Michael McCormack Net Worth 2022, Age, Wife, Children, Height, Family, Parents, Party

Michael McCormack net worth

Read the complete write-up of Michael McCormack net worth, age, wife, children, height, family, parents, office, party as well as other information you need to know.


Michael McCormack is an Australian politician who was leader of the National Party and Deputy Prime Minister of Australia from February 2018 to June 2021. He was also Minister for Infrastructure, Transport and Regional Development, having previously served as Minister for Defence Personnel and Minister for Veterans’ Affairs from 2017 to 2018. McCormack has been a member of the House of Representatives since 2010, representing the Division of Riverina in New South Wales. He was a newspaper editor before entering politics.

Early life

NameMichael McCormack
Net Worth$10 million
Age57 years
Michael McCormack net worth 2022

Michael Francis McCormack was born on August 2, 1964 (age 57 years) in Wagga Wagga, New South Wales, Australia. He is one of five children born to Eileen Margaret Margosis (1938–2018) and Lance McCormack (d. 2008), a dryland farmer. His maternal grandfather, George Peter Margosis, was born in 1896 in Akrata, Greece; his other three grandparents were born in New South Wales. He had four siblings, Denise, Robyn, Julieanne and Mark. He grew up on the family farms in nearby Marrar and Brucedale. He attended St Michael’s Regional High School and Trinity Senior High School (later merged into Kildare Catholic College).

McCormack took up a cadetship at The Daily Advertiser, the local daily newspaper after leaving school. He was appointed editor of the paper in 1991, aged 27, making him reputedly the “youngest newspaper editor in Australia”. McCormack was sacked from The Daily Advertiser in February 2002. In response, “more than 20 journalists, photographers and other editorial staff” staged a 24-hour walkout.

He went on to sue the Riverina Media Group for unfair dismissal, and in 2003 settled out of court for an undisclosed amount. McCormack subsequently started his own media and publishing company, MSS Media Services and Solutions. He also served as a director of the Murrumbidgee Turf Club from 1994 to 2003, as well as its official historian.

Political career

Michael McCormack was campaign director for Kay Hull, the Nationals MP for Riverina, at the 2004 and 2007 federal elections. Hull announced her retirement from politics in April 2010, and McCormack subsequently won preselection for her seat at the 2010 election. The Liberals stood a candidate in Riverina for the first time since 1998, but that had little impact on the result, with the Nationals recording a 3.6-point positive swing on a two-party-preferred basis.

McCormack was made parliamentary secretary to the Minister for Finance, Mathias Cormann after the Coalition won the 2013 election. He was later appointed Assistant Minister to the Deputy Prime Minister, Warren Truss, in September 2015. In February 2016, he became Assistant Minister for Defence under Marise Payne.

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In July 2016, after the 2016 election, McCormack was appointed Minister for Small Business. In that capacity, he was responsible for the Australian Bureau of Statistics (ABS), which conducted the 2016 national census and the Australian Marriage Law Postal Survey during his tenure. He opposes same-sex marriage but voted in favour of the Marriage Amendment (Definition and Religious Freedoms) Act 2017 after promising to vote in line with the survey result in his constituency.

In a ministerial reshuffle in December 2017, McCormack was made Minister for Defence Personnel, Minister for Veterans’ Affairs, and Minister Assisting the Prime Minister for the Centenary of ANZAC, positions which had previously been held by Dan Tehan. When Warren Truss retired as leader of the National Party in February 2016, McCormack publicly contemplated standing as his replacement.

Michael McCormack eventually chose not to run for the leadership, allowing Barnaby Joyce to win the position unopposed. He did stand for the deputy leadership (which Joyce had vacated), but lost to Senator Fiona Nash reportedly by only a single vote. In December 2017, McCormack again contested the deputy leader of the National Party, which had been made vacant as a result of Fiona Nash’s disqualification from parliament. He was defeated by Bridget McKenzie, once again losing by only one vote.

Deputy Prime Minister

Michael McCormack announced that he would contest the resulting leadership vote following the resignation of Barnaby Joyce in February 2018. Several other MPs publicly endorsed him for the position, and the only other announced candidate, David Gillespie, withdrew his candidacy the day before the election. George Christensen launched a last-minute bid for the leadership but was defeated by McCormack, who succeeded Joyce as Deputy Prime Minister of Australia. He also replaced Joyce as Minister for Infrastructure and Transport.

