The world's highest paid leader is set for a 64% pay rise. Here's how others compare

Key Points:

• Singapore's Prime Minister Lawrence Wong announced an increase in ministerial salaries after 15 years, raising his annual pay package to 3.6 million Singapore dollars ($2.85 million), up from SG$2.2 million.
• Wong pledged to donate his entire salary increase to charity for five years, assuming he remains in office, highlighting the significant pay gap between Singapore's leader and other world leaders, with his salary exceeding the combined pay of several major countries' leaders.
• Ministerial salaries in Singapore are tied to the private sector, based on the median income of the top 1,000 highest-earning citizens with a 40% public service discount; the entry-level minister salary will rise from $1.1 million to $1.8 million, with the prime minister earning twice that amount.
• Existing ministers will receive one-off salary adjustments of up to 9% starting October 15, based on performance and previous salary revisions, rather than immediately reaching the new benchmark.
• Wong acknowledged the sensitivity of political salaries in Singapore, emphasizing transparency and the necessity of competitive pay to attract talent from the private sector despite public scrutiny.