Kwasi Kwarteng is a name that made headlines in the UK, especially when he became Chancellor of the Exchequer in 2022. His bold economic decisions, short time in office, and background as one of the most educated MPs in Parliament caught the public’s attention. But aside from politics, many people now wonder: How much is Kwasi Kwarteng really worth in 2025?
In this article, we’ll look at everything you want to know about Kwasi Kwarteng’s net worth—his income, salary, property, books, career, and even some surprising facts. Whether you’re just curious or following UK politics closely, this easy-to-read guide will break it all down for you.
Who Is Kwasi Kwarteng?
Kwasi Kwarteng is a British politician and writer. He became very well-known in 2022 when he was chosen as Chancellor of the Exchequer by then-Prime Minister Liz Truss. He made history by becoming the UK’s first Black Chancellor.
But his journey started long before politics. He was born in London in 1975 to Ghanaian parents who moved to the UK as students. His father worked as an economist, and his mother was a barrister. They raised him with strong values around education, discipline, and hard work.
Today, he is seen as a smart and sometimes bold political figure. Even after stepping away from government, people still talk about his impact—and his money.
Kwasi Kwarteng’s Education and Early Career
Kwarteng’s education is impressive. He studied at Eton College, one of the most elite schools in the UK. After that, he went to Trinity College, Cambridge, where he earned a double-first in history and classics. He also won quiz shows and top academic prizes during his studies.
That’s not all. He later went to Harvard University as a Kennedy Scholar and then returned to Cambridge to complete a PhD in economic history. This background helped him understand big money matters and economics early on.
Before politics, he worked in finance. He was a financial analyst and also wrote a few books about the British Empire and economics. This part of his career gave him a good start with earnings and experience, which later added to his overall net worth.
Political Journey to the Top
Kwarteng entered politics in 2010 when he became the Member of Parliament (MP) for Spelthorne. From the start, he was seen as smart and confident. Over time, he moved up in the Conservative Party, taking on more important roles.
By 2021, he was appointed Secretary of State for Business, Energy, and Industrial Strategy. This position made him one of the key voices in economic policy. A year later, in September 2022, Liz Truss picked him to be Chancellor of the Exchequer.
This was a huge moment for Kwarteng—and for British politics. As Chancellor, he was in charge of the UK’s money, tax decisions, and national budget.
When Did He Become Chancellor of the Exchequer?
Kwasi Kwarteng became Chancellor on 6 September 2022. This made him the most powerful voice in the UK government when it came to financial matters. He was also the first Black person in British history to hold this role.
But things didn’t go as planned.
He introduced what many called a “mini-budget,” which aimed to cut taxes quickly. While the plan was bold, it caused a lot of confusion in the markets. The value of the British pound dropped, interest rates went up, and there was backlash from both experts and politicians.
Just 38 days after his appointment, he was removed from his role. Even though his time was short, people still remember his ideas—and the chaos that followed.
What Was Kwasi Kwarteng’s Salary in Government?
In 2022, Kwasi Kwarteng received two government salaries:
That gave him a total annual salary of about £155,817 that year.
This amount was higher than most UK workers earn, but it was normal for someone in his position. His role came with big responsibilities, and his decisions could affect the entire UK economy.
Of course, this wasn’t his only source of income. Kwarteng also made money from other jobs, which we’ll talk about soon.
Kwasi Kwarteng Net Worth in 2025
Now let’s talk about the big question: How much is Kwasi Kwarteng worth in 2025?
According to trusted sources, his estimated net worth is between £800,000 and £1.5 million. This range is based on his salaries, book sales, consulting work, property, and other income from public appearances.
There’s no official number because politicians don’t always share every detail about their money. But most experts agree that Kwasi Kwarteng’s net worth is somewhere in the middle of that range.
Compared to other UK politicians, his net worth is considered modest. For example, former Chancellor Rishi Sunak and his wife are worth over £700 million, mostly due to family business wealth. So while Kwarteng is wealthy by regular standards, he’s not in the ultra-rich club.
What Are His Sources of Income?
