Home NET WORTH Nadhim Zahawi Net Worth 2022, Age, Wife, Children, Height, Family, Parents, Salary

Nadhim Zahawi Net Worth 2022, Age, Wife, Children, Height, Family, Parents, Salary

Nadhim Zahawi

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

Introduction

Nadhim Zahawi is an Iraqi-born Kurdish-British politician serving as Chancellor of the Exchequer since 5 July 2022. A member of the Conservative Party, he has been a Member of Parliament (MP) for Stratford-on-Avon since 2010. He was Secretary of State for Education from 2021 to 2022 and Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment from 2020 to 2021 in the Second Johnson ministry.

Zahawi was co-founder of the international Internet-based market research firm YouGov of which he was chief executive until February 2010. A chemical engineer in his earlier career, he was chief strategy officer for Gulf Keystone Petroleum until January 2018. After the retirement of previous Conservative MP John Maples, he was elected for Stratford-upon-Avon at the 2010 general election. He joined Theresa May’s government as Parliamentary Under-Secretary of State for Children and Families in the 2018 cabinet reshuffle.

He was appointed Parliamentary Under-Secretary of State for Business and Industry following Boris Johnson’s appointment as Prime Minister and in 2020 he was given additional responsibility for the COVID-19 vaccination programme as Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment. In the 2021 cabinet reshuffle, he was promoted to Johnson’s cabinet as Secretary of State for Education. On 5 July 2022, he became the Chancellor of the Exchequer after the resignation of Rishi Sunak. Less than 48 hours later, Zahawi withdrew his support for Johnson and publicly called on him to resign, which Johnson did shortly afterward.

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Early life

NameNadhim Zahawi
Net Worth$20 million
Salary$1.5 million
OccupationPolitician
Age55 years
Height1.73m
Nadhim Zahawi net worth 2022

Nadhim Zahawi was born on June 2, 1967 (age 55 years) in Baghdad, Iraq. He is the son of a Kurdish family. When he was eleven years old, during Saddam Hussein’s early years in power, he and his family fled to the UK. Zahawi was educated at Holland Park School, before moving to Ibstock Place School and then at King’s College School, an independent school in Wimbledon, London, followed by University College, London, where he studied chemical engineering, earning a bachelor’s degree.

Career

Nadhim Zahawi co-founded YouGov in 2000 with Stephan Shakespeare, a former spokesman for Jeffrey Archer following a career as European Marketing Director for Smith & Brooks Ltd. Zahawi was YouGov’s CEO from 2005 to 2010. In 2008, Zahawi became a non-executive director of SThree, a specialist staffing organization. He was paid £2,917 per month in 2014. He stepped down from the role in October 2017 but maintained more than £70,000 in company shares until April 2021.

Zahawi joined Gulf Keystone Petroleum, an oil and gas exploration and production company in 2015, as a part-time chief strategy officer. From 2015 to 2018, he was paid £1.3 million by the company. Zahawi’s various roles resulted in his reportedly being the second highest-earning MP in the UK as of 2017.

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The Guardian reported in early 2017 that Zahawi had spent £25m buying property around London, for both personal and commercial use. Zahawi said in response that “My first priority, before anything else, is my constituency work and I would never, or have never, let anything get in the way of this.” By 2021, it was reported that Zahawi or his wife owned £100 million in property, including an industrial estate, three properties in London, a country house with stables in Warwickshire and a property in Dubai.

In November 2013, it was reported by the Birmingham Mail newspaper that in May 2011 (one year after he became an MP) Nadhim Zahawi used as a mortgage lender Berkford Investments Limited, based in the low-tax British overseas territory of Gibraltar, to finance the purchase of his constituency home ‘Oakland’ riding stables estate (worth at the time £875,000) in Upper Tysoe, near Stratford-upon-Avon, in Warwickshire.

Berkford Investments Limited is managed by T&T Management Services Limited, whose services include wealth management services. Zahawi responded to the news story by saying: “I did pay stamp duty on my property in Tysoe and have always paid stamp duty on my property purchases. I fully support the 2012 budget and all budgets of this government. I purchased my property in Tysoe with a mortgage from a Gibraltar company. This fact and the details involved are fully declared on the Land Registry and to suggest it is in any way hidden would be factually incorrect. Equally, to suggest that in any way I am using offshore to reduce my tax burden is entirely incorrect.”

