Liz Truss Net Worth and Biography

Who exactly is the new Prime Minister of the United Kingdom? It’s no news that Liz Truss is the new UK Prime Minister. However, just when you think you know her, there’s so much to the politician than just her name and new achievement.

From an extramarital affair to becoming the new Prime Minister of the UK, RNN.NG will bring you rarely discussed details about the Englishwoman including her life before politics, rise to fame, extramarital affair, 22-year-old marriage, and her net worth.

Truss has no doubt become a monumental figure for women out there who now sing her praises everywhere on the internet. This article will inform you about many things you didn’t know about UK’s new prime minister. Enough said! Let’s dive straight into the details.

Liz Truss Net Worth and Biography

Biodata

Early Life

Liz Truss was born to emeritus professor, John Kenneth, and Priscilla Mary Truss in Oxford, England. Kenneth was a professor of Pure Mathematics at the University of Leeds and her mother was a nurse and teacher. Priscilla Mary Truss was also a member of the Campaign for Nuclear Disarmament.

Truss is the first of four children. She has three younger brothers.

Educational Background- Where It All Started

Liz Truss’s years as a student shaped her for her future as a politician and leader as we will see. The British woman attended West Primary School after her family moved to Paisley, Renfrewshire, Scotland while she was still four years old. She lived in Paisley from 1979 to 1985. Later, she moved to Roundhay School before living in Canada for just one year.

Her educational life in Canada is one Truss boasts of, as she was top of the class, unlike Roundhay where the reverse was the case. She studied Philosophy, Politics, and Economics at Merton College, Oxford. She graduated in 1996. As a British student, the politician was actively involved in the Liberal Democrats. She was the president of Oxford University Liberal Democrats as well as a member of the national executive committee of Liberal Democrat Youth and Students (LDYS).

As a Liberal Democrat, she was known for supporting the legalization of cannabis and the call for the eradication of the monarchy. She also campaigned against the Criminal Justice and Public Order Act 1994. It wasn’t until 1996 that Truss joined the Conservative Party.

It’s safe to say that Truss knew what she wanted and started building her portfolio while schooling.

Profession and Politics

Upon graduating in 1996, Truss worked for Shell and got a qualification as Chartered Management Accountant (ACMA) in 1999. One year later, she was employed by Cable & Wireless and rose to the position of economic director before leaving in 2005.

Before she made her way to becoming UK’s new prime minister, Liz Truss paid her dues in service, resilience, and hard work. Between 1998 and 2000, she served as the chair of the Lewisham Deptford Conservative Association. On May 4, 2006, she became a councilor for Eltham South via the 2006 Greenwich London Borough Council election.

Just before we look at the event (extramarital affair) that made Truss infamous some years ago, here’s a rundown of her political career, achievements, and losses.

• She lost the 2005 General Election as a parliamentary candidate to the Labour Party incumbent.
• In October 2009, she was selected for the South West Norfolk seat by members of the constituency Conservative Association and won over 50% of the vote in the first round of the final. Objections however arose as a result of her extramarital affair with the then Conservative MP and a motion was moved to terminate her candidature. She however prevailed via a 132- 37 vote at a general meeting of members of the association.
• Truss was elected to the House of Commons on May 16, 2010. At the house, she recorded tremendous achievements like campaigning for design improvements to road junctions in her constituency, most notably the A47.
• In 2011, she founded the Free Enterprise Group, an organization that has gained support from over 40 other Conservative MPs.

• In March 2011, Liz Truss became a Member of the Justice Select Committee.
• On September 4, 2012, she was appointed as Parliamentary Under-Secretary of State at the Department for Education.
• In a 2014 cabinet reshuffle, Truss was appointed as Secretary of State for Environment, Food and Rural Affairs, replacing the former secretary, Owen Paterson.
• In 2016, she was appointed as Secretary of State for Justice and Lord Chancellor in Theresa May’s first ministry.
• One year later, she moved to the position of Chief Secretary to the Treasury.
• Liz was the Secretary of State for International Trade and President of the Board of Trade. She was additionally the Minister for Women and Equalities.

Other Achievements

• Truss is responsible for introducing to Parliament, the Trade Act 2021, which establishes the legal framework for the UK to conduct trade deals with other nations in the world.
• She lifted a year-long ban on the export of arms and military equipment to Saudi Arabia.
• Truss struck an agreement between the UK and Japan in September 2020. She explained that the agreement would result in “99% of exports to Japan” being “tariff-free”. The agreement was the first of its kind since England’s exit from the European Union.

Road to Becoming UK’s New Prime Minister

Truss became the second woman to hold the office of Secretary of State for Foreign, Commonwealth, and Development Affairs in September 2021. The first woman to assume that office was Margaret Beckett. The same year, Truss was appointed as the British Government’s chief negotiator with the EU, as a result of Lord Frost’s resignation.

It wasn’t until July 10, 2022, that Truss announced her bid to replace Boris Johnson. 10 days later, she and Rish Sunak were appointed by conservative party MPs for the final leadership vote. Later in September, it was announced that 57.4% of Party members voted for Truss in the membership vote, making her the new Prime Minister.

Appointment as UK’S New Prime Minister

On 6 September 2022, Truss will be appointed as the Prime Minister of the United Kingdom by Queen Elizabeth II in Balmoral, Scotland. The inauguration is the first of its kind under the reign of the queen to take place outside England.

Personal Life and The Mark-Field-Affair

Truss got married to a fellow accountant, Hugh O’Leary in the year 2000, and the duo has two daughters together. Between 2004 and 2005, however, Truss had an affair with the then MP, Mark Field who was equally married. Field was appointed as her political mentor under the conservative party at the time, however, they took their relationship from the office to the sheets.

Although Truss’s marriage was saved, Field’s wife filed for a divorce, citing the affair as a contributing factor. For Liz Truss, leaders like David Cameron helped save her career from crumbling as a result of the affair.

Liz Truss Net Worth

Liz Truss has an estimated net worth of £8.4million.