# Bill Shorten Net Worth: Financial Profile of Australia's NDIS Minister
Bill Shorten, Australia's current Minister for the National Disability Insurance Scheme (NDIS) and Government Services, has accumulated substantial wealth throughout his career in politics and union leadership. Various financial publications and political transparency reports estimate Shorten's net worth to range between $4 million and $6 million as of 2024, positioning him among the wealthier members of the Australian Parliament.
The foundation of Shorten's wealth stems from his extensive career in both the union movement and federal politics. Before entering Parliament in 2007, Shorten held senior positions with the Australian Workers' Union, including serving as National Secretary from 2001 to 2007. His political career has spanned over 16 years, during which he has held various ministerial positions and served as Leader of the Opposition from 2013 to 2019. Parliamentary salaries for senior ministers currently exceed $400,000 annually, contributing significantly to his accumulated wealth over nearly two decades of public service.
Property investments form a substantial component of Shorten's asset portfolio, reflecting a common wealth-building strategy among Australian politicians. Public disclosures indicate that Shorten and his wife, Chloe Shorten, own multiple properties across Melbourne. Their primary residence is located in the affluent suburb of Moonee Ponds, while they also maintain investment properties in other Melbourne locations. Property records suggest their real estate holdings are valued at several million dollars, benefiting from Melbourne's strong property market performance over the past decade.
Beyond real estate, Shorten's financial interests include superannuation holdings and various investment portfolios typical of high-income earners. His wife Chloe Shorten, who works as a corporate executive, also contributes to the household's overall financial position. The couple's combined professional incomes and strategic investments have enabled them to build substantial wealth while maintaining transparency through required parliamentary disclosure processes.
Shorten's financial position reflects broader patterns among senior Australian politicians, where long-term parliamentary careers, property investments, and professional backgrounds often result in significant wealth accumulation. His estimated net worth of $4-6 million places him in the upper tier of parliamentary wealth, though not among the very wealthiest members. This financial profile demonstrates how sustained political careers, combined with strategic property investments and dual professional incomes, can generate substantial personal wealth within Australia's political landscape.