Iain Rankin Net Worth 2022, Age, Wife, Children, Height, Family, Parents, Salary

Iain Rankin net worth

Read the complete write-up of Iain Rankin net worth, age, wife, children, height, family, parents, salary, premier, party as well as other information you need to know.


Iain Rankin is a Canadian politician who served as the 29th premier of Nova Scotia from February 23, 2021, to August 31, 2021. He serves in the Nova Scotia House of Assembly for the Nova Scotia Liberal Party, representing the electoral district of Timberlea-Prospect. Rankin was first elected in the 2013 Nova Scotia general election and was re-elected in the 2017 general election. On February 6, 2021, Rankin was announced the Leader of the Nova Scotia Liberal Party.

Rankin became the 29th Premier of Nova Scotia on February 23, 2021. He called an election for August 17, 2021, which his Liberal Party lost to the Progressive Conservative Party of Nova Scotia. Rankin left office as Premier on August 31, 2021, when Tim Houston took the oath. At that time, Rankin became the Leader of the Opposition in the Nova Scotia House of Assembly. On January 5, 2022, Rankin announced that he will resign as leader of the Nova Scotia Liberal Party once a new leader is chosen.

Early life

NameIain Rankin
Net Worth$6 million
Age38 years
WifeMary Chisholm
FatherReg Rankin
Salary$175,00 to $375,000
Iain Rankin net worth 2022

Iain Thomas Rankin was born on April 9, 1983 (age 38 years) in Inverness, Nova Scotia, Canada. He grew up in Timberlea. He is the son of long-term Halifax city councilor Reg Rankin. Rankin graduated from Sir John A. Macdonald High School in 2001. He received a diploma in Professional Golf Management from Holland College, a Bachelor of Business Administration from Mount Saint Vincent University in 2006 and a Masters of Arts in International Politics at CERIS-ULB Diplomatic School of Brussels.

Iain was employed as an operations manager and as a project manager before entering politics. He was the Director of Operations for Dymon Storage Corporation, in Ottawa, Ontario. After returning to Nova Scotia in 2011, Iain successfully managed the launch, as an operating partner, of Premiere Self Storage, in Dartmouth, Nova Scotia. He went on to work as a project manager in the commercial division of Armco Capital, focusing on redevelopment assignments in Nova Scotia and Quebec.

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Rankin, a rescue dog owner, supported the Nova Scotia government’s plan to outlaw tying pets up for longer than 12 hours. In 2014 with the support of local residents, Rankin participated in a campaign with lawn signs targeting speeders with messages to slow down. Through a private member’s bill and was passed by the legislature, Rankin submitted Bill 176 which will restrict Otter Lake Waste Facility to its current height and size.

Rankin participated in a virtual event commemorating the 100th anniversary of the Nova Scotia Home for Colored Children in June 2021, speaking alongside MLA Tony Ince, Senator Wanda Thomas Bernard, Judge Corrine Sparks, and Rev. Rhonda Britton.


Iain Rankin first ran for public office in the 2013 Nova Scotia general election and was elected to the Nova Scotia House of Assembly. During his first term, he served as the Liberal caucus chair. He was vice-chair of the public accounts committee and a member of the assembly matters and the private and local bills committees. He was also a member of the House of Assembly Management Commission.

Rankin was elected president of the provincial section of the Francophone Parliamentarian Association in 2014 when the membership broke from tradition by not electing an opposition party member. On June 15, 2017, Rankin was appointed to the Executive Council of Nova Scotia as Minister of Environment. Rankin hired the first dedicated crown prosecutor to handle cases related to the Environment Act, food safety, public health, meat inspection, fisheries and aquaculture, animal welfare, natural resources and the fur industry.

He passed legislation to introduce a cap and trade system in Nova Scotia. As Minister of Environment, Rankin joined other leaders across the continent agreeing to regional cooperation on carbon pricing in the Americas. Rankin signed an agreement to join the Western Climate Initiative Inc. to use its IT system to manage and track the new cap and trade program. In order to define a coastal protection zone in the province, Rankin launched public consultations on future coastal protection legislation which passed in the legislature. Calling the toxic Boat Harbour lagoon one of the worst examples of environmental racism in the province and possibly the country.

Rankin announced details of a long-awaited clean-up at Northern Pulp’s wastewater lagoon, on the edge of Pictou Landing First Nation. It is Nova Scotia’s biggest environmental remediation project since the Sydney Tar Ponds. He commissioned an assessment of a contaminated site in Harrietsfield. For years, many residents have not been able to drink their water due to contaminants from a former salvage yard. This was an unprecedented step never used before with the Environment Act.

