Jasmine
VIP Contributor
If you check the net worth of politicians, locally or globally, you will see that most of them are millionaires, if not billionaires. How do they manage to get so rich?
When you see rich politicians the first thought that probably comes in your mind is “they are corrupt and they embezzle money. Since they are in power, they never get caught and get away with corruption.” This might be very true because corrupting is rampant not only in developing countries in Asia and Africa but even in the developed countries. Remember, Nicolas Sarkozy, former French President was jailed on corruption charges.
The second method, which is somewhat legal, at least in the United States, is getting donations from lobbyist. The lobbyists are businessmen who donate to politicians in order to pledge for new law and regulations that will be helpful to these businessmen.
The third method is commission. They get commissions from businesses for giving they favors such as contracts.
The fourth method is their high salary and other perks.
When you see rich politicians the first thought that probably comes in your mind is “they are corrupt and they embezzle money. Since they are in power, they never get caught and get away with corruption.” This might be very true because corrupting is rampant not only in developing countries in Asia and Africa but even in the developed countries. Remember, Nicolas Sarkozy, former French President was jailed on corruption charges.
The second method, which is somewhat legal, at least in the United States, is getting donations from lobbyist. The lobbyists are businessmen who donate to politicians in order to pledge for new law and regulations that will be helpful to these businessmen.
The third method is commission. They get commissions from businesses for giving they favors such as contracts.
The fourth method is their high salary and other perks.