Malcolm Turnbull Net Worth | Career, Professional & Personal Life

Do you know who is Malcolm Turnbull? If not, let us introduce you to this great personality. Malcolm Bligh Turnbull is a former 29th prime minister of Australia, a great businessman, a Barrister, and an author. He is particularly known for his business and leadership skills. All these collectively made Malcolm Turnbull net worth.

Malcolm's journey of struggle is filled with challenges and significant achievements. During his political era, he faced many controversies over his courageous decisions.

If you are still reading, you want to know about Malcolm Turnbull's net worth and how he made such remarkable achievements. In this blog, you'll learn everything you should know about Malcolm. Let's explore!

Malcolm Turnbull Net Worth

Turnbull faced many challenges. He dealt with them with great struggle and made his name. As Prime Minister of Australia, he earned much of his fame and net worth.

Overall, Malcolm Turnbull net worth is about $200 million. This includes all his Careers: two decades as a journalist, banker, venture capitalist, lawyer, politician, and author.

Malcolm adopted multiple sources of income, which generated handsome revenue for him. Let's break down his path to success.

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Malcolm Turnbull Early Life

Malcolm was born on October 24, 1954, in Sydney, New South Wales, Australia. His father, Bruce Bligh Turnbull, was a hotel broker and representative, while his mother, Coral Magnolia Lansbury, was a writer and a radio actor. He is his parents' only child.

Both Malcolm's parents did not have a good marriage relationship. They lived together for him, but later, Coral left his husband and went to New Zealand. His father brought him up alone, and he had asthma from his early life.

Turnbull was of Scottish descent, and his middle name," Bligh," has been a tradition for generations.

Malcolm Turnbull education was primarily at Vaucluse Public School, and then he was sent to a boarding school in St Ives. He reported that he hated boarding school as he was bullied there.

Bruce was a single father, so he did not have enough money to pay Turnbull's education dues. So, Bruce left his house in Vauclus and bought a small flat in Double Bay. 

Young Malcolm Turnbull again started his studies there. From the beginning, he was an intelligent student who excelled in Greek, History, and English. He graduated with an Arts in Political Science from the University of Sydney in 1997 and did his bachelor of law the following year.

Malcolm has been involved in student politics since his university education and worked as a part-time journalist for various TV channels.

Later, he studied for a business degree for some time but soon left it and went to Oxford to get a degree as a barrister.

Career

Turnbull has played multiple roles throughout his life. After becoming a barrister, he pursued many other careers, such as journalist, investment banker, and politician. The following are some highlights of his career.

Law Firm

Bruce McWilliam and Turnbull established a law firm in partnership. He defended Peter Wright in his book Spycatcher Trial.

Before choosing law as his professional degree, he gained experience and prominence as a journalist by defending Wright in the Spycatcher trial. This case was widely spread and made Turnbull a public figure in Australia. Due to this fame, he succeeded in selling over 2 million copies in Australia.

Business Ventures

Malcolm co-founded an investment banking firm with Nevile Warn, which remained functional until 1997. Then he joined:

• Goldman Sachs Australia in 1997.
• In 1993, Star Technology Systems till 1995.
• Became chairman of Axiom Forest Resources
• In 1994, a stake in OzEmail was purchased and sold after several months, generating $57 million.

Politics

Turnbull entered politics in 2004 and became leader of the opposition in 2008. In 2015, he challenged Tony Abbot for leadership and became prime minister from 2015 to 2018. Initially, he faced many challenges and lost the elections, but he constantly kept applying and eventually defeated Abbott by 54 votes. Melcolm became the 29th prime minister of Australia. This success was the fruit of his hard work and commitment. However, during his whole ministership, he faced a lot of controversies and fearlessly shared his stance on any matter.

Along with all these challenges, Turnbull gained fame as an influential figure. He ruled until 2018, and his tenure was considered the Best-debated period.

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Achievements

Following are the achievements of Turnbull that he gained during his rule as a prime minister.

• Reform in the field of technology, Climate change, Trading
• National innovation and science agenda
• Australia's free trade agreements
• Same-gender marriage bill
• LGBTQ+ rights in Australia

Malcolm Turnbull Peter Dutton are on opposite parties. The leadership party faced some crises, and Peter removed Turnbull as prime minister in 2018.

Recent Insights

Malcolm is still working for the welfare of common people and for Australia. He is still publicly active and talks about various issues related to climate change. He criticized the local government for not taking any important action against this significant matter. 

Turnbull also has a strong presence on social media, and he remains connected with common people.

Authorship

Malcolm Turnbull books are four in number. He wrote these books at different times in his life. His books are The Spycatcher Trial, The Reluctant Republic, Fighting for the Republic, and A Bigger Picture, which were released in 1988, 1993, 1999, and 2020, respectively.

Malcolm Turnbull Personal Life

Lucy Turnable is Malcolm wife. This gorgeous couple tied the knot on 22 March 1980 at Cumnor. Malcolm Turnbull son is Alex, and his daughter is Daisy. He also has three grandchildren.

Turnbull initially was a Presbyterian and later on converted to Roman Catholicism.

Frequently Asked Questions

Where does Malcolm Turnbull live?

Turnbull currently lives in Australia.

How did Malcolm Turnbull make his money?

Malcolm made his wealth from different sources. He was a barrister, politician, author, and investment banker.

How long was Malcolm Turnbull prime minister?

He reminds the prime minister of 3 years from 2015 to 2018.