On July 5, 2018, Rankin was moved to Minister of Lands and Forestry in a cabinet shuffle. While Minister of Lands and Forestry, Rankin secured $47.9 million to clean up two former gold mines in what was the beginning of a project to evaluate and clean up all of the abandoned mine sites in Nova Scotia. The Department of Lands and Forestry committed $1 million to create The Shaw Wilderness Park 153-hectare (379-acre) nature reserve in the Williams Lake area of Halifax. Rankin signed the first-ever Mi’kmaq Forest Initiative giving the Mi’kmaq forest planning and management responsibility on two blocks of Crown land, totaling about twenty-thousand hectares.

Rankin resigned from cabinet in October 2020 and announced his candidacy for the leadership of the Nova Scotia Liberal Party. However, on October 5, 2020, Rankin launched his campaign for Leadership of the Nova Scotia Liberal Party, following Premier Stephen McNeil’s announcement that he would be stepping down from his office. The other candidates in this contest were fellow former cabinet ministers Randy Delorey and Labi Kousoulis. On February 6, 2021, Rankin has announced the Leader of the Nova Scotia Liberal Party, and the premier-designate of Nova Scotia.

Premier of Nova Scotia

Iain Rankin became the 29th Premier of Nova Scotia on February 23, 2021, succeeding Stephen McNeil following a competitive leadership election. Following his election, he called a legislative session to pursue his legislative agenda, including an increase of $100 a month for all adults on income assistance, the largest single increase in the program’s history by a large margin, and efforts to address systemic racism and advance equality issues. These included the passage of the Emancipation Day Act, which formally recognizes the day the British Parliament abolished slavery, and the Land Titles Initiative Acceleration Act, a bill that will help speed up the process of settling land titles for people living in historically Black communities.

Rankin also appointed Andrea Anderson as the province’s public service commissioner, the first person of color to head the commission. The Environment Department was renamed Environment and Climate Change to highlight Rankin’s commitment to the issue, and all mandate letters to ministers noted the need to consider climate change and for it to factor into their respective policy and program decisions.

He created an Office of Equity and Anti-Racism, as well as an Office of Mental Health and Addictions. Dr. Sam Hickcox was appointed as the first chief officer of the newly created Office of Mental Health and Addictions. In recognition of Mi’kmaq people, language, and the significant geographical location, Rankin (who renamed the Department of Aboriginal Affairs to L’nu Affairs), unveiled a new sign in Mi’kmaq, Pjila’si Unama’kik at the causeway in Cape Breton, along with Mi’kmaq elders and chiefs.

On his first day in office, Rankin announced incentives for the purchase of electric vehicles as well as energy efficiency support for low-income Nova Scotians. In his throne speech, Rankin announced a bold commitment to get Nova Scotia off coal by 2030, ten years earlier than previously planned. Rankin launched a plan to add 264 new long-term care beds and replace 1,298 beds at 14 nursing homes and three residential care facilities across the province. To help address systemic racism in the justice system Rankin announced $4.8 million to establish the African Nova Scotian Justice Institute.

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Rankin signed a $645 million agreement with the federal government to establish $10 per day childcare in Nova Scotia. In April 2021, following a spike in COVID-19 cases, Rankin enacted lockdown measures which brought case numbers down, and case numbers remained low for the remainder of his tenure. Nova Scotia maintained the highest vaccination rates in Canada.

In June 2021, Iain Rankin called for an election. While the Liberals focused on COVID-19, the Progressive Conservatives ran a campaign that was largely focused on the ongoing Healthcare crisis in Nova Scotia. Despite starting the campaign with a lead of 28 points in the polls, support for the Liberals collapsed in the final days of the race, and the Progressive Conservatives, led by Tim Houston, won a strong majority government. This marked the first time since 2006 that the Progressive Conservatives had won an election in Nova Scotia. Rankin claimed responsibility for the loss and said he would do nothing differently.


Iain Rankin is married to Mary Chisholm. His wife is a private person and is not often seen in political issues, However, Rankin was convicted of impaired driving in 2003, and again faced impaired driving charges in 2005 but these were eventually overturned on a technicality due to a clerical error. He is married to Mary Chisholm. Rankin and Chisholm have a daughter, Freya Rose Rankin, born in November 2021.

Iain Rankin net worth

How much is Iain Rankin worth? Iain Rankin net worth is estimated at around $6 million. His main source of income is from his career as a politician and former premier of Nova Scotia. Rankin successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and influential politicians in Canada. However, on January 5, 2022, Rankin announced that he will resign as leader of the Nova Scotia Liberal Party once a new leader is chosen.