David Cameron's estimated net worth is $47.5 million.
Cameron is a former politician who is now a businessman, lobbyist, and author. He served as the Prime Minister of the UK between 2010 and 2016 and was the leader of the Conservative Party from 2005 to 2016 when he left politics and began a career in the private and charity sectors.
Today, he sits on several boards, provides consultation services, and is a world-renowned public speaker. He has also published several books.
Early life
David William Donald Cameron was born on 9th October 1966 in Marylebone, London, England into a wealthy family with aristocratic roots. He is a descendant of King William IV.
His father, Ian Donald Cameron was a barrister, and his mother, Mary Fleur was a Justice of the Peace. She is the daughter of Sir William Mount who was the 2nd Baronet of Wasing in Berkshire.
Education
Cameron was largely educated in the private sector. At the age of 7, he was sent to Heatherdown Preparatory School in Winkfield, Berkshire. There he excelled and was enrolled in the school´s top academic class nearly two years early.
From there, he went to Eton College, where he secured 12 O-levels and 3 A-levels. He then attended Brasenose College, Oxford. There he became a member of the Bullingdon Club alongside Boris Johnson, another UK Prime Minister.
In 1988, he graduated with a first-class honors BA degree in philosophy, politics, and economics. His degree was later upgraded to a MA.
How did David Cameron build his net worth?
During his gap year, Cameron worked as a researcher for the Conservative MP Tim Rathbone, who was also his godfather. Later, he worked briefly for his father as a “ship jumper” for Jardine Matheson in Hong Kong.
When he graduated in 1988, he joined the Conservative Research Department, where he stayed for 9 years. There, he climbed the ranks to become a Special Advisor to Norman Lamont, the then Chancellor of the Exchequer.
In 1994, he headed up Corporate Affairs at Carlton Communications. Until he was elected to parliament in 2001 as the MP for Witney. At the time, MPs were paid £49,822 per annum, plus expenses. He also continued to work for Carlton, but as a consultant rather than a direct employee.
Around the same time, he became a non-executive director of Urbium PLC. To give you some idea of how much he was paid in that role, UK non-execs who work for PLCs in 2022 are paid between £25,000 and £40,000.
By the time he left politics, in 2016, his MP´s salary had risen to £74,962. In addition, while serving as Prime Minister he was entitled to a salary of £198,661, but he never claimed the full amount. During his 6 years as Prime Minister, David Cameron was paid between £142,500 and £150,402.
Today, he is the president of Alzheimer’s Research UK, the vice of the UK-China Fund, the chairman of Afiniti, and the National Citizen Service´s board of patrons. He also takes on public speaking roles via the Washington Speakers Bureau for which he is paid around £120,000 per hour.
In 2016, he set up a company called the Office of David Cameron to manage his media and speaking engagements. By 2018, the company had net assets of £790,274 — a sum that would have risen considerably when he was paid £800,000 for his memoirs.
Both David and his wife are from wealthy families, so it is reasonable to assume that some of his net worth has been inherited.
When his father Ian died, David´s share of his estate was £300,000. He had also invested in his father`s $20 million offshore investment fund, called Panamanian Blairmore Holdings. Just before becoming Prime Minister, David sold his shares for £31,500, which netted him a profit of £19,000. In 2016, when the Panama Papers revealed this investment, he was heavily criticized for investing in this way.
FAQs
Is David Cameron a millionaire?
Yes, David Cameron is a millionaire based on his estimated net worth.
Was David Cameron born rich?
Yes, David Cameron was born into a wealthy family and has grown his own net worth through inheritance.