Political career

Nadhim Zahawi and fellow British-Kurd Broosk Saib were aides in 1991 to Jeffrey Archer during Archer’s controversial “Simple Truth” campaign to help Kurdish victims of the Gulf War. Zahawi and Saib were nicknamed “Lemon kurd” and “Bean kurd” by Archer. In 1994 Archer helped campaign for Zahawi for a seat on Wandsworth council. Zahawi also ran Archer’s unsuccessful campaign for Mayor of London in 1998. Zahawi was elected as a Conservative councillor in Putney in the London Borough of Wandsworth, serving three terms from 1994 to 2006, and stood as a parliamentary candidate at Erith and Thamesmead in 1997, coming second to Labour.

Zahawi was selected by the local Conservative association for Stratford-on-Avon as a prospective parliamentary candidate in the 2010 general election and he was elected. He was subsequently re-elected in 2015, 2017 and 2019. In October 2013, he became a member of the Number 10 Policy Unit. Later in October, Zahawi and fellow member of the Business, Innovation and Skills Committee interviewed Lazard, the Government’s independent adviser on the sale of Royal Mail. Shares quickly rose to £5 following flotation at £3.30 and the Financial Times claimed that two investment banks had warned that it was underpriced.

He is vice-chair of the All-Party Parliamentary Group (APPG) on the Kurdistan Region in Iraq, which receives secretarial support from Gulf Keystone Petroleum International, an oil company of which Zahawi was Chief Strategy Officer. Concerns have been raised about how MPs’ independence might be compromised by such links between APPGs and private companies, and specifically about how Zahawi’s connections with the oil industry affect his role as MP. Zahawi has been co-chair or vice-chair of this APPG since it was established in 2008/9, alongside other MPs including Meg Munn and Jason McCartney.

During the time he was on the Foreign Affairs Select Committee he was also chairman of the secretive trans-Atlantic group Le Cercle but did not declare his membership. In 2019 a member of his staff was listed as an administrator of Le Cercle in the Parliamentary Register of interests. In January 2016, the Labour Party unsuccessfully proposed an amendment in Parliament that would have required private landlords to make their homes “fit for human habitation”.

According to Parliament’s register of interests, Zahawi was one of 72 Conservative MPs who voted against the amendment who derived an income from renting out property. The Conservative government responded to the amendment that they believed homes should be fit for human habitation but did not want to pass the new law that would explicitly require it. He backed Britain’s withdrawal from the European Union, arguing that the European Union will never be willing to change its rules and that the United Kingdom should take back control over a variety of issues.

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Following the 2018 cabinet reshuffle, Nadhim Zahawi was appointed by Theresa May as Parliamentary Under-Secretary of State at the Department for Education. On 26 July 2019, he was appointed Parliamentary Under-Secretary of State for Industry by new Prime Minister Boris Johnson. In October 2020, Zahawi was accused by Labour MP Tulip Siddiq of misleadingly suggesting that research from a holiday food and activities club pilot scheme had shown parents “actually prefer to pay a modest amount, £1 or £2”, instead of receiving free school meals, in a debate over extending free school meals during school holidays.

Nadhim Zahawi became the first Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment in November 2020. In December 2020, Zahawi stated that over 137,000 people in the UK had received a coronavirus vaccine in the first week of the UK’s vaccination programme, with Zahawi describing it as a “really good start”. A 90-year-old woman from the UK became the first person in the world to be given the Pfizer COVID-19 vaccine on 8 December 2020. On 14 February 2021, Zahawi said that at least 15 million people in the UK had had their first COVID-19 vaccine.

Zahawi said in February 2021 that there were no plans to introduce vaccine passports to travel abroad, describing them as “discriminatory”. He said people could talk to their doctor if they needed to write evidence to travel. In July 2021, the government announced plans to introduce domestic COVID-19 vaccine passports from September as a condition of entry to nightclubs and some other venues with large crowds. On 15 September 2021, Zahawi became Secretary of State for Education in a cabinet reshuffle, replacing Gavin Williamson.

