Liz Truss’ Net Worth, Awards, Endorsements, Achievements, Contracts, Career Life, and Timeline
Net Worth:
As of 2024, Liz Truss’s net worth is estimated to be around £9.4 million. She has accumulated wealth through her political career and also benefits from a property portfolio, including a three-bedroom detached house in Thetford, Norfolk, and a home in Greenwich, south-east London.
Awards and Honors:
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- Truss unveiled her resignation honours list, nominating individuals for peerages and other honors. Notable names include Conservative donor Jon Moynihan, ex-Vote Leave chief Matthew Elliott, and Ruth Porter, a former senior Truss aide.
- She received praise for securing the release of Nazanin Zaghari-Ratcliffe from detention in Iran and imposing tough sanctions over Russia’s war in Ukraine.
Endorsements and Political Achievements:
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- Truss co-founded the Free Enterprise Group of Conservative MPs and authored influential papers like “After the Coalition” and “Britannia Unchained”.
- She endorsed Donald Trump during the US presidential election, emphasizing the need for a strong America and praising his policies.
- Truss pledged to tackle energy crises, unveiling plans to limit energy bill rises and protect households from soaring prices.
- Her tenure as Prime Minister was brief but impactful, addressing critical issues such as energy costs and international relations.
Contracts and Energy Market Reform:
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- Truss aims to move nuclear and renewable electricity generators to lower price contracts, ending the reliance on gas prices for electricity rates.
- Her plan includes capping energy bills for businesses and independent local pubs, providing relief amid soaring prices.
Career Life
Mary Elizabeth Truss, commonly known as Liz Truss, was born on July 26, 1975, in Oxford, England. She studied philosophy, politics, and economics (PPE) at Merton College, Oxford. During her time at university, she was the president of the Oxford University Liberal Democrats. After graduating, Truss embarked on a diverse career path. Truss worked at Royal Dutch Shell, where she also rose to the position of commercial manager. Her tenure at Shell allowed her to gain valuable experience in the oil and gas industry.
Career
She also served as the economic director at telecommunications firm Cable & Wireless Communications Ltd. In 1996, she joined the Conservative Party, transitioning from her earlier affiliation with the Liberal Democrats. Despite two unsuccessful attempts to be elected to the House of Commons, Truss finally succeeded in 2010 when she became the Member of Parliament (MP) for South West Norfolk. Her political career continued to flourish as she held various Cabinet positions under three prime ministers: David Cameron, Theresa May, and Boris Johnson. Secretary of State for Environment, Food and Rural Affairs (2014–2016): Truss championed agricultural reforms and free trade during her tenure. Also Secretary of State for Justice and Lord Chancellor (2016–2017): She oversaw legal matters and judicial appointments. Secretary of State for International Trade and also President of the Board of Trade (2019–2021): Truss focused on trade agreements and global economic relations.
Foreign Secretary (2021–2022): Her role involved handling foreign affairs and diplomacy. In September 2022, Liz Truss became the Prime Minister of the United Kingdom, succeeding Boris Johnson. However, her tenure was brief—she stepped down after just 50 days in office due to a government crisis, making her the shortest-serving prime minister in British history.
