Jeremy Corbyn Net Worth
English politician Jeremy Corbyn is the Leader of the Labour Party. This self proclaimed socialist leads modest life, drives bike to work and lives in a small house but how rich he really is? As of 2016, Corbyn’s total net worth is estimated to be about £800 thousand.
Corbyn studied at Castle House Preparatory School and Adams’ Grammar School. After that he was pursuing college degree at the North London Polytechnic but he dropped out before the graduation. His political career dates back to early 80’s.
His annual salary is about £125 thousand after you combine income from his various functions. Corbyn grew up in large seven bedroom manor in Shrobshire. Although today he lives in much smaller real estate, due to high housing prices in London area even his modest Islington home is worth approximately £650 thousand. He can be seen in the neighborhood driving on his old bike.
In 2009, when British politics was hit with high parliamentary expenses scandal, Corbyn ranked as an MP with lowest expenses of all. Corbyn consistently promotes higher income tax for the richest. Instead of making spending cuts, he suggests state-run investments to boost the economy. Such expenses would be financed by issuing new bonds.
