, one of Queen Elizabeth II's last official decisions before Her Majesty died two days later.
Liz Truss may become jobless after she steps down from her position as UK prime minister, but she is still quite wealthy. Money Transfers estimates Liz Truss Net Worth at £8.4 million (US$9.4 million), as reported by Express. Liz Truss has made a lot of money through her work in the private sector and her time in politics.
