Read about Paul Broad net worth, age, wife, children, height, family, parents, salary and Snowy Hydro as well as other information you need to know.
Paul Broad is an Australian economist. He is best known for his management of government business departments. In 2011 he was appointed as the Chief Executive Officer of Infrastructure NSW. He is an advocate of user-pay pricing and has a philosophical commitment to involving the private sector.
|Net Worth||$10 million|
Paul Anthony Broad was born on April 8, 1951 (age 72 years) in Australia. He is the son of Australian parents and moved from the Central Coast to the Newcastle area in 1964. He attended high school at Hamilton Marist Brothers College. He received Honours and master’s degrees from Newcastle University in Economics. His honors thesis was on the perils of price control in the milk industry.
Paul Broad started his career in the Federal Treasury in Canberra in 1974. In 1978 he returned to Newcastle to complete a Master of Commerce (Economics). In 1979, he was appointed assistant director of the Industries Assistance Commission.
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Broad served as an economist for Hunter District Water Board in 1993 and move back to Newcastle. Also in 1993, he worked for Sydney Water. In 1997, he also worked with EnergyAustralia. In 2004, he diverted into Private business and was appointed as Managing Director of PowerTel.
In 2007, between the Merger with AAPT, Paul Broad was a spokesman for industry opposition to the National Broadband Network, saying “We’re having a massive income transfer from metro to the bush. Now that may be a good thing but don’t hide it in the price.”
In 2011, Paul Broad was appointed Chief Executive Officer of Infrastructure NSW ($500,000 salary – highest paid bureaucrat in NSW History). As of 2011, he is a director of Kuth Energy.
Paul Broad was appointed Chief Executive of Snowy Hydro in 2013. Between 2019-2020, As CEO of Snowy Hydro, he received over $2 million in salary and bonuses. He resigned as CEO of Snowy Hydro in 2022.
Broad is an advocate of user-pays pricing, and champions the power of the market. This led to substantial pricing changes at Hunter Water and consequently, demand dropped by 30 percent. When Chief Executive of Energy Australia, prices increased by 5.3% in 2004, which the opposition claimed would hit lower-income families hard.
He is also philosophically committed to the involvement of the private sector, and in his role as the head of Infrastructure NSW has been reported to support rail privatization, congestion charges, and expanded tollways.
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His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential economists in Australia. He stands at an appealing height of 1.83m and has a good body weight which suits his personality.
Paul Broad wife
Paul Broad is married to her second wife Genevieve Broad. Paul and his wife had their wedding in Australia. The couple have two children. He is a keen surfer starting as a teenager and continuing into middle age. As of April 2023, Paul Broad and his wife Genevieve are still married.
Paul Broad net worth
How much is Paul Broad worth? Paul Broad net worth is estimated at around $10 million. His main source of income is from his primary work as a former business executive and economist. Paul Broad’s salary per month and other career earnings are over $500,000 dollars annually.