Singapore's prime minister has commonly been cited as the world's highest paid elected leader. Now, incumbent Lawrence Wong will see the compensation gap between him and his global counterparts grow even wider.
Wong on Tuesday announced in the parliament that ministerial salaries will be adjusted upwards, having remained unchanged for 15 years.
Following the revisions, Wong's annual pay package will rise to 3.6 million Singapore dollars ($2.85 million) from SG$2.2 million.
The SG$3.6 million figure consists of both fixed and variable components, and Wong has pledged to donate his full salary increase to charity for five years, assuming he remains prime minister.
A quick comparison shows the gap between Wong and other world leaders is quite stark. The new package is just more than four times that of the Swiss president, and seven times the $400,000 salary paid to the U.S. president.