Edgar Lungu Net Worth 2023
Edgar Lungu net worth 2023: Edgar Chagwa Lungu is a Zambian politician who has been the President of Zambia since 25 January 2015. Under former President Michael Sata, Lungu served as Minister of Justice and Minister of Defence.
What is Edgar Lungu Net Worth?
Following Sata’s death in October 2014, Lungu was adopted as the candidate of the ruling Patriotic Front in a Convention of the Patriotic Front in Kabwe, for the January 2015 presidential by-election, which was to determine who would serve out the remainder of Sata’s term. In the election, he narrowly defeated opposition candidate Hakainde Hichilema and took office on 25 January 2015.
Lungu was born 11 November 1956 at Ndola Central Hospital. After graduating with a LL.B. in 1981 from the University of Zambia, he joined the law firm Andrea Masiye and Company in Lusaka. He subsequently underwent military officer training at Miltez in Kabwe under Zambia National Service (ZNS). He then returned to practicing law.
Edgar Lungu Net Worth
According to Lukasatimes, President Edgar Lungu has cut his monthly salary by 50 percent as part of his government’s austerity measures. According to the Statutory Instrument 19 of 2016, President Lungu’s monthly salary is pegged at K36 million K 36 000 per month.
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After the PF won the 2011 election, Lungu became Junior Minister in the Vice-President’s office. He was subsequently promoted to Minister of Home Affairs on 9 July 2012. He became Minister of Defence on 24 December 2013 after Geoffrey Bwalya Mwamba resigned from his ministerial post, and he functioned as Acting President during President Sata’s long term illness in 2013–14.
He has also held a string of central positions in his party, including Chair of the PF Central Committee on Discipline, and he became PF Secretary-General and Minister of Justice on 28 August 2014 to replace Wynter Kabimba, who was fired. These positions were in addition to the Defence portfolio.
First full term (2016–2021)
Lungu ran for a full term in the August 2016 presidential election, which turned out to be a rematch of the 2015 presidential election between Lungu and UPND candidate Hakainde Hichilema. Lungu won the election with 50.32% of the vote, just a few thousand votes over the threshold for avoiding a run-off. He also increased his margin of victory over Hichilema to 100,530 votes or 2.72%
Lungu married Esther Lungu in 1986 and has six children, including Tasila Lungu, a councilwoman in Chawama. He and his family are practicing Baptists.
Against All Odds, a biography of Lungu by the Zambian journalist and senior diplomat Anthony Mukwita, was published by Partridge Africa on 5 January 2017.
The book set records when it became the first Zambian book to go on sale at Barnes & Noble and the first Zambian book on a head of state to be featured in the London Book Fair in Hammersmith
Edgar Lungu net worth Forbes