Taib Mahmud net worth is in the six figures. Let’s explore more about Malaysian politicians’ career earnings and salaries in this article.
Taib Mahmud is a well-known Malaysian politician working as the th Yang di-Pertua Negeri of Sarawak.
He has been taking the position since March 2014. Apart from that, Mahmud has also taken other government roles that have helped him gain broad experience.
From March 1981 to February 2014, Mahmud was the 4th Chief Minister of Sarawak. In addition to that, he also worked as President of the Parti Pesaka Bumiputera Bersatu.
Furthermore, Taib was a Member of the Malaysian Parliament for Kota Samarahan from 1970 to 2008.
Apart from his professional career, Mahmud often gets into media prominence for his financial details, as people have been eager to know about his fortune.
Taib Mahmud Net Worth In 2024
Reportedly, Taib Mahmud is a billionaire, but none of the outlets have shared his net worth details. However, in September 2012, Bruno Manser Fonds revealed that Mahmud had a net worth of at least $15 billion (USD).
Taib has earned most of his gains from his political career, but his massive wealth has gained huge public attention.
Due to his massive wealth, the United Kingdom, Switzerland, and Germany have also opened investigations.
It has also been said that the Taib clan has over 400 companies around the world.
The Taib family’s business outfits, particularly its flagship company Cahya Mata Sarawak (CMS), have also helped by untendered public deals worth hundreds of millions of U.S. dollars.
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Taib Mahmud Career Earning and Salary Explored
Taib Mahmud has remained active in the Malaysian political scene for a long time, and his career earning is pretty impressive. He has earned huge money from serving in various government roles.
He is currently serving as the Yang di-Pertua Negeri of Sarawak. So, Mahmud must be taking home a fair salary from his position.
A report that claimed Mahmud’s net worth was $15 billion also gave more details about his fortune.
Mahmud used his position as head-of-state to build up great amounts of wealth by operating his family or political nominees to run the state’s logging, agriculture, and construction ventures.
The Taib family has also built an empire in many places of the world, including 22 companies in Australia, nine in Canada, and six in the U.S. So, from these companies, Mahmud has surely earned a massive amount of cash.
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Taib Mahmud Career and Achievements
Taib Mahmud has been working in the political sector for a long time. He worked in the Crown Council from 1962 to 1963.
After that, he was persuaded by his uncle to take part in the formation of the Barisan Ra’ayat Jati Sarawak party.
Mahmud resigned from his position in Crown Council and took the post of vice-chairman of BARJASA in 1963. After that, his political career kicked off.
In the 1963 local council elections, Taib’s party won only 44 out of 429 seats. Gradually, Mahmud began getting more offers, and his career was rising in a good way.
He became a Member of the Sarawak State Assembly for Asajaya from 1987 to 2001.
Also, Taib became the 4th Chief Minister of Sarawak from March 26, 1981, to February 28, 2014.
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