Michael McGrath Net Worth 2023, Age, Salary, Family, Parents, Height,

Michael McGrath net worth

Read about Michael McGrath net worth, age, wife, children, height, family, parents, salary, and party as well as other information you need to know.


Michael McGrath is an Irish Fianna Fáil politician. He has been the Minister of Finance since December 2022. He previously served as Minister for Public Expenditure and Reform from 2020 to 2022. He has been a Teachta Dála (TD) for the Cork South-Central constituency since 2007.

Early life

NameMichael McGrath
Net Worth$5 million
Age46 years
Michael McGrath net worth

Michael McGrath was born on August 23, 1976 (age 46 years) in Cork, Ireland. He studied commerce at University College Cork and later qualified as a chartered accountant. His parents are described as having been non-political.

Political career

Michael McGrath was a member of Passage West Town Council from 1999 to 2007, and a member of Cork County Council for the Carrigaline local electoral area from 2004 to 2007. McGrath was first elected to the Dáil in 2007, and subsequently, he co-oped his brother Séamus to his county council seat. Séamus would, reportedly, become McGrath’s closest political confidant.

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McGrath was one of the few Fianna Fáil TDs to survive their disastrous performance in the 2011 general election. In the aftermath, McGrath became the Opposition Spokesperson on Public Expenditure and Financial Sector Reform, but also held the role of Spokesperson for Finance following the death of Brian Lenihan in June 2011.

He represented Fianna Fáil in the Oireachtas delegation that met the Bundestag’s Budgetary and European Affairs committees, in Berlin in late January 2012. He represented Fianna Fáil in talks on government formation in 2016 and 2020.

At the 2020 general election, McGrath outpolled his party leader Micheál Martin, with whom he shares a constituency. In June 2020, following the formation of a coalition government between Fianna Fáil, Fine Gael and the Green Party, McGrath was appointed as Minister for Public Expenditure and Reform.

Michael McGrath became Minister for Finance on 17 December 2022 as part of a cabinet reshuffle when Leo Varadkar succeeded Micheál Martin as Taoiseach as agreed in the coalition deal between Fianna Fáil, Fine Gael and the Green Party.

McGrath has been described as being on the right wing of Fianna Fáil and as conservative, both socially and economically. A father of seven children by the time he was 41, McGrath was starkly opposed to the legalization of abortion in the Republic of Ireland when it was put to a referendum in 2016.

He has opposed calls from within his own party to increase social welfare allowances and has been called a proponent of economic orthodoxy. A chartered accountant, McGrath has been described as “technocratic” and likened to a civil servant in his approach to politics.

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His grasp of economics, as well as his attention to detail, have been praised as his strong points. As of 2022, many political commentators in Ireland have suggested that McGrath is a potent contender for the leadership of Fianna Fáil the next time the position comes up for contention. Michael McGrath stands at an appealing height of 1.83m and has a good body weight which suits his personality.


Michael McGrath is a married man with seven children.

Michael McGrath net worth

How much is Michael McGrath worth? Michael McGrath net worth is estimated at around $5 million. His main source of income is from his primary work as a politician. Michael McGrath’s salary per month and other career earnings are over $400,000 dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential politicians in Ireland.

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