Kwasi Kwarteng’s money doesn’t only come from his salary. He has had many other ways to earn over the years, including:
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Book royalties – He’s written books like Ghosts of Empire and War and Gold, which sell well
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Paid speaking gigs – He’s been invited to talk at events and has been paid for interviews
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Side work – In 2019, he earned £10,575 from jobs outside Parliament, such as writing reviews
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Media work – He received £1,800 from the BBC for a Radio 4 show and panel appearances
He has said that doing outside work helps MPs stay in touch with real life. He believes that stopping all side jobs would create a bigger gap between politicians and the public.
All of these extra earnings helped grow his net worth over time—and made him more than just a government employee.
Properties and Assets Owned by Kwarteng
When it comes to property, Kwasi Kwarteng owns at least one known home in Bayswater, London. Bayswater is a central and expensive area, close to Hyde Park and Notting Hill. Owning a home there adds real value to his net worth.
This house is believed to be his main residence. While we don’t have exact numbers, homes in that area usually cost over £1 million, depending on size and style. This property is likely one of his biggest assets.
Aside from that, there’s no public record of him owning other homes, cars, or luxury items. He keeps his life quite private and doesn’t show off. His lifestyle seems calm and simple compared to many rich public figures.
His Extra Earnings and Side Jobs
Kwasi Kwarteng has always believed MPs should stay connected to real life—and that means working outside politics when possible. Over the years, he’s taken on a few side jobs that gave him extra income.
For example, in 2019, he made over £10,000 doing things like book reviews, interviews, and giving talks. He even earned £1,800 from the BBC for presenting a Radio 4 program and joining a panel.
These side jobs were legal and listed in official documents. Kwarteng defended this extra work, saying it helped him stay grounded and aware of the real working world. These small but steady payments helped boost his net worth in a natural way.
Personal Life and Family Wealth
In 2019, Kwasi Kwarteng married Harriet Edwards, a solicitor. They had a daughter named Ida in October 2021. While he sometimes speaks about his family, he keeps them out of the spotlight. You won’t find many public photos or interviews about them.
Harriet has a strong career of her own. She studied at Cheltenham Ladies’ College and Trinity College, Dublin. She worked for UBS in New York and also spent time at Christie’s auction house in Geneva.
Their combined backgrounds in law, finance, and politics likely bring in a comfortable family income. But again, they seem to prefer a private and balanced life rather than chasing headlines or showing off wealth.
What Is He Doing After Politics?
After stepping away from politics in 2024, Kwarteng didn’t disappear. Instead, he moved into the business world. He now works as a global advisor for Fortescue Future Industries, a company focused on clean energy.
This new role fits well with his past work in business and energy. It also gives him new ways to earn through consulting, board memberships, and speaking events. He may not be in Parliament anymore, but he still uses his skills in smart ways.
On top of that, he continues to appear in media and at international events. His knowledge of history, finance, and economics keeps him in demand. These activities likely add steady income to his portfolio—quietly growing his net worth over time.
How Does His Net Worth Compare to Other UK Politicians?
Compared to most UK citizens, Kwasi Kwarteng’s net worth is quite high. But compared to other politicians, it’s not the biggest. For example:
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Rishi Sunak and his wife are worth over £700 million.
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Some MPs from wealthy families or business backgrounds also have multi-million-pound assets.
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Kwarteng, with an estimated £800,000 to £1.5 million, sits in the middle.
He’s definitely comfortable, but not ultra-rich. His money comes from hard work, not inheritance or massive business empires. That’s something many people find relatable.
Final Thoughts
So, how rich is Kwasi Kwarteng in 2025?
He’s wealthy, but in a smart and steady way. His net worth, likely around £1 million, comes from years of public service, writing, consulting, and careful choices—not flashy deals or fame.
His story is about education, hard work, and rising through the ranks. He’s made bold moves and taken risks, some of which didn’t always go well. But he stayed focused and kept moving forward.
Even though he’s no longer in government, Kwasi Kwarteng continues to shape conversations in politics, business, and energy. His journey—and his net worth—show that success comes in many forms.
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