What Is Nick Clegg's Net Worth?
Nick Clegg is a British media executive and former politician who has a net worth of $25 million. Nick Clegg served as Deputy Prime Minister of the United Kingdom and Lord President of the Council and was the Vice-President of Global Affairs and Communications at Facebook before becoming the President for Global Affairs at Meta Platforms in 2022.
Early Life
Sir Nicholas William Peter Clegg was born on January 7, 1967, in Chalfont St. Giles, Buckinghamshire, England. He is the third of four children to Hermance van den Wall Bake and Nicholas Peter Clegg. Nick studied at the University of Cambridge, the University of Minnesota, and the College of Europe. He was an award-winning journalist for the "Financial Times" and worked as a skiing instructor and at a bank office before starting a career in politics.
Career
Clegg identified as a member of the Liberal Democrats political party. He became a Member of Parliament for Sheffield Hallam in May 2005. Nick served as Liberal Democrat Home Affairs Spokesman from March 2006 until December 2007. At that time, he assumed the office of Leader of the Liberal Democrats. Clegg served as Deputy Prime Minister of the United Kingdom and Lord President of the Council under Prime Minister David Cameron beginning in May 2010. During his tenure, he advocated for reduced taxes, cuts to defense spending, electoral reform, and an increased focus on safe environmental practices.
The 2015 general election left the party with just eight seats in the House of Commons, and this led to the ousting of Clegg as Deputy Prime Minister and his resignation as the party leader. Nick returned to the Liberal Democrat frontbench in 2016 after a referendum that supported leaving the European Union, and he served as Spokesperson for Exiting the European Union and for International Trade from July 2016 until June 2017. Clegg was defeated in the 2017 general election and then moved to the United States, where he took over as Vice-President for Global Affairs and Communications of Facebook after being appointed by Mark Zuckerberg. Nick was promoted by Zuckerberg in February of 2022 to President for Global Affairs at Meta Platforms.
Facebook Salary
Clegg reportedly earns a salary of 2.8 million pounds per year, which is the same as around $3.4 million USD. He was also given options that could eventually be worth an additional $10-20 million, depending on the length of his tenure and Facebook's stock price.
"GQ" Magazine Controversy
In March 2008, Clegg was interviewed by Piers Morgan and admitted to sleeping with "no more than 30" women. "GQ" magazine ran with the comments, which offended some people, and Senior Liberal Democrat Members of Parliament defended his comments. Nick later added that his split-second response had been taken out of context and over-interpreted.
Personal Life
Nick married Miriam Gonzalez Durantez of Valladolid, Spain, in September 2000. The couple has three children. They lived in Atherton, California, until August 2022, when Clegg announced that he was returning to London for personal reasons and to be closer to his elderly parents.
Clegg was appointed a Knight Bachelor for political and public service in the 2018 New Year Honours.
Nick is multilingual and speaks English, French, Dutch, Spanish, and German.
Atherton Mansion
In December 2018, Nick paid $9 million for a large mansion in Atherton, California. He sold this home in October 2022 for $12.5 million. Before selling the mansion, he paid $2 million for a smaller home in Palo Alto, California, just minutes from Facebook's headquarters.
Nick and his wife also own a $4 million home in West London.