McCormack was re-elected party leader unopposed after the Coalition won the 2019 federal election. On 4 February 2020, Joyce unsuccessfully challenged McCormack as leader of the Nationals. McCormack was removed as party leader on 21 June 2021 in a National Party leadership spill, with Barnaby Joyce taking over as the leader and McCormack returning to the backbench.


Michael McCormack published a controversial editorial in 1993 in which he blamed homosexuality for AIDS and criticized pride parades. He wrote that “a week never goes by anymore that homosexuals and their sordid behavior don’t become further entrenched in society, unfortunately, gays are here and, if the disease their unnatural acts helped spread doesn’t wipe out humanity, they’re here to stay”. He asked, “how can these people call for rights when they’re responsible for the greatest medical dilemma known to man – Acquired Immune Deficiency Syndrome?”

The article was the subject of three complaints to the Australian Press Council, though none was upheld. In further editorials from the same period, he said “I’m not sorry, why should I be?” about his views, and branded himself “homophobic”. McCormack subsequently wrote a second editorial apologizing for the first. His remarks resurfaced when he embarked on a career in politics, and he issued further apologies in 2010 and 2017, stating that he had “grown and learned not only to tolerate but to accept all people regardless of their sexual orientation or any other trait or feature which makes each of us different and unique”. Despite his apologies, the controversy resurfaced after he became Deputy Prime Minister (2018-2021).

In other editorials, Michael McCormack called for the return of caning in high schools, saying “there is nothing wrong, in my opinion, with students being given a ‘stinging reminder’ about how to conduct themselves”, compared women’s soccer to an “egg and spoon race”, and advocated the death penalty. When asked for comment by The Guardian, he said that “editorial views expressed more than 25 years ago in no way reflect how my views and community views have changed since publication as people get older and start families, and grow as members of their community it is completely reasonable their views change over time”.

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Michael McCormack was Acting Prime Minister in August 2019 while the Prime Minister, Scott Morrison, was at a Pacific Islands Forum. Morrison was being criticized by Pacific Islands leaders for Australia’s contribution to global warming and rising sea levels, which threatened their low-lying territories. McCormack assured an Australian audience: “They’ll continue to survive because many of their workers come here and pick our fruit”.

McCormack’s deputy leader Bridget McKenzie resigned her ministerial post in January 2020 after she admitted to having breached the ministerial code of conduct and widespread accusations of pork barrelling. It was subsequently revealed that the regional infrastructure grants program administered by McCormack in the months leading up to the 2019 federal election awarded 94 percent of its grants to electorates held or targeted by the Coalition.

In September 2020, McCormack was forced to backtrack an opinion attributing Victoria’s second COVID-19 outbreak to a Black Lives Matter protest in Melbourne as a panellist on the Q+A program. When he was told there was a lack of evidence regarding this by host Hamish Macdonald, McCormack stated that he’ll “accept that but people shouldn’t be protesting”. The Department of Health and Human Services (Victoria) had confirmed that no positive cases of COVID-19 came from the protest in June 2020, despite the fact that allowing the protest went against emergency health regulations in the state.

In January 2021, Michael McCormack was criticized for comparing the 2021 storming of the United States Capitol by supporters of Donald Trump to Black Lives Matter protesters saying, “Any form of protest, whether it’s a protest over racial riots or indeed what we’ve seen on Capitol Hill in recent days, is condemned and is abhorred.” McCormack’s statement was criticized by Amnesty International and the Opposition. A spokesperson for McCormack later said, “Any form of violence should be condemned.”


Michael McCormack is married to his wife Catherine Shaw, they had their wedding in 1986. He is a Roman Catholic and married his wife Catherine in Saint Michael’s Cathedral in Wagga Wagga. His wife is a private person and they have three children, Georgina McCormack, Alexander McCormack and Nicholas McCormack. However, in 1995, he became the owner of “the biggest collection of bound volumes of The Times anywhere in the world outside London”, acquiring 900 volumes from Charles Sturt University when it ran out of storage space.

Michael McCormack net worth

How much is Michael McCormack worth? Michael McCormack net worth is estimated at around $10 million. His main source of income is from his career as a politician. McCormack successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and influential politicians in Australia.