# Andrew Barr Net Worth: ACT Chief Minister's Financial Standing
Andrew Barr, the current Chief Minister of the Australian Capital Territory (ACT), has maintained a relatively modest financial profile compared to many of his political contemporaries. Various sources estimate Andrew Barr's net worth to range between $1.5 million and $2.5 million as of 2024, though precise figures remain difficult to verify due to limited public disclosure requirements for territory-level politicians. This estimation places him within the middle tier of Australian political figures in terms of personal wealth.
The primary sources of Andrew Barr's net worth stem from his long-standing political career and associated benefits. Having served as Chief Minister since 2014 and as an ACT Legislative Assembly member since 2006, Barr has earned a substantial salary from his political roles. The ACT Chief Minister's annual salary is approximately $350,000, significantly higher than backbench politicians, and this consistent high-level income over nearly two decades has formed the foundation of his accumulated wealth. Additionally, his previous roles in various ministerial positions have contributed to his overall financial standing.
Property holdings represent a significant component of Andrew Barr's estimated net worth, aligning with the broader trend among Australian politicians where more than half own at least one investment property. Public records and parliamentary disclosures indicate that Barr owns residential property in the ACT, though specific details about the number and value of properties remain limited. Given Canberra's strong property market performance over the past decade, any real estate investments would likely have appreciated considerably, contributing substantially to his overall net worth calculation.
Beyond his primary residence and potential investment properties, Andrew Barr's financial portfolio likely includes standard superannuation benefits accumulated through his public service career, as well as potential investments in shares or managed funds. However, unlike federal politicians who must provide detailed pecuniary interest disclosures, ACT Legislative Assembly members face less stringent reporting requirements, making it challenging to obtain comprehensive information about his complete asset portfolio.
The estimation of Andrew Barr's net worth reflects a career dedicated primarily to public service rather than private wealth accumulation. His financial standing appears consistent with a senior public official who has maintained steady employment in high-level political positions for nearly two decades. While his net worth places him comfortably within Australia's upper-middle class, it remains modest compared to politicians who entered politics after successful business careers or those with significant inherited wealth, demonstrating a financial profile typical of career public servants who have reached senior leadership positions.