Malcolm Turnbull Net Worth

Founded Investment Bank

Turnbull co-founded Whitlam Turnbull & Co Ltd, an investment banking and corporate advisory firm. This early venture established his reputation in Australian business circles and began building his personal fortune.

Sold OzEmail Stake

As a major investor in OzEmail, Australia's first commercial internet service provider, Turnbull made significant profits from its sale. This cemented his status as a wealthy businessman before entering politics.

Entered Federal Parliament

Turnbull won the Liberal Party preselection and election for Wentworth, entering federal politics. His business wealth and legal background positioned him as a rising star in the Liberal Party.

Became Liberal Leader

Turnbull won the Liberal Party leadership after defeating Brendan Nelson. His first stint as opposition leader was brief but raised his national profile significantly.

Lost Liberal Leadership

Turnbull lost the leadership to Tony Abbott over climate policy disagreements. This setback temporarily diminished his political standing but his wealth remained intact.

Became Prime Minister

Turnbull successfully challenged Abbott for the Liberal leadership and became Australia's 29th Prime Minister. This elevated him to household name status across Australia and internationally.

Same-Sex Marriage Victory

Turnbull oversaw the successful postal survey and legalization of same-sex marriage in Australia. This was seen as a major achievement but also exposed divisions within his party.

Ousted as PM

Turnbull was removed as Prime Minister and Liberal leader in a party room coup led by conservative MPs. He resigned from parliament shortly after, ending his political career.

Post-Political Career and Advocacy

Turnbull remains active in public discourse on climate policy and political reform through media appearances and his memoir. He is well-known in Australia but no longer at the center of political power.