During the COP26 conference in 2021, Zahawi announced a youth award scheme to tackle climate change, similar to The Duke of Edinburgh’s Awards. Pupils will be encouraged to boost the biodiversity of their schools by taking initiatives such as erecting bird feeders. Young people will be given a new Climate Leader’s Award for any positive work on protecting the environment, with a nationwide ceremony held each year.

Nadhim Zahawi has been drawing up guidance on how to accommodate pupils with gender dysphoria with input from Suella Braverman, the attorney-general. He suggested that schools could allow, for example, children to use lavatories and changing facilities of their gender identity if it differs from their assigned sex only when they are not in use by others. Braverman, however, disagrees with the idea.

Zahawi has also criticized a school where a cisgender female pupil had critically questioned a speaker after a talk on transphobia in October 2021. The girl was later subjected to swearing and spitting by her peers and had to leave the school, which is a Stonewall diversity champion, without completing her A-levels. Zahawi has called the incident “hugely concerning” and “unacceptable”.

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He was promoted to Chancellor of the Exchequer on 5 July 2022 following the resignation of Rishi Sunak earlier that day. The following day, members of the Cabinet, including Zahawi and Home Secretary Priti Patel, had gathered inside 10 Downing Street to call on Johnson to resign. Zahawi called for Johnson’s resignation in the morning of 7 July 2022, despite previously supporting Johnson and accepting an appointment as Chancellor less than 48 hours earlier.

Nadhim Zahawi claimed for 2012/13 a total of £170,234 in expenses, ranking him the 130th highest out of 650 MPs. He explained in his local newspaper Stratford Herald that the “vast bulk” of his expenses was on staffing costs. However, in November 2013, Zahawi “apologized unreservedly” after The Sunday Mirror reported that he had claimed £5,822 expenses for electricity for his riding school stables and a yard manager’s mobile home.

Zahawi said the mistake arose because he received a single bill covering both a meter in the stables and one in his house and that he would repay the entire claim, even though the actual overcharge was £4,000. An article in The Independent also drew attention to the large number of legitimate items on Zahawi’s expenses.

US travel ban

Following then US President Donald Trump’s executive order that banned travellers from a number of Muslim majority countries, Zahawi reported that, despite being a British citizen, he was unable to enter the United States, as he was born in Iraq. The ban also affected his wife. According to a media report, this prevented Zahawi from visiting his children attending university in the US.

Zahawi spoke out against the policy and urged that the UK should not turn a blind eye to it. He also argued that the travel ban, and Prime Minister, Theresa May’s failure to condemn it, only fuelled support for Islamic State in Iraq and other countries.

Attendance at a Presidents Club charity dinner

In late January 2018, it was reported in the media that Nadhim Zahawi was one of the attendees at a men-only dinner event organized by the President’s Club at the Dorchester Hotel in London. Media reports alleged that female hostesses were subjected to sexual harassment and incidents of groping and inappropriate touching. Following the revelations of his attendance at the event, Zahawi posted a tweet condemning such behaviour and stated that he felt uncomfortable at what he saw happening.

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Nadhim Zahawi has also stated that he will never attend such a men-only event again. In response, opposition politicians, including the Shadow Secretary of State for Education, Angela Rayner, called for Zahawi to step down from his position as Parliamentary Under-Secretary in the Department of Education as he did not report his concerns about unlawful behaviour at the event to the police and because he had attended the event before on several occasions.

Wife

Nadhim Zahawi is married to Lana Zahawi, they had their wedding in 2004. His wife is a private businessperson and they have three children. A keen rider and show jumper, Zahawi and his wife Lana own and run a riding school. He is a member of the private members’ club Soho House. Zahawi was sworn in as a member of Her Majesty’s Most Honourable Privy Council on 20 September 2021 at Balmoral Castle. This gave him the honorific prefix “The Right Honourable” for Life. As of mid-2022, Nadhim Zahawi and his wife Lana Zahawi are still married and are living a happy life with their children.

Nadhim Zahawi net worth

How much is Nadhim Zahawi worth? Nadhim Zahawi net worth is estimated at around $20 million. His main source of income is from his career as a politician and businessman. Zahawi salary per month and other career earnings are over $1.5 million annually. He is one of the richest and most influential politicians in the United Kingdom. Zahawi stands at an appealing height of 1.73m and has a good body weight which suits his personality